From October through December of 2017, there were four homes sold, with a median sale price of $49,304 - a 41.5% decrease over the $84,300 median sale price for the same period of the previous year. There were seven homes sold in Route 97/ Walnut Street in the fourth quarter of 2016.
The median sales tax in Route 97/ Walnut Street for 2017 was $1,505. In 2016, the median sales tax was $1,479. This marks an increase of 1.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.1%.
The following table compares Route 97/ Walnut Street 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) |
|---|---|---|---|---|---|---|
| 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% |
| College Street/ Lawrence Avenue | 13 | 14 | -7.1% | $46,000 | $53,000 | -13.2% |
| Route 97/ 9th Street | 2 | 2 | 0% | $43,250 | $78,750 | -45.1% |
| 4th Street/ Cook Street | 15 | 4 | 275% | $43,000 | $83,000 | -48.2% |
| Grandview | 7 | 13 | -46.2% | $40,000 | $50,000 | -20% |
| 16th Street/ Ash Street | 13 | 17 | -23.5% | $35,000 | $14,600 | 139.7% |
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