In November 2017, there were seven homes sold, with a median sale price of $85,000 - a 27% decrease over the $116,500 median sale price for the same period of the previous year. There were three homes sold in Lincoln Avenue/ Fayette Avenue in November 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.6%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in November 2017:
| Neighborhood | Nov. 2017 Home Sales | Nov. 2016 Home Sales | % change (Total Home Sales) | Nov. 2017 Median Sales Price | Nov. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Washington Street | 18 | 6 | 200% | $143,857.50 | $158,450 | -9.2% |
| Route 4/ Wabash Avenue | 5 | 4 | 25% | $142,500 | $108,000 | 31.9% |
| Devereux Heights | 4 | 9 | -55.6% | $116,250 | $108,000 | 7.6% |
| Southern View | 1 | 0 | - | $115,000 | $0 | - |
| Route 4/ Route 97 | 11 | 10 | 10% | $90,000 | $74,900 | 20.2% |
| Lincoln Avenue/ Fayette Avenue | 7 | 3 | 133.3% | $85,000 | $116,500 | -27% |
| College Street/ Ash Street | 10 | 3 | 233.3% | $80,500 | $76,000 | 5.9% |
| 5th Street/ Griffiths Avenue | 8 | 3 | 166.7% | $74,000 | $74,900 | -1.2% |
| Route 54/ Sangamon Ave. | 12 | 15 | -20% | $73,823.77 | $75,500 | -2.2% |
| Stanton Street/ Stevenson Drive | 6 | 5 | 20% | $62,400 | $107,000 | -41.7% |
| Jerome | 6 | 10 | -40% | $61,750 | $75,000 | -17.7% |
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