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Route 4/ Route 97 home prices fall in September 2018

Real Estate

By Local Labs News Service | Oct 7, 2018

Re 5

The median sale price of a home sold in September 2018 in Route 4/ Route 97, a Springfield neighborhood, fell by $28,651 while total sales increased by 62.5%, according to BlockShopper.com.

In September 2018, there were 13 homes sold, with a median sale price of $62,349 - a 31.5% decrease over the $91,000 median sale price for the same period of the previous year. There were eight homes sold in Route 4/ Route 97 in September 2017.

The median sales tax in Route 4/ Route 97 for the most recent year with available data, 2017, was $1,853, approximately 3% of the median home sale price for September 2018.

The following table compares Route 4/ Route 97 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)
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%
Route 4/ Route 97
13
8
62.5%
$62,349
$91,000
-31.5%
College Street/ Lawrence Avenue
8
6
33.3%
$50,400
$29,625
70.1%
Route 97/ Walnut Street
1
2
-50%
$46,000
$17,500
162.9%
Arlington Heights
7
3
133.3%
$44,000
$30,600
43.8%
Grandview
4
2
100%
$40,000
$31,500
27%
Route 29/ Route 97
7
5
40%
$38,000
$47,000
-19.1%

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