From October through December of 2017, there were 20 homes sold, with a median sale price of $95,000 - a 9.4% decrease over the $104,900 median sale price for the same period of the previous year. There were nine homes sold in Lincoln Avenue/ Fayette Avenue in the fourth quarter of 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in the fourth quarter of 2017:
| Neighborhood | Oct. - Dec. 2017 Home Sales | Oct. - Dec. 2016 Home Sales | % change (Total Home Sales) | Oct. - Dec. 2017 Median Sales Price | Oct. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Toronto/ University of Illinois at Springfield | 24 | 20 | 20% | $152,500 | $133,750 | 14% |
| Route 4/ Wabash Avenue | 26 | 20 | 30% | $133,800 | $144,500 | -7.4% |
| Mayden Road/ Dirkson Parkway | 8 | 10 | -20% | $132,750 | $149,000 | -10.9% |
| Route 4/ Washington Street | 47 | 35 | 34.3% | $122,000 | $143,000 | -14.7% |
| Devereux Heights | 10 | 18 | -44.4% | $117,500 | $104,500 | 12.4% |
| Lincoln Avenue/ Fayette Avenue | 20 | 9 | 122.2% | $95,000 | $104,900 | -9.4% |
| Stanton Street/ Stevenson Drive | 31 | 23 | 34.8% | $85,500 | $93,000 | -8.1% |
| College Street/ Ash Street | 32 | 23 | 39.1% | $82,750 | $103,500 | -20% |
| Route 4/ Route 97 | 27 | 26 | 3.8% | $79,900 | $84,500 | -5.4% |
| Route 54/ Sangamon Ave. | 49 | 40 | 22.5% | $71,000 | $74,250 | -4.4% |
| Jerome | 23 | 29 | -20.7% | $69,000 | $78,000 | -11.5% |
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