From July through December of 2017, there were 52 homes sold, with a median sale price of $69,647 - a 9.5% decrease over the $77,000 median sale price for the same period of the previous year. There were 74 homes sold in Jerome in the second half of 2016.
The median sales tax in Jerome for 2017 was $1,622. In 2016, the median sales tax was $1,578. This marks an increase of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Jerome 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) |
|---|---|---|---|---|---|---|
| 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% |
| Jerome | 52 | 74 | -29.7% | $69,646.92 | $77,000 | -9.5% |
| Stanford Avenue/ Fox Bridge Road | 43 | 33 | 30.3% | $62,500 | $48,000 | 30.2% |
| 5th Street/ Griffiths Avenue | 35 | 25 | 40% | $60,000 | $53,000 | 13.2% |
| College Street/ Lawrence Avenue | 30 | 32 | -6.3% | $59,750 | $57,500 | 3.9% |
| Southern View | 15 | 12 | 25% | $55,000 | $44,000 | 25% |
| Route 97/ Walnut Street | 10 | 15 | -33.3% | $52,800 | $60,000 | -12% |
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