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Monday, December 9, 2019

4th Street/ Cook Street home prices fall in the first quarter of 2019

Real Estate

By Local Labs News Service | Apr 7, 2019

Re 3

The median sale price of a home sold in the first quarter of 2019 in 4th Street/ Cook Street, a Springfield neighborhood, fell by $12,300 while total sales increased by 6.7%, according to BlockShopper.com.

From January through March of 2019, there were 16 homes sold, with a median sale price of $55,200 - a 18.2% decrease over the $67,500 median sale price for the same period of the previous year. There were 15 homes sold in 4th Street/ Cook Street in the first quarter of 2018.

The median sales tax in 4th Street/ Cook Street for the most recent year with available data, 2017, was $1,515, approximately 2.7% of the median home sale price for the first quarter of 2019.

The following table compares 4th Street/ Cook Street 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)
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%
4th Street/ Cook Street
16
15
6.7%
$55,200
$67,500
-18.2%
Route 29/ Route 97
10
15
-33.3%
$54,700
$33,500
63.3%
Route 97/ 9th Street
4
3
33.3%
$50,975
$60,000
-15%
Stanford Avenue/ Fox Bridge Road
24
14
71.4%
$50,470.26
$65,187
-22.6%
Cook Street/ 11th Street
2
3
-33.3%
$45,750
$16,000
185.9%
Grandview
14
16
-12.5%
$38,750
$35,750
8.4%

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