In October 2017, there were three homes sold, with a median sale price of $45,090 - a 22.3% decrease over the $58,000 median sale price for the same period of the previous year. There were five homes sold in Route 29/ Route 97 in October 2016.
The median sales tax in Route 29/ Route 97 for 2017 was $1,112. In 2016, the median sales tax was $1,105. This marks an increase of 0.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.5%.
The following table compares Route 29/ 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 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% |
College Street/ Lawrence Avenue | 1 | 3 | -66.7% | $46,000 | $80,000 | -42.5% |
Route 29/ Route 97 | 3 | 5 | -40% | $45,090 | $58,000 | -22.3% |
Edwards Street/ 11th Street | 2 | 2 | 0% | $39,350 | $80,750 | -51.3% |
Arlington Heights | 12 | 3 | 300% | $27,750 | $62,500 | -55.6% |
16th Street/ Ash Street | 1 | 7 | -85.7% | $21,000 | $10,000 | 110% |
Ash Street/ Wirt Avenue | 7 | 3 | 133.3% | $19,000 | $14,550 | 30.6% |
Clear Lake Avenue/ 16th Street | 2 | 0 | - | $18,000 | $0 | - |