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Wednesday, November 27, 2024

Route 97/ Walnut Street 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 97/ Walnut Street, a Springfield neighborhood, rose by $11,196 while total sales increased by 175%, according to BlockShopper.com.

From October through December of 2018, there were 11 homes sold, with a median sale price of $60,500 - a 22.7% increase over the $49,304 median sale price for the same period of the previous year. There were four homes sold in Route 97/ Walnut Street in the fourth quarter of 2017.

The median sales tax in Route 97/ Walnut Street for the most recent year with available data, 2017, was $1,505, approximately 2.5% of the median home sale price for the fourth quarter of 2018.

The following table compares Route 97/ Walnut Street 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)
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%
College Street/ Lawrence Avenue171330.8%$74,000$46,00060.9%
Route 54/ Sangamon Ave.4449-10.2%$73,320.50$71,0003.3%
Route 97/ Walnut Street114175%$60,500$49,30422.7%
Stanford Avenue/ Fox Bridge Road171330.8%$50,000$56,458-11.4%
Route 97/ 9th Street112450%$49,000$43,25013.3%
Arlington Heights817-52.9%$45,200$34,00032.9%
Southern View6520%$44,865.78$56,250-20.2%
Grandview167128.6%$42,850$40,0007.1%

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