In July 2017, there were eight homes sold, with a median sale price of $66,250 - a 29.5% decrease over the $94,000 median sale price for the same period of the previous year. There were six homes sold in Glenwood Avenue/ Fayette Avenue in July 2016.
The median sales tax in Glenwood Avenue/ Fayette Avenue for 2017 was $2,098. In 2016, the median sales tax was $2,099. This marks an decrease of 0%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.2%.
The following table compares Glenwood Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in July 2017:
| Neighborhood | July 2017 Home Sales | July 2016 Home Sales | % change (Total Home Sales) | July 2017 Median Sales Price | July 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 97/ Walnut Street | 2 | 6 | -66.7% | $82,300 | $44,250 | 86% |
| Southern View | 2 | 1 | 100% | $80,500 | $8,500 | 847.1% |
| Arlington Heights | 4 | 5 | -20% | $74,950 | $21,500 | 248.6% |
| Route 54/ Sangamon Ave. | 29 | 16 | 81.3% | $73,500 | $92,500 | -20.5% |
| Jerome | 11 | 14 | -21.4% | $68,000 | $88,900 | -23.5% |
| Glenwood Avenue/ Fayette Avenue | 8 | 6 | 33.3% | $66,250 | $94,000 | -29.5% |
| Grandview | 2 | 6 | -66.7% | $60,500 | $33,820 | 78.9% |
| Stanford Avenue/ Fox Bridge Road | 13 | 6 | 116.7% | $60,000 | $54,000 | 11.1% |
| 5th Street/ Griffiths Avenue | 9 | 3 | 200% | $53,500 | $67,500 | -20.7% |
| Route 97/ 9th Street | 2 | 2 | 0% | $49,750 | $34,000 | 46.3% |
| 4th Street/ Cook Street | 7 | 4 | 75% | $43,500 | $50,250 | -13.4% |
Alerts Sign-up