In September 2017, there were four homes sold, with a median sale price of $89,200 - a 6.3% increase over the $83,950 median sale price for the same period of the previous year. There were 12 homes sold in Jerome in September 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 1.8%.
The following table compares Jerome to other Springfield neighborhood with similar median sales prices in September 2017:
| Neighborhood | Sept. 2017 Home Sales | Sept. 2016 Home Sales | % change (Total Home Sales) | Sept. 2017 Median Sales Price | Sept. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Wabash Avenue | 12 | 13 | -7.7% | $151,301.50 | $136,000 | 11.3% |
| Route 4/ Washington Street | 17 | 20 | -15% | $139,500 | $118,500 | 17.7% |
| Toronto/ University of Illinois at Springfield | 5 | 13 | -61.5% | $119,900 | $115,000 | 4.3% |
| Mayden Road/ Dirkson Parkway | 4 | 6 | -33.3% | $118,450 | $122,500 | -3.3% |
| Route 4/ Route 97 | 8 | 8 | 0% | $91,000 | $117,500 | -22.6% |
| Jerome | 4 | 12 | -66.7% | $89,200 | $83,950 | 6.3% |
| Stanton Street/ Stevenson Drive | 14 | 6 | 133.3% | $81,750 | $81,000 | 0.9% |
| Devereux Heights | 2 | 1 | 100% | $79,000 | $135,600 | -41.7% |
| College Street/ Ash Street | 17 | 11 | 54.5% | $78,000 | $83,000 | -6% |
| Lincoln Avenue/ Fayette Avenue | 5 | 5 | 0% | $75,000 | $118,000 | -36.4% |
| Stanford Avenue/ Fox Bridge Road | 10 | 3 | 233.3% | $72,300 | $28,500 | 153.7% |
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