From October through December of 2017, there were 18 homes sold, with a median sale price of $62,750 - a 8.2% increase over the $58,000 median sale price for the same period of the previous year. There were 15 homes sold in 5th Street/ Griffiths Avenue in the fourth quarter of 2016.
The median sales tax in 5th Street/ Griffiths Avenue for 2017 was $1,463. In 2016, the median sales tax was $1,457. This marks an increase of 0.4%. 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 5th Street/ Griffiths 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) |
|---|---|---|---|---|---|---|
| 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% |
| 5th Street/ Griffiths Avenue | 18 | 15 | 20% | $62,750 | $58,000 | 8.2% |
| Glenwood Avenue/ Fayette Avenue | 15 | 29 | -48.3% | $58,800 | $122,000 | -51.8% |
| Stanford Avenue/ Fox Bridge Road | 13 | 15 | -13.3% | $56,458 | $53,000 | 6.5% |
| Southern View | 5 | 8 | -37.5% | $56,250 | $44,000 | 27.8% |
| Route 29/ Route 97 | 16 | 14 | 14.3% | $53,000 | $51,250 | 3.4% |
| Route 97/ Walnut Street | 4 | 7 | -42.9% | $49,304 | $84,300 | -41.5% |
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