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Saturday, December 7, 2019

4th Street/ Cook Street home prices fall in the second half of 2018

Real Estate

By Local Labs News Service | Jan 7, 2019

Re 6

The median sale price of a home sold in the second half of 2018 in 4th Street/ Cook Street, a Springfield neighborhood, fell by $2,000 while total sales decreased by 29.4%, according to BlockShopper.com.

From July through December of 2018, there were 24 homes sold, with a median sale price of $41,000 - a 4.7% decrease over the $43,000 median sale price for the same period of the previous year. There were 34 homes sold in 4th Street/ Cook Street in the second half of 2017.

The median sales tax in 4th Street/ Cook Street for the most recent year with available data, 2017, was $1,515, approximately 3.7% of the median home sale price for the second half of 2018.

The following table compares 4th Street/ Cook Street 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)
Arlington Heights
21
31
-32.3%
$53,400
$50,000
6.8%
Southern View
13
15
-13.3%
$53,250
$55,000
-3.2%
Route 29/ Route 97
39
29
34.5%
$52,000
$47,000
10.6%
Grandview
31
15
106.7%
$46,000
$40,000
15%
Stanford Avenue/ Fox Bridge Road
41
43
-4.7%
$42,400
$62,500
-32.2%
4th Street/ Cook Street
24
34
-29.4%
$41,000
$43,000
-4.7%
Edwards Street/ 11th Street
2
4
-50%
$34,009.50
$24,794.50
37.2%
Route 97/ 9th Street
24
16
50%
$34,000
$51,250
-33.7%
Cook Street/ Wheeler Avenue
12
14
-14.3%
$32,375
$16,000
102.3%
Ash Street/ Wirt Avenue
22
36
-38.9%
$32,000
$27,700
15.5%
16th Street/ Ash Street
30
32
-6.3%
$21,500
$20,300
5.9%

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