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Wednesday, November 27, 2024

Rising home prices in Salisbury/ Farmingdale in February 2021

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The median sale price of a home sold in February 2021 in Salisbury/ Farmingdale, a Springfield neighborhood, rose by $12,975 while total sales decreased by 40%, according to BlockShopper.com.

In February 2021, there were six homes sold, with a median sale price of $234,500 - a 5.9% increase over the $221,525 median sale price for the same period of the previous year. There were 10 homes sold in Salisbury/ Farmingdale in February 2020.

The median sales tax in Salisbury/ Farmingdale for the most recent year with available data, 2019, was $5,321, approximately 2.3% of the median home sale price for February 2021.

The following table compares Salisbury/ Farmingdale 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)
Salisbury/ Farmingdale610-40%$234,500$221,5255.9%
Leland Grove440%$229,500$220,0004.3%
Route 4/ Greenbriar Drive8714.3%$210,500$174,90020.4%
Route 4/ Washington Street6450%$170,000$134,00026.9%
Woodside24-50%$150,000$170,000-11.8%
Toronto/ University of Illinois at Springfield48-50%$141,750$141,5000.2%
Route 4/ Wabash Avenue440%$134,875$159,000-15.2%
Route 4/ Route 9757-28.6%$125,000$63,75096.1%
4th Street/ Cook Street26-66.7%$110,500$45,000145.6%
Lincoln Avenue/ Fayette Avenue51400%$102,500$103,500-1%
Southern View37-57.1%$99,900$33,500198.2%

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