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Sangamon Sun

Tuesday, November 26, 2024

Lincoln Avenue/ Fayette Avenue home prices fall in August 2018

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The median sale price of a home sold in August 2018 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, fell by $25,050 while total sales decreased by 25%, according to BlockShopper.com.

In August 2018, there were six homes sold, with a median sale price of $93,950 - a 21.1% decrease over the $119,000 median sale price for the same period of the previous year. There were eight homes sold in Lincoln Avenue/ Fayette Avenue in August 2017.

The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2017, was $2,217, approximately 2.4% of the median home sale price for August 2018.

The following table compares Lincoln Avenue/ Fayette Avenue 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)
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%
Route 97/ Walnut Street12-50%$88,000$58,13851.4%
5th Street/ Griffiths Avenue36-50%$85,400$40,855.50109%
College Street/ Ash Street191090%$80,000$89,900-11%
Arlington Heights27-71.4%$77,500$53,00046.2%
Route 4/ Route 97910-10%$75,000$99,000-24.2%

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