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Jerome home prices rise in May 2018

Real Estate

By Local Labs News Service | Jun 7, 2018

Re 14

The median sale price of a home sold in May 2018 in Jerome, a Springfield neighborhood, rose by $5,753 while total sales decreased by 33.3%, according to BlockShopper.com.

In May 2018, there were 10 homes sold, with a median sale price of $64,000 - a 9.9% increase over the $58,247 median sale price for the same period of the previous year. There were 15 homes sold in Jerome in May 2017.

The median sales tax in Jerome for the most recent year with available data, 2017, was $1,622, approximately 2.5% of the median home sale price for May 2018.

The following table compares Jerome 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)
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%
Stanford Avenue/ Fox Bridge Road
8
15
-46.7%
$42,219
$36,150
16.8%

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