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Sangamon Sun

Tuesday, November 26, 2024

5th Street/ Griffiths Avenue home prices rise in August 2018

Realestate2

The median sale price of a home sold in August 2018 in 5th Street/ Griffiths Avenue, a Springfield neighborhood, rose by $44,545 while total sales decreased by 50%, according to BlockShopper.com.

In August 2018, there were three homes sold, with a median sale price of $85,400 - a 109% increase over the $40,856 median sale price for the same period of the previous year. There were six homes sold in 5th Street/ Griffiths Avenue in August 2017.

The median sales tax in 5th Street/ Griffiths Avenue for the most recent year with available data, 2017, was $1,463, approximately 1.7% of the median home sale price for August 2018.

The following table compares 5th Street/ Griffiths 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)
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%
Stanton Street/ Stevenson Drive1012-16.7%$71,197$87,750-18.9%
Devereux Heights35-40%$65,000$112,000-42%

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