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Friday, January 24, 2020

Jerome home prices fall in the first half of 2019

Real Estate

By Local Labs News Service | Jul 7, 2019

Re 10

The median sale price of a home sold in the first half of 2019 in Jerome, a Springfield neighborhood, fell by $4,607 while total sales decreased by 14.9%, according to BlockShopper.com.

From January through June of 2019, there were 40 homes sold, with a median sale price of $65,393 - a 6.6% decrease over the $70,000 median sale price for the same period of the previous year. There were 47 homes sold in Jerome in the first half of 2018.

The median sales tax in Jerome for the most recent year with available data, 2017, was $1,622, approximately 2.5% of the median home sale price for the first half of 2019.

The following table compares Jerome 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)
Stanton Street/ Stevenson Drive
48
49
-2%
$88,329.71
$95,000
-7%
College Street/ Ash Street
63
53
18.9%
$85,000
$85,000
0%
Devereux Heights
11
18
-38.9%
$81,500
$75,000
8.7%
Route 4/ Route 97
47
54
-13%
$74,900
$85,950
-12.9%
Route 54/ Sangamon Ave.
94
86
9.3%
$73,250
$70,000
4.6%
Jerome
40
47
-14.9%
$65,393
$70,000
-6.6%
College Street/ Lawrence Avenue
39
27
44.4%
$59,500
$53,000
12.3%
4th Street/ Cook Street
26
31
-16.1%
$55,700
$62,000
-10.2%
Southern View
10
13
-23.1%
$55,500
$32,500
70.8%
Arlington Heights
24
28
-14.3%
$53,500
$51,750
3.4%
Stanford Avenue/ Fox Bridge Road
41
40
2.5%
$53,440.51
$57,378.50
-6.9%

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