In December 2017, there were nine homes sold, with a median sale price of $95,000 - a 5.9% decrease over the $101,000 median sale price for the same period of the previous year. There were three homes sold in Lincoln Avenue/ Fayette Avenue in December 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 2.3%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in December 2017:
| Neighborhood | Dec. 2017 Home Sales | Dec. 2016 Home Sales | % change (Total Home Sales) | Dec. 2017 Median Sales Price | Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Wabash Avenue | 11 | 10 | 10% | $132,600 | $146,450 | -9.5% |
| Mayden Road/ Dirkson Parkway | 2 | 3 | -33.3% | $123,500 | $155,000 | -20.3% |
| Route 4/ Washington Street | 15 | 14 | 7.1% | $122,000 | $134,500 | -9.3% |
| Devereux Heights | 1 | 5 | -80% | $116,000 | $166,500 | -30.3% |
| Glenwood Avenue/ Fayette Avenue | 3 | 9 | -66.7% | $105,000 | $129,900 | -19.2% |
| Lincoln Avenue/ Fayette Avenue | 9 | 3 | 200% | $95,000 | $101,000 | -5.9% |
| Route 54/ Sangamon Ave. | 18 | 14 | 28.6% | $89,963.36 | $60,000 | 49.9% |
| Stanton Street/ Stevenson Drive | 7 | 4 | 75% | $89,892 | $83,450 | 7.7% |
| College Street/ Ash Street | 11 | 12 | -8.3% | $78,500 | $104,250 | -24.7% |
| 4th Street/ Cook Street | 3 | 1 | 200% | $75,000 | $165,000 | -54.5% |
| Route 29/ Route 97 | 6 | 4 | 50% | $68,250 | $47,500 | 43.7% |
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