From July through December of 2017, there were 35 homes sold, with a median sale price of $60,000 - a 13.2% increase over the $53,000 median sale price for the same period of the previous year. There were 25 homes sold in 5th Street/ Griffiths Avenue in the second half of 2016.
The median sales tax in 5th Street/ Griffiths Avenue for 2017 was $1,463. In 2016, the median sales tax was $1,457. This marks an increase of 0.4%. 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 5th Street/ Griffiths 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 97/ 9th Street | 16 | 12 | 33.3% | $51,250 | $50,092 | 2.3% |
| Arlington Heights | 31 | 32 | -3.1% | $50,000 | $41,500 | 20.5% |
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