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Monday, November 25, 2024

Grandview home prices fall in May 2018

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The median sale price of a home sold in May 2018 in Grandview, a Springfield neighborhood, fell by $19,900 while total sales decreased by 25%, according to BlockShopper.com.

In May 2018, there were six homes sold, with a median sale price of $41,600 - a 32.4% decrease over the $61,500 median sale price for the same period of the previous year. There were eight homes sold in Grandview in May 2017.

The median sales tax in Grandview for the most recent year with available data, 2017, was $986, approximately 2.4% of the median home sale price for May 2018.

The following table compares Grandview 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)
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%
Ash Street/ Wirt Avenue770%$22,000$28,000-21.4%
Southern View25-60%$20,250$51,545.79-60.7%

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