From July through December of 2017, there were 29 homes sold, with a median sale price of $47,000 - a 6% decrease over the $50,000 median sale price for the same period of the previous year. There were 25 homes sold in Route 29/ Route 97 in the second half of 2016.
The median sales tax in Route 29/ Route 97 for 2017 was $1,112. In 2016, the median sales tax was $1,105. This marks an increase of 0.6%. 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 29/ Route 97 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) |
|---|---|---|---|---|---|---|
| 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% |
| Route 29/ Route 97 | 29 | 25 | 16% | $47,000 | $50,000 | -6% |
| 4th Street/ Cook Street | 34 | 19 | 78.9% | $43,000 | $66,000 | -34.8% |
| Grandview | 15 | 31 | -51.6% | $40,000 | $44,500 | -10.1% |
| Ash Street/ Wirt Avenue | 36 | 24 | 50% | $27,700 | $19,100 | 45% |
| Edwards Street/ 11th Street | 4 | 5 | -20% | $24,794.50 | $45,000 | -44.9% |
| 16th Street/ Ash Street | 32 | 31 | 3.2% | $20,300 | $23,250 | -12.7% |
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