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Friday, August 1, 2025

Route 4/ Greenbriar Drive home prices fall in the second half of 2017

Re 12

The median sale price of a home sold in the second half of 2017 in Route 4/ Greenbriar Drive, a Springfield neighborhood, fell by $5,250 while total sales decreased by 8.4%, according to BlockShopper.com.

From July through December of 2017, there were 76 homes sold, with a median sale price of $177,250 - a 2.9% decrease over the $182,500 median sale price for the same period of the previous year. There were 83 homes sold in Route 4/ Greenbriar Drive in the second half of 2016.

The median sales tax in Route 4/ Greenbriar Drive for 2017 was $4,189. In 2016, the median sales tax was $4,307. This marks an decrease of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Route 4/ Greenbriar Drive to other Springfield neighborhood with similar median sales prices in the second half of 2017:

NeighborhoodJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Salisbury/ Farmingdale112120-6.7%$222,750$215,7503.2%
Leland Grove3944-11.4%$203,000$154,50031.4%
Woodside6874-8.1%$188,750$191,500-1.4%
Route 4/ Greenbriar Drive7683-8.4%$177,250$182,500-2.9%
Toronto/ University of Illinois at Springfield5764-10.9%$147,500$135,0009.3%
Route 4/ Wabash Avenue55550%$142,500$146,000-2.4%
Mayden Road/ Dirkson Parkway312055%$131,500$130,2501%
Route 4/ Washington Street8799-12.1%$130,000$137,000-5.1%
Devereux Heights1824-25%$110,000$103,5006.3%
Lincoln Avenue/ Fayette Avenue382181%$98,575$105,000-6.1%
Glenwood Avenue/ Fayette Avenue3748-22.9%$98,500$110,700-11%

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