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Tuesday, November 26, 2024

5th Street/ Griffiths Avenue home prices fall 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 5th Street/ Griffiths Avenue, a Springfield neighborhood, fell by $28,189 while total sales decreased by 5.6%, according to BlockShopper.com.

From October through December of 2018, there were 17 homes sold, with a median sale price of $34,561 - a 44.9% decrease over the $62,750 median sale price for the same period of the previous year. There were 18 homes sold in 5th Street/ Griffiths Avenue in the fourth quarter of 2017.

The median sales tax in 5th Street/ Griffiths Avenue for the most recent year with available data, 2017, was $1,463, approximately 4.2% of the median home sale price for the fourth quarter of 2018.

The following table compares 5th Street/ Griffiths 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)
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%
Route 29/ Route 971116-31.3%$37,000$53,000-30.2%
Cook Street/ Wheeler Avenue411-63.6%$36,500$14,500151.7%
5th Street/ Griffiths Avenue1718-5.6%$34,561.05$62,750-44.9%
Edwards Street/ 11th Street23-33.3%$34,009.50$19,83971.4%
Ash Street/ Wirt Avenue717-58.8%$28,000$25,5009.8%
16th Street/ Ash Street161323.1%$23,000$35,000-34.3%
4th Street/ Cook Street615-60%$21,450$43,000-50.1%
Clear Lake Avenue/ 16th Street10742.9%$15,000$20,000-25%

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