From January through December of 2017, there were 81 homes sold, with a median sale price of $95,000 - a 5.9% decrease over the $101,000 median sale price for the previous year. There were 56 homes sold in Lincoln Avenue/ Fayette Avenue in 2016.
The median sales tax in Lincoln Avenue/ Fayette Avenue for 2017 was $2,217. In 2016, the median sales tax was $2,190. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.3%.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in 2017:
| Neighborhood | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Toronto/ University of Illinois at Springfield | 107 | 106 | 0.9% | $145,500 | $132,250 | 10% |
| Route 4/ Wabash Avenue | 110 | 103 | 6.8% | $145,127.50 | $142,000 | 2.2% |
| Route 4/ Washington Street | 178 | 186 | -4.3% | $135,000 | $130,500 | 3.4% |
| Mayden Road/ Dirkson Parkway | 57 | 31 | 83.9% | $123,000 | $128,000 | -3.9% |
| Devereux Heights | 30 | 45 | -33.3% | $105,305.26 | $104,000 | 1.3% |
| Lincoln Avenue/ Fayette Avenue | 81 | 56 | 44.6% | $95,000 | $101,000 | -5.9% |
| Glenwood Avenue/ Fayette Avenue | 77 | 74 | 4.1% | $94,000 | $104,500 | -10% |
| Route 4/ Route 97 | 106 | 111 | -4.5% | $89,950 | $88,000 | 2.2% |
| Stanton Street/ Stevenson Drive | 120 | 108 | 11.1% | $87,500 | $86,450 | 1.2% |
| College Street/ Ash Street | 138 | 113 | 22.1% | $80,750 | $97,500 | -17.2% |
| Route 54/ Sangamon Ave. | 175 | 186 | -5.9% | $73,000 | $75,500 | -3.3% |
Alerts Sign-up