In October 2017, there were 14 homes sold, with a median sale price of $74,200 - a 48.1% decrease over the $143,000 median sale price for the same period of the previous year. There were 15 homes sold in Route 4/ Washington Street in October 2016.
The median sales tax in Route 4/ Washington Street for 2017 was $3,172. In 2016, the median sales tax was $3,165. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.3%.
The following table compares Route 4/ Washington Street 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) |
|---|---|---|---|---|---|---|
| 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% |
| Stanford Avenue/ Fox Bridge Road | 7 | 5 | 40% | $64,000 | $80,000 | -20% |
| 4th Street/ Cook Street | 5 | 2 | 150% | $51,850 | $83,000 | -37.5% |
| Southern View | 1 | 5 | -80% | $51,545.79 | $56,000 | -8% |
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