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Friday, January 24, 2020

Glenwood Avenue/ Fayette Avenue home prices rise in the second half of 2018

Real Estate

By Local Labs News Service | Jan 7, 2019

Re 7

The median sale price of a home sold in the second half of 2018 in Glenwood Avenue/ Fayette Avenue, a Springfield neighborhood, rose by $8,600 while total sales increased by 21.6%, according to BlockShopper.com.

From July through December of 2018, there were 45 homes sold, with a median sale price of $107,100 - a 8.7% increase over the $98,500 median sale price for the same period of the previous year. There were 37 homes sold in Glenwood Avenue/ Fayette Avenue in the second half of 2017.

The median sales tax in Glenwood Avenue/ Fayette Avenue for the most recent year with available data, 2017, was $2,098, approximately 2% of the median home sale price for the second half of 2018.

The following table compares Glenwood Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in the second half of 2018:

Neighborhood
July - Dec. 2018 Home Sales
July - Dec. 2017 Home Sales
% change (Total Home Sales)
July - Dec. 2018 Median Sales Price
July - Dec. 2017 Median Sales Price
% change (Median Sales Price)
Route 4/ Greenbriar Drive
57
76
-25%
$162,200
$177,250
-8.5%
Route 4/ Wabash Avenue
51
55
-7.3%
$137,000
$142,500
-3.9%
Toronto/ University of Illinois at Springfield
55
57
-3.5%
$135,000
$147,500
-8.5%
Route 4/ Washington Street
83
87
-4.6%
$133,000
$130,000
2.3%
Mayden Road/ Dirkson Parkway
18
31
-41.9%
$123,500
$131,500
-6.1%
Glenwood Avenue/ Fayette Avenue
45
37
21.6%
$107,100
$98,500
8.7%
Devereux Heights
23
18
27.8%
$99,500
$110,000
-9.5%
Lincoln Avenue/ Fayette Avenue
39
38
2.6%
$91,000
$98,575
-7.7%
Stanton Street/ Stevenson Drive
55
66
-16.7%
$87,000
$87,443.50
-0.5%
College Street/ Ash Street
69
72
-4.2%
$85,500
$85,950
-0.5%
Jerome
48
52
-7.7%
$82,000
$69,646.92
17.7%

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