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Wednesday, November 27, 2024

Leland Grove home prices fall in the second half of 2018

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The median sale price of a home sold in the second half of 2018 in Leland Grove, a Springfield neighborhood, fell by $33,100 while total sales decreased by 20.5%, according to BlockShopper.com.

From July through December of 2018, there were 31 homes sold, with a median sale price of $169,900 - a 16.3% decrease over the $203,000 median sale price for the same period of the previous year. There were 39 homes sold in Leland Grove in the second half of 2017.

The median sales tax in Leland Grove for the most recent year with available data, 2017, was $3,948, approximately 2.3% of the median home sale price for the second half of 2018.

The following table compares Leland Grove to other Springfield neighborhood with similar median sales prices in the second half of 2018:

NeighborhoodJuly - Dec. 2018 Home SalesJuly - Dec. 2017 Home Sales% change (Total Home Sales)July - Dec. 2018 Median Sales PriceJuly - Dec. 2017 Median Sales Price% change (Median Sales Price)
Salisbury/ Farmingdale14211226.8%$190,000$222,750-14.7%
Woodside4768-30.9%$180,000$188,750-4.6%
Leland Grove3139-20.5%$169,900$203,000-16.3%
Route 4/ Greenbriar Drive5776-25%$162,200$177,250-8.5%
Route 4/ Wabash Avenue5155-7.3%$137,000$142,500-3.9%
Toronto/ University of Illinois at Springfield5557-3.5%$135,000$147,500-8.5%
Route 4/ Washington Street8387-4.6%$133,000$130,0002.3%
Mayden Road/ Dirkson Parkway1831-41.9%$123,500$131,500-6.1%
Glenwood Avenue/ Fayette Avenue453721.6%$107,100$98,5008.7%
Devereux Heights231827.8%$99,500$110,000-9.5%
Lincoln Avenue/ Fayette Avenue39382.6%$91,000$98,575-7.7%

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