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Wednesday, May 8, 2024

What happened to the median home price in Stanford Avenue/ Fox Bridge Road during the third quarter of 2021?

Realestate077

The median sale price of a home sold in the third quarter of 2021 in Stanford Avenue/ Fox Bridge Road, a Springfield neighborhood, rose by $8,500 while total sales remained unchanged with 14 homes sold, according to BlockShopper.com.

From July through September of 2021, there were 14 homes sold, with a median sale price of $60,000 - a 16.5% increase over the $51,500 median sale price for the same period of the previous year. There were 14 homes sold in Stanford Avenue/ Fox Bridge Road in the third quarter of 2020, as well.

The median sales tax in Stanford Avenue/ Fox Bridge Road for the most recent year with available data, 2019, was $1,360, approximately 2.3% of the median home sale price for the third quarter of 2021.

The following table compares Stanford Avenue/ Fox Bridge Road to other Springfield neighborhood with similar median sale prices in the third quarter of 2021:

NeighborhoodJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
College Street/ Lawrence Avenue913-30.8%$79,900$40,00099.8%
Route 97/ Walnut Street6450%$73,700$94,000-21.6%
Southern View13862.5%$66,500$51,00030.4%
Arlington Heights227214.3%$66,250$26,000154.8%
Grandview13785.7%$60,000$29,000106.9%
Stanford Avenue/ Fox Bridge Road14140%$60,000$51,50016.5%
4th Street/ Cook Street15966.7%$58,500$73,000-19.9%
Edwards Street/ 11th Street23-33.3%$58,000$16,000262.5%
Route 97/ 9th Street83166.7%$51,450$32,00060.8%
Clear Lake Avenue/ 16th Street110%$37,000$18,000105.6%
Route 29/ Route 9711922.2%$33,875$31,0009.3%

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