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Friday, August 1, 2025

Leland Grove home prices rise in the fourth quarter of 2017

Realestate5

The median sale price of a home sold in the fourth quarter of 2017 in Leland Grove, a Springfield neighborhood, rose by $27,000 while total sales increased by 5.3%, according to BlockShopper.com.

From October through December of 2017, there were 20 homes sold, with a median sale price of $202,000 - a 15.4% increase over the $175,000 median sale price for the same period of the previous year. There were 19 homes sold in Leland Grove in the fourth quarter of 2016.

The median sales tax in Leland Grove for 2017 was $3,948. In 2016, the median sales tax was $3,967. This marks an decrease of 0.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.

The following table compares Leland Grove to other Springfield neighborhood with similar median sales prices in the fourth quarter of 2017:

NeighborhoodOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Salisbury/ Farmingdale4657-19.3%$203,500$220,000-7.5%
Leland Grove20195.3%$202,000$175,00015.4%
Woodside37355.7%$182,000$190,000-4.2%
Route 4/ Greenbriar Drive3133-6.1%$160,000$173,000-7.5%
Toronto/ University of Illinois at Springfield242020%$152,500$133,75014%
Route 4/ Wabash Avenue262030%$133,800$144,500-7.4%
Mayden Road/ Dirkson Parkway810-20%$132,750$149,000-10.9%
Route 4/ Washington Street473534.3%$122,000$143,000-14.7%
Devereux Heights1018-44.4%$117,500$104,50012.4%
Lincoln Avenue/ Fayette Avenue209122.2%$95,000$104,900-9.4%
Stanton Street/ Stevenson Drive312334.8%$85,500$93,000-8.1%

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