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Route 54/ Sangamon Ave. home prices fall in May 2018

Real Estate

By Local Labs News Service | Jun 7, 2018

Realestate2

The median sale price of a home sold in May 2018 in Route 54/ Sangamon Ave., a Springfield neighborhood, fell by $3,000 while total sales increased by 23.5%, according to BlockShopper.com.

In May 2018, there were 21 homes sold, with a median sale price of $70,000 - a 4.1% decrease over the $73,000 median sale price for the same period of the previous year. There were 17 homes sold in Route 54/ Sangamon Ave. in May 2017.

The median sales tax in Route 54/ Sangamon Ave. for the most recent year with available data, 2017, was $1,664, approximately 2.4% of the median home sale price for May 2018.

The following table compares Route 54/ Sangamon Ave. to other Springfield neighborhood with similar median sales prices in May 2018:

Neighborhood
May 2018 Home Sales
May 2017 Home Sales
% change (Total Home Sales)
May 2018 Median Sales Price
May 2017 Median Sales Price
% change (Median Sales Price)
Stanton Street/ Stevenson Drive
10
8
25%
$101,500
$89,750
13.1%
Route 97/ Walnut Street
1
5
-80%
$98,000
$53,000
84.9%
Route 4/ Route 97
17
10
70%
$87,000
$102,650
-15.2%
Glenwood Avenue/ Fayette Avenue
9
8
12.5%
$83,000
$82,200
1%
Lincoln Avenue/ Fayette Avenue
9
18
-50%
$77,000
$92,917.60
-17.1%
Route 54/ Sangamon Ave.
21
17
23.5%
$70,000
$73,000
-4.1%
Jerome
10
15
-33.3%
$64,000
$58,247.15
9.9%
5th Street/ Griffiths Avenue
2
11
-81.8%
$63,000
$53,415
17.9%
Route 29/ Route 97
7
9
-22.2%
$54,000
$58,000
-6.9%
4th Street/ Cook Street
6
5
20%
$45,000
$82,473.02
-45.4%
College Street/ Lawrence Avenue
9
7
28.6%
$45,000
$60,308.72
-25.4%

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