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Wednesday, November 27, 2024

What happened to the median home price in Glenwood Avenue/ Fayette Avenue during February 2021?

Realestate1

The median sale price of a home sold in February 2021 in Glenwood Avenue/ Fayette Avenue, a Springfield neighborhood, rose by $19,095 while total sales decreased by 20%, according to BlockShopper.com.

In February 2021, there were four homes sold, with a median sale price of $54,100 - a 54.5% increase over the $35,005 median sale price for the same period of the previous year. There were five homes sold in Glenwood Avenue/ Fayette Avenue in February 2020.

The median sales tax in Glenwood Avenue/ Fayette Avenue for the most recent year with available data, 2019, was $2,354, approximately 4.4% of the median home sale price for February 2021.

The following table compares Glenwood Avenue/ Fayette 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)
Devereux Heights21100%$97,500$88,00010.8%
Jerome73133.3%$91,500$75,00022%
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%

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