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Thursday, November 7, 2024

Lincoln Avenue/ Fayette Avenue home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, fell by $15,918 while total sales decreased by 50%, according to BlockShopper.com.

In May 2018, there were nine homes sold, with a median sale price of $77,000 - a 17.1% decrease over the $92,918 median sale price for the same period of the previous year. There were 18 homes sold in Lincoln Avenue/ Fayette Avenue in May 2017.

The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2017, was $2,217, approximately 2.9% of the median home sale price for May 2018.

The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in May 2018:

NeighborhoodMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
College Street/ Ash Street914-35.7%$106,500$70,65050.7%
Stanton Street/ Stevenson Drive10825%$101,500$89,75013.1%
Route 97/ Walnut Street15-80%$98,000$53,00084.9%
Route 4/ Route 97171070%$87,000$102,650-15.2%
Glenwood Avenue/ Fayette Avenue9812.5%$83,000$82,2001%
Lincoln Avenue/ Fayette Avenue918-50%$77,000$92,917.60-17.1%
Route 54/ Sangamon Ave.211723.5%$70,000$73,000-4.1%
Jerome1015-33.3%$64,000$58,247.159.9%
5th Street/ Griffiths Avenue211-81.8%$63,000$53,41517.9%
Route 29/ Route 9779-22.2%$54,000$58,000-6.9%
4th Street/ Cook Street6520%$45,000$82,473.02-45.4%

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