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Monday, November 25, 2024

Route 29/ Route 97 home prices fall in May 2018

Realestate2

The median sale price of a home sold in May 2018 in Route 29/ Route 97, a Springfield neighborhood, fell by $4,000 while total sales decreased by 22.2%, according to BlockShopper.com.

In May 2018, there were seven homes sold, with a median sale price of $54,000 - a 6.9% decrease over the $58,000 median sale price for the same period of the previous year. There were nine homes sold in Route 29/ Route 97 in May 2017.

The median sales tax in Route 29/ Route 97 for the most recent year with available data, 2017, was $1,112, approximately 2.1% of the median home sale price for May 2018.

The following table compares Route 29/ Route 97 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)
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%
College Street/ Lawrence Avenue9728.6%$45,000$60,308.72-25.4%
Stanford Avenue/ Fox Bridge Road815-46.7%$42,219$36,15016.8%
Grandview68-25%$41,600$61,500-32.4%
16th Street/ Ash Street78-12.5%$38,000$39,492.12-3.8%

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