In October 2017, there were 10 homes sold, with a median sale price of $113,001 - a 26.4% decrease over the $153,500 median sale price for the same period of the previous year. There were six homes sold in Route 4/ Wabash Avenue in October 2016.
The median sales tax in Route 4/ Wabash Avenue for 2017 was $3,448. In 2016, the median sales tax was $3,396. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.
The following table compares Route 4/ Wabash 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) |
|---|---|---|---|---|---|---|
| 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% |
| Stanton Street/ Stevenson Drive | 18 | 14 | 28.6% | $90,193.50 | $93,000 | -3% |
| Route 4/ Route 97 | 9 | 9 | 0% | $90,000 | $97,000 | -7.2% |
Alerts Sign-up