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Friday, April 26, 2024

College Street/ Lawrence Avenue home prices fall in the second quarter of 2018

Realestate3

The median sale price of a home sold in the second quarter of 2018 in College Street/ Lawrence Avenue, a Springfield neighborhood, fell by $8,855 while total sales increased by 27.8%, according to BlockShopper.com.

From April through June of 2018, there were 23 homes sold, with a median sale price of $53,000 - a 14.3% decrease over the $61,855 median sale price for the same period of the previous year. There were 18 homes sold in College Street/ Lawrence Avenue in the second quarter of 2017.

The median sales tax in College Street/ Lawrence Avenue for the most recent year with available data, 2017, was $1,532, approximately 2.9% of the median home sale price for the second quarter of 2018.

The following table compares College Street/ Lawrence Avenue to other Springfield neighborhood with similar median sales prices in the second quarter of 2018:

NeighborhoodApr. - June 2018 Home SalesApr. - June 2017 Home Sales% change (Total Home Sales)Apr. - June 2018 Median Sales PriceApr. - June 2017 Median Sales Price% change (Median Sales Price)
Jerome3135-11.4%$75,000$69,9007.3%
Devereux Heights770%$70,000$105,610.51-33.7%
Route 54/ Sangamon Ave.534420.5%$70,000$75,975-7.9%
Arlington Heights1318-27.8%$62,000$47,50030.5%
Stanford Avenue/ Fox Bridge Road2628-7.1%$54,750$45,00021.7%
College Street/ Lawrence Avenue231827.8%$53,000$61,855.28-14.3%
5th Street/ Griffiths Avenue1724-29.2%$52,500$63,750-17.6%
Route 29/ Route 9721210%$52,000$43,50019.5%
4th Street/ Cook Street161414.3%$46,750$58,750-20.4%
Grandview1220-40%$41,600$58,000-28.3%
Route 97/ 9th Street410-60%$41,450$32,50027.5%

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