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Wednesday, November 27, 2024

Route 4/ Wabash Avenue home prices rise in the fourth quarter of 2018

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The median sale price of a home sold in the fourth quarter of 2018 in Route 4/ Wabash Avenue, a Springfield neighborhood, rose by $7,700 while total sales decreased by 7.7%, according to BlockShopper.com.

From October through December of 2018, there were 24 homes sold, with a median sale price of $141,500 - a 5.8% increase over the $133,800 median sale price for the same period of the previous year. There were 26 homes sold in Route 4/ Wabash Avenue in the fourth quarter of 2017.

The median sales tax in Route 4/ Wabash Avenue for the most recent year with available data, 2017, was $3,448, approximately 2.4% of the median home sale price for the fourth quarter of 2018.

The following table compares Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in the fourth quarter of 2018:

NeighborhoodOct. - Dec. 2018 Home SalesOct. - Dec. 2017 Home Sales% change (Total Home Sales)Oct. - Dec. 2018 Median Sales PriceOct. - Dec. 2017 Median Sales Price% change (Median Sales Price)
Salisbury/ Farmingdale684647.8%$179,950$203,500-11.6%
Woodside2337-37.8%$173,000$182,000-4.9%
Leland Grove1320-35%$163,000$202,000-19.3%
Route 4/ Greenbriar Drive2031-35.5%$149,500$160,000-6.6%
Route 4/ Wabash Avenue2426-7.7%$141,500$133,8005.8%
Toronto/ University of Illinois at Springfield292420.8%$135,000$152,500-11.5%
Route 4/ Washington Street3347-29.8%$130,000$122,0006.6%
Mayden Road/ Dirkson Parkway11837.5%$115,000$132,750-13.4%
Glenwood Avenue/ Fayette Avenue231553.3%$109,000$58,80085.4%
Lincoln Avenue/ Fayette Avenue1520-25%$92,000$95,000-3.2%
Stanton Street/ Stevenson Drive2431-22.6%$87,200$85,5002%

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