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Monday, December 9, 2019

Route 4/ Wabash Avenue home prices rise in the first half of 2019

Real Estate

By Local Labs News Service | Jul 7, 2019

Re 11

The median sale price of a home sold in the first half of 2019 in Route 4/ Wabash Avenue, a Springfield neighborhood, rose by $9,850 while total sales decreased by 7.9%, according to BlockShopper.com.

From January through June of 2019, there were 58 homes sold, with a median sale price of $152,750 - a 6.9% increase over the $142,900 median sale price for the same period of the previous year. There were 63 homes sold in Route 4/ Wabash Avenue in the first half of 2018.

The median sales tax in Route 4/ Wabash Avenue for the most recent year with available data, 2017, was $3,448, approximately 2.3% of the median home sale price for the first half of 2019.

The following table compares Route 4/ Wabash Avenue to other Springfield neighborhood with similar median sales prices in the first half of 2019:

Neighborhood
Jan. - June 2019 Home Sales
Jan. - June 2018 Home Sales
% change (Total Home Sales)
Jan. - June 2019 Median Sales Price
Jan. - June 2018 Median Sales Price
% change (Median Sales Price)
Salisbury/ Farmingdale
116
114
1.8%
$225,750
$216,700
4.2%
Woodside
53
60
-11.7%
$189,900
$188,000
1%
Leland Grove
29
38
-23.7%
$173,000
$166,000
4.2%
Route 4/ Greenbriar Drive
82
53
54.7%
$172,500
$188,000
-8.2%
Route 4/ Wabash Avenue
58
63
-7.9%
$152,750
$142,900
6.9%
Toronto/ University of Illinois at Springfield
55
47
17%
$144,000
$137,000
5.1%
Route 4/ Washington Street
88
65
35.4%
$128,000
$122,000
4.9%
Mayden Road/ Dirkson Parkway
26
30
-13.3%
$127,750
$137,200
-6.9%
Lincoln Avenue/ Fayette Avenue
27
39
-30.8%
$108,000
$92,835.20
16.3%
Glenwood Avenue/ Fayette Avenue
34
36
-5.6%
$93,750
$86,750
8.1%
Stanton Street/ Stevenson Drive
48
49
-2%
$88,329.71
$95,000
-7%

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