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Sangamon Sun

Wednesday, November 27, 2024

February 2021: Home prices in 5th Street/ Griffiths Avenue fell

Realestate2

The median sale price of a home sold in February 2021 in 5th Street/ Griffiths Avenue, a Springfield neighborhood, fell by $22,750 while total sales decreased by 20%, according to BlockShopper.com.

In February 2021, there were four homes sold, with a median sale price of $50,750 - a 31% decrease over the $73,500 median sale price for the same period of the previous year. There were five homes sold in 5th Street/ Griffiths Avenue in February 2020.

The median sales tax in 5th Street/ Griffiths Avenue for the most recent year with available data, 2019, was $1,565, approximately 3.1% of the median home sale price for February 2021.

The following table compares 5th Street/ Griffiths Avenue to other Springfield neighborhood with similar median sale prices in February 2021:

NeighborhoodFeb. 2021 Home SalesFeb. 2020 Home Sales% change (Total Home Sales)Feb. 2021 Median Sales PriceFeb. 2020 Median Sales Price% change (Median Sales Price)
Route 54/ Sangamon Ave.11110%$86,000$88,000-2.3%
Route 97/ Walnut Street110%$81,500$40,000103.8%
College Street/ Ash Street330%$80,000$111,200-28.1%
Glenwood Avenue/ Fayette Avenue45-20%$54,100$35,00554.5%
Stanford Avenue/ Fox Bridge Road6520%$53,250$45,00018.3%
5th Street/ Griffiths Avenue45-20%$50,750$73,500-31%
Route 97/ 9th Street12-50%$50,000$82,450-39.4%
Grandview13-66.7%$45,000$70,000-35.7%
16th Street/ Ash Street3250%$40,000$57,420-30.3%
College Street/ Lawrence Avenue18-87.5%$39,000$59,000-33.9%
Arlington Heights13-66.7%$35,000$30,50014.8%

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