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Tuesday, November 26, 2024

Grandview 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 Grandview, a Springfield neighborhood, rose by $6,000 while total sales increased by 106.7%, according to BlockShopper.com.

From July through December of 2018, there were 31 homes sold, with a median sale price of $46,000 - a 15% increase over the $40,000 median sale price for the same period of the previous year. There were 15 homes sold in Grandview in the second half of 2017.

The median sales tax in Grandview for the most recent year with available data, 2017, was $986, approximately 2.1% of the median home sale price for the second half of 2018.

The following table compares Grandview 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)
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%
Cook Street/ Wheeler Avenue1214-14.3%$32,375$16,000102.3%

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