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Tuesday, November 26, 2024

College Street/ Ash Street home prices fall in October 2017

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The median sale price of a home sold in October 2017 in College Street/ Ash Street, a Springfield neighborhood, fell by $18,000 while total sales increased by 37.5%, according to BlockShopper.com.

In October 2017, there were 11 homes sold, with a median sale price of $87,000 - a 17.1% decrease over the $105,000 median sale price for the same period of the previous year. There were eight homes sold in College Street/ Ash Street in October 2016.

The median sales tax in College Street/ Ash Street for 2017 was $2,064. In 2016, the median sales tax was $2,017. This marks an increase of 2.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares College Street/ Ash Street to other Springfield neighborhood with similar median sales prices in October 2017:

NeighborhoodOct. 2017 Home SalesOct. 2016 Home Sales% change (Total Home Sales)Oct. 2017 Median Sales PriceOct. 2016 Median Sales Price% change (Median Sales Price)
Leland Grove510-50%$109,900$158,950-30.9%
Grandview16-83.3%$93,000$47,75094.8%
Glenwood Avenue/ Fayette Avenue47-42.9%$91,500$122,000-25%
Stanton Street/ Stevenson Drive181428.6%$90,193.50$93,000-3%
Route 4/ Route 97990%$90,000$97,000-7.2%
College Street/ Ash Street11837.5%$87,000$105,000-17.1%
Jerome111010%$76,770$79,000-2.8%
Route 4/ Washington Street1415-6.7%$74,200$143,000-48.1%
5th Street/ Griffiths Avenue46-33.3%$67,500$34,25097.1%
Route 54/ Sangamon Ave.191172.7%$64,500$80,000-19.4%
Stanford Avenue/ Fox Bridge Road7540%$64,000$80,000-20%

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