In October 2017, there were four homes sold, with a median sale price of $141,700 - a 40.3% increase over the $101,000 median sale price for the same period of the previous year. There were three homes sold in Lincoln Avenue/ Fayette Avenue in October 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 1.6%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in October 2017:
| Neighborhood | Oct. 2017 Home Sales | Oct. 2016 Home Sales | % change (Total Home Sales) | Oct. 2017 Median Sales Price | Oct. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodside | 10 | 14 | -28.6% | $179,000 | $211,000 | -15.2% |
| Salisbury/ Farmingdale | 13 | 17 | -23.5% | $165,000 | $220,000 | -25% |
| Toronto/ University of Illinois at Springfield | 11 | 7 | 57.1% | $150,000 | $111,000 | 35.1% |
| Route 4/ Greenbriar Drive | 10 | 17 | -41.2% | $147,500 | $165,000 | -10.6% |
| Lincoln Avenue/ Fayette Avenue | 4 | 3 | 33.3% | $141,700 | $101,000 | 40.3% |
| Mayden Road/ Dirkson Parkway | 5 | 2 | 150% | $134,000 | $102,080 | 31.3% |
| Devereux Heights | 5 | 4 | 25% | $119,000 | $64,250 | 85.2% |
| Route 4/ Wabash Avenue | 10 | 6 | 66.7% | $113,000.50 | $153,500 | -26.4% |
| Leland Grove | 5 | 10 | -50% | $109,900 | $158,950 | -30.9% |
| Grandview | 1 | 6 | -83.3% | $93,000 | $47,750 | 94.8% |
| Glenwood Avenue/ Fayette Avenue | 4 | 7 | -42.9% | $91,500 | $122,000 | -25% |
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