In November 2017, there were six homes sold, with a median sale price of $61,750 - a 17.7% decrease over the $75,000 median sale price for the same period of the previous year. There were 10 homes sold in Jerome in November 2016.
The median sales tax in Jerome for 2017 was $1,622. In 2016, the median sales tax was $1,578. This marks an increase of 2.8%. 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 Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Lawrence Avenue | 9 | 5 | 80% | $59,500 | $38,000 | 56.6% |
| Glenwood Avenue/ Fayette Avenue | 8 | 13 | -38.5% | $54,125 | $115,000 | -52.9% |
| Arlington Heights | 3 | 2 | 50% | $50,000 | $74,125 | -32.5% |
| Route 29/ Route 97 | 7 | 5 | 40% | $47,000 | $30,000 | 56.7% |
| Route 97/ Walnut Street | 2 | 3 | -33.3% | $37,054 | $84,900 | -56.4% |
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