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Wednesday, May 8, 2024

What happened to the median home price in Lincoln Avenue/ Fayette Avenue during September 2021?

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The median sale price of a home sold in September 2021 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, fell by $18,000 while total sales increased by 66.7%, according to BlockShopper.com.

In September 2021, there were five homes sold, with a median sale price of $100,000 - a 15.3% decrease over the $118,000 median sale price for the same period of the previous year. There were three homes sold in Lincoln Avenue/ Fayette Avenue in September 2020.

The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2019, was $2,461, approximately 2.5% of the median home sale price for September 2021.

The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sale prices in September 2021:

NeighborhoodSept. 2021 Home SalesSept. 2020 Home Sales% change (Total Home Sales)Sept. 2021 Median Sales PriceSept. 2020 Median Sales Price% change (Median Sales Price)
Leland Grove63100%$178,500$210,000-15%
Route 4/ Washington Street69-33.3%$149,950$153,500-2.3%
Stanton Street/ Stevenson Drive7475%$117,000$55,500110.8%
Route 54/ Sangamon Ave.173466.7%$109,900$30,000266.3%
Jerome7540%$101,012$72,00040.3%
Lincoln Avenue/ Fayette Avenue5366.7%$100,000$118,000-15.3%
Route 4/ Route 9758-37.5%$90,000$119,500-24.7%
College Street/ Ash Street93200%$87,000$115,000-24.3%
Arlington Heights62200%$85,200$26,000227.7%
4th Street/ Cook Street73133.3%$83,500$83,0000.6%
Grandview30-$81,700$0-

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