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Thursday, November 7, 2024

College Street/ Lawrence Avenue home prices fall in May 2018

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The median sale price of a home sold in May 2018 in College Street/ Lawrence Avenue, a Springfield neighborhood, fell by $15,309 while total sales increased by 28.6%, according to BlockShopper.com.

In May 2018, there were nine homes sold, with a median sale price of $45,000 - a 25.4% decrease over the $60,309 median sale price for the same period of the previous year. There were seven homes sold in College Street/ Lawrence Avenue in May 2017.

The median sales tax in College Street/ Lawrence Avenue for the most recent year with available data, 2017, was $1,532, approximately 3.4% of the median home sale price for May 2018.

The following table compares College Street/ Lawrence 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)
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%
Route 97/ 9th Street34-25%$37,900$13,750175.6%
Arlington Heights27-71.4%$37,750$31,00021.8%

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