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Wednesday, May 8, 2024

Falling home prices in Route 4/ Washington Street in September 2021

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The median sale price of a home sold in September 2021 in Route 4/ Washington Street, a Springfield neighborhood, fell by $3,550 while total sales decreased by 33.3%, according to BlockShopper.com.

In September 2021, there were six homes sold, with a median sale price of $149,950 - a 2.3% decrease over the $153,500 median sale price for the same period of the previous year. There were nine homes sold in Route 4/ Washington Street in September 2020.

The median sales tax in Route 4/ Washington Street for the most recent year with available data, 2019, was $3,523, approximately 2.3% of the median home sale price for September 2021.

The following table compares Route 4/ Washington Street 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)
Route 4/ Greenbriar Drive10100%$263,000$181,45044.9%
Woodside770%$237,000$215,00010.2%
Toronto/ University of Illinois at Springfield78-12.5%$180,000$129,25039.3%
Route 4/ Wabash Avenue79-22.2%$180,000$169,4006.3%
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%

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