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Thursday, December 5, 2019

Lincoln Avenue/ Fayette Avenue home prices rise in September 2018

Real Estate

By Local Labs News Service | Oct 7, 2018

Re 13

The median sale price of a home sold in September 2018 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, rose by $11,000 while total sales increased by 80%, according to BlockShopper.com.

In September 2018, there were nine homes sold, with a median sale price of $86,000 - a 14.7% increase over the $75,000 median sale price for the same period of the previous year. There were five homes sold in Lincoln Avenue/ Fayette Avenue in September 2017.

The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2017, was $2,217, approximately 2.6% of the median home sale price for September 2018.

The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in September 2018:

Neighborhood
Sept. 2018 Home Sales
Sept. 2017 Home Sales
% change (Total Home Sales)
Sept. 2018 Median Sales Price
Sept. 2017 Median Sales Price
% change (Median Sales Price)
College Street/ Ash Street
7
17
-58.8%
$108,000
$78,000
38.5%
Jerome
5
4
25%
$105,000
$89,200
17.7%
Glenwood Avenue/ Fayette Avenue
5
2
150%
$95,000
$62,500
52%
Mayden Road/ Dirkson Parkway
1
4
-75%
$91,900
$118,450
-22.4%
Stanton Street/ Stevenson Drive
10
14
-28.6%
$89,300
$81,750
9.2%
Lincoln Avenue/ Fayette Avenue
9
5
80%
$86,000
$75,000
14.7%
4th Street/ Cook Street
4
4
0%
$80,250
$55,000
45.9%
5th Street/ Griffiths Avenue
3
2
50%
$78,666
$57,950
35.7%
Devereux Heights
4
2
100%
$75,278.31
$79,000
-4.7%
Route 54/ Sangamon Ave.
21
12
75%
$69,000
$56,495
22.1%
Southern View
2
4
-50%
$64,075
$44,500
44%

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