In August 2017, there were two homes sold, with a median sale price of $58,138 - a 15.1% decrease over the $68,500 median sale price for the same period of the previous year. There were two homes sold in Route 97/ Walnut Street in August 2016, as well.
The median sales tax in Route 97/ Walnut Street for 2017 was $1,505. In 2016, the median sales tax was $1,479. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Route 97/ Walnut Street 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) |
|---|---|---|---|---|---|---|
| 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% |
| 4th Street/ Cook Street | 8 | 8 | 0% | $37,500 | $67,500 | -44.4% |
| Stanford Avenue/ Fox Bridge Road | 7 | 9 | -22.2% | $30,003 | $49,000 | -38.8% |
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