In August 2017, there were eight homes sold, with a median sale price of $119,000 - a 13.3% increase over the $105,000 median sale price for the same period of the previous year. There were five homes sold in Lincoln Avenue/ Fayette Avenue in August 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in August 2017:
| Neighborhood | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Greenbriar Drive | 17 | 19 | -10.5% | $177,500 | $179,000 | -0.8% |
| Route 4/ Wabash Avenue | 8 | 10 | -20% | $143,000 | $150,500 | -5% |
| Route 4/ Washington Street | 14 | 25 | -44% | $137,450 | $147,750 | -7% |
| Mayden Road/ Dirkson Parkway | 7 | 3 | 133.3% | $132,000 | $123,000 | 7.3% |
| Toronto/ University of Illinois at Springfield | 13 | 18 | -27.8% | $123,500 | $134,735 | -8.3% |
| Lincoln Avenue/ Fayette Avenue | 8 | 5 | 60% | $119,000 | $105,000 | 13.3% |
| Glenwood Avenue/ Fayette Avenue | 12 | 8 | 50% | $113,750 | $86,950 | 30.8% |
| Devereux Heights | 5 | 1 | 400% | $112,000 | $103,000 | 8.7% |
| Route 4/ Route 97 | 10 | 6 | 66.7% | $99,000 | $120,800 | -18% |
| College Street/ Ash Street | 10 | 10 | 0% | $89,900 | $94,950 | -5.3% |
| Stanton Street/ Stevenson Drive | 12 | 10 | 20% | $87,750 | $87,450 | 0.3% |
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