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Wednesday, November 27, 2024

Lincoln Avenue/ Fayette Avenue home prices fall in the fourth quarter of 2018

Realestate1

The median sale price of a home sold in the fourth quarter of 2018 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, fell by $3,000 while total sales decreased by 25%, according to BlockShopper.com.

From October through December of 2018, there were 15 homes sold, with a median sale price of $92,000 - a 3.2% decrease over the $95,000 median sale price for the same period of the previous year. There were 20 homes sold in Lincoln Avenue/ Fayette Avenue in the fourth quarter of 2017.

The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2017, was $2,217, approximately 2.4% of the median home sale price for the fourth quarter of 2018.

The following table compares Lincoln Avenue/ Fayette 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)
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%
Route 4/ Route 972527-7.4%$80,000$79,9000.1%
College Street/ Ash Street2832-12.5%$79,965.70$82,750-3.4%
Devereux Heights910-10%$75,000$117,500-36.2%
Jerome23230%$74,000$69,0007.2%

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