From July through December of 2017, there were 38 homes sold, with a median sale price of $98,575 - a 6.1% decrease over the $105,000 median sale price for the same period of the previous year. There were 21 homes sold in Lincoln Avenue/ Fayette Avenue in the second half of 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.2%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in the second half of 2017:
| Neighborhood | July - Dec. 2017 Home Sales | July - Dec. 2016 Home Sales | % change (Total Home Sales) | July - Dec. 2017 Median Sales Price | July - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Toronto/ University of Illinois at Springfield | 57 | 64 | -10.9% | $147,500 | $135,000 | 9.3% |
| Route 4/ Wabash Avenue | 55 | 55 | 0% | $142,500 | $146,000 | -2.4% |
| Mayden Road/ Dirkson Parkway | 31 | 20 | 55% | $131,500 | $130,250 | 1% |
| Route 4/ Washington Street | 87 | 99 | -12.1% | $130,000 | $137,000 | -5.1% |
| Devereux Heights | 18 | 24 | -25% | $110,000 | $103,500 | 6.3% |
| Lincoln Avenue/ Fayette Avenue | 38 | 21 | 81% | $98,575 | $105,000 | -6.1% |
| Glenwood Avenue/ Fayette Avenue | 37 | 48 | -22.9% | $98,500 | $110,700 | -11% |
| Route 4/ Route 97 | 55 | 59 | -6.8% | $89,000 | $96,000 | -7.3% |
| Stanton Street/ Stevenson Drive | 66 | 50 | 32% | $87,443.50 | $87,000 | 0.5% |
| College Street/ Ash Street | 72 | 55 | 30.9% | $85,950 | $96,500 | -10.9% |
| Route 54/ Sangamon Ave. | 103 | 87 | 18.4% | $73,500 | $76,900 | -4.4% |
Alerts Sign-up