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Sangamon Sun

Tuesday, November 26, 2024

5th Street/ Griffiths Avenue home prices rise in October 2017

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The median sale price of a home sold in October 2017 in 5th Street/ Griffiths Avenue, a Springfield neighborhood, rose by $33,250 while total sales decreased by 33.3%, according to BlockShopper.com.

In October 2017, there were four homes sold, with a median sale price of $67,500 - a 97.1% increase over the $34,250 median sale price for the same period of the previous year. There were six homes sold in 5th Street/ Griffiths Avenue in October 2016.

The median sales tax in 5th Street/ Griffiths Avenue for 2017 was $1,463. In 2016, the median sales tax was $1,457. This marks an increase of 0.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.

The following table compares 5th Street/ Griffiths Avenue 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)
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%
4th Street/ Cook Street52150%$51,850$83,000-37.5%
Southern View15-80%$51,545.79$56,000-8%
College Street/ Lawrence Avenue13-66.7%$46,000$80,000-42.5%

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