In August 2017, there were 14 homes sold, with a median sale price of $77,367 - a 12.1% increase over the $69,000 median sale price for the same period of the previous year. There were 19 homes sold in Jerome in August 2016.
The median sales tax in Jerome for 2017 was $1,622. In 2016, the median sales tax was $1,578. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.
The following table compares Jerome 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/ 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% |
| Route 97/ 9th Street | 8 | 2 | 300% | $45,000 | $34,592 | 30.1% |
| 5th Street/ Griffiths Avenue | 6 | 2 | 200% | $40,855.50 | $60,200 | -32.1% |
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