In October 2017, there were nine homes sold, with a median sale price of $90,000 - a 7.2% decrease over the $97,000 median sale price for the same period of the previous year. There were nine homes sold in Route 4/ Route 97 in October 2016, as well.
The median sales tax in Route 4/ Route 97 for 2017 was $1,853. In 2016, the median sales tax was $1,907. This marks an decrease 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 Route 4/ Route 97 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Ash Street | 11 | 8 | 37.5% | $87,000 | $105,000 | -17.1% |
| Jerome | 11 | 10 | 10% | $76,770 | $79,000 | -2.8% |
| Route 4/ Washington Street | 14 | 15 | -6.7% | $74,200 | $143,000 | -48.1% |
| 5th Street/ Griffiths Avenue | 4 | 6 | -33.3% | $67,500 | $34,250 | 97.1% |
| Route 54/ Sangamon Ave. | 19 | 11 | 72.7% | $64,500 | $80,000 | -19.4% |
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