In August 2017, there were seven homes sold, with a median sale price of $82,000 - a 6.3% decrease over the $87,500 median sale price for the same period of the previous year. There were 10 homes sold in College Street/ Lawrence Avenue in August 2016.
The median sales tax in College Street/ Lawrence Avenue for 2017 was $1,532. In 2016, the median sales tax was $1,508. This marks an increase of 1.6%. 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 College Street/ Lawrence 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Lawrence Avenue | 7 | 10 | -30% | $82,000 | $87,500 | -6.3% |
| Route 54/ Sangamon Ave. | 13 | 20 | -35% | $82,000 | $77,200 | 6.2% |
| Jerome | 14 | 19 | -26.3% | $77,366.50 | $69,000 | 12.1% |
| Southern View | 4 | 2 | 100% | $61,750 | $40,500 | 52.5% |
| Route 97/ Walnut Street | 2 | 2 | 0% | $58,138 | $68,500 | -15.1% |
| Arlington Heights | 7 | 7 | 0% | $53,000 | $27,500 | 92.7% |
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