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Wednesday, May 8, 2024

How did home prices perform in 5th Street/ Griffiths Avenue during the third quarter of 2021?

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The median sale price of a home sold in the third quarter of 2021 in 5th Street/ Griffiths Avenue, a Springfield neighborhood, fell by $4,500 while total sales increased by 50%, according to BlockShopper.com.

From July through September of 2021, there were 15 homes sold, with a median sale price of $80,000 - a 5.3% decrease over the $84,500 median sale price for the same period of the previous year. There were 10 homes sold in 5th Street/ Griffiths Avenue in the third quarter of 2020.

The median sales tax in 5th Street/ Griffiths Avenue for the most recent year with available data, 2019, was $1,565, approximately 2% of the median home sale price for the third quarter of 2021.

The following table compares 5th Street/ Griffiths Avenue 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)
Route 54/ Sangamon Ave.342347.8%$104,400$76,00037.4%
Glenwood Avenue/ Fayette Avenue211361.5%$103,000$119,900-14.1%
Jerome277285.7%$101,012$69,00046.4%
Route 4/ Route 97211540%$95,000$127,000-25.2%
Devereux Heights5425%$90,000$97,000-7.2%
5th Street/ Griffiths Avenue151050%$80,000$84,500-5.3%
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%

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