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Wednesday, November 27, 2024

Route 29/ Route 97 home prices rise 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 29/ Route 97, a Springfield neighborhood, rose by $5,000 while total sales increased by 34.5%, according to BlockShopper.com.

From July through December of 2018, there were 39 homes sold, with a median sale price of $52,000 - a 10.6% increase over the $47,000 median sale price for the same period of the previous year. There were 29 homes sold in Route 29/ Route 97 in the second half of 2017.

The median sales tax in Route 29/ Route 97 for the most recent year with available data, 2017, was $1,112, approximately 2.1% of the median home sale price for the second half of 2018.

The following table compares Route 29/ Route 97 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)
5th Street/ Griffiths Avenue3035-14.3%$70,000$60,00016.7%
College Street/ Lawrence Avenue353016.7%$65,000$59,7508.8%
Route 97/ Walnut Street171070%$60,500$52,80014.6%
Arlington Heights2131-32.3%$53,400$50,0006.8%
Southern View1315-13.3%$53,250$55,000-3.2%
Route 29/ Route 97392934.5%$52,000$47,00010.6%
Grandview3115106.7%$46,000$40,00015%
Stanford Avenue/ Fox Bridge Road4143-4.7%$42,400$62,500-32.2%
4th Street/ Cook Street2434-29.4%$41,000$43,000-4.7%
Edwards Street/ 11th Street24-50%$34,009.50$24,794.5037.2%
Route 97/ 9th Street241650%$34,000$51,250-33.7%

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