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Friday, December 13, 2019

Route 4/ Route 97 home prices fall in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Realestate2

The median sale price of a home sold in the first quarter of 2019 in Route 4/ Route 97, a Springfield neighborhood, fell by $11,250 while total sales decreased by 30%, according to BlockShopper.com.

From January through March of 2019, there were 14 homes sold, with a median sale price of $73,700 - a 13.2% decrease over the $84,950 median sale price for the same period of the previous year. There were 20 homes sold in Route 4/ Route 97 in the first quarter of 2018.

The median sales tax in Route 4/ Route 97 for the most recent year with available data, 2017, was $1,853, approximately 2.5% of the median home sale price for the first quarter of 2019.

The following table compares Route 4/ Route 97 to other Springfield neighborhood with similar median sales prices in the first quarter of 2019:

Neighborhood
Jan. - Mar. 2019 Home Sales
Jan. - Mar. 2018 Home Sales
% change (Total Home Sales)
Jan. - Mar. 2019 Median Sales Price
Jan. - Mar. 2018 Median Sales Price
% change (Median Sales Price)
Devereux Heights
6
11
-45.5%
$98,250
$81,250
20.9%
Mayden Road/ Dirkson Parkway
8
14
-42.9%
$94,900
$136,250
-30.3%
Glenwood Avenue/ Fayette Avenue
12
19
-36.8%
$82,450
$85,000
-3%
Stanton Street/ Stevenson Drive
12
22
-45.5%
$81,250
$98,500
-17.5%
College Street/ Ash Street
30
23
30.4%
$80,000
$82,500
-3%
Route 4/ Route 97
14
20
-30%
$73,700
$84,950
-13.2%
Jerome
12
16
-25%
$73,538.50
$59,500
23.6%
Arlington Heights
8
15
-46.7%
$69,000
$48,500
42.3%
Route 54/ Sangamon Ave.
34
33
3%
$66,742.50
$71,500
-6.7%
Route 97/ Walnut Street
6
4
50%
$64,750
$73,436
-11.8%
Southern View
4
4
0%
$63,025
$41,500
51.9%

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