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Wednesday, November 27, 2024

Route 4/ Wabash Avenue 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 Route 4/ Wabash Avenue, a Springfield neighborhood, fell by $5,500 while total sales decreased by 7.3%, according to BlockShopper.com.

From July through December of 2018, there were 51 homes sold, with a median sale price of $137,000 - a 3.9% decrease over the $142,500 median sale price for the same period of the previous year. There were 55 homes sold in Route 4/ Wabash Avenue in the second half of 2017.

The median sales tax in Route 4/ Wabash Avenue for the most recent year with available data, 2017, was $3,448, approximately 2.5% of the median home sale price for the second half of 2018.

The following table compares Route 4/ Wabash Avenue 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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