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Sangamon Sun

Tuesday, November 26, 2024

Salisbury/ Farmingdale home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Salisbury/ Farmingdale, a Springfield neighborhood, fell by $62,250 while total sales increased by 4.2%, according to BlockShopper.com.

In August 2018, there were 25 homes sold, with a median sale price of $185,000 - a 25.2% decrease over the $247,250 median sale price for the same period of the previous year. There were 24 homes sold in Salisbury/ Farmingdale in August 2017.

The median sales tax in Salisbury/ Farmingdale for the most recent year with available data, 2017, was $4,582, approximately 2.5% of the median home sale price for August 2018.

The following table compares Salisbury/ Farmingdale to other Springfield neighborhood with similar median sales prices in August 2018:

NeighborhoodAug. 2018 Home SalesAug. 2017 Home Sales% change (Total Home Sales)Aug. 2018 Median Sales PriceAug. 2017 Median Sales Price% change (Median Sales Price)
Leland Grove7540%$242,590$203,00019.5%
Woodside141127.3%$190,250$195,000-2.4%
Salisbury/ Farmingdale25244.2%$185,000$247,250-25.2%
Route 4/ Greenbriar Drive1517-11.8%$161,000$177,500-9.3%
Route 4/ Washington Street211450%$139,000$137,4501.1%
Toronto/ University of Illinois at Springfield1113-15.4%$137,000$123,50010.9%
Route 4/ Wabash Avenue9812.5%$135,000$143,000-5.6%
Jerome1114-21.4%$127,000$77,366.5064.2%
Glenwood Avenue/ Fayette Avenue912-25%$107,100$113,750-5.8%
Route 54/ Sangamon Ave.14137.7%$96,952.71$82,00018.2%
Lincoln Avenue/ Fayette Avenue68-25%$93,950$119,000-21.1%

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