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Monday, July 14, 2025

The fourth quarter of 2021: Cook Street/ Wheeler Avenue experienced a 24.7% drop in median home prices

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The median sale price of a home sold in the fourth quarter of 2021 in Cook Street/ Wheeler Avenue, a Springfield neighborhood, fell by $9,000 while total sales decreased by 50%, according to BlockShopper.com.

From October through December of 2021, there were six homes sold, with a median sale price of $27,500 - a 24.7% decrease over the $36,500 median sale price for the same period of the previous year. There were 12 homes sold in Cook Street/ Wheeler Avenue in the fourth quarter of 2020.

The median sales tax in Cook Street/ Wheeler Avenue for the most recent year with available data, 2019, was $611, approximately 2.2% of the median home sale price for the fourth quarter of 2021.

The following table compares Cook Street/ Wheeler Avenue to other Springfield neighborhood with similar median sale prices in the fourth quarter of 2021:

NeighborhoodOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Edwards Street/ 11th Street10-$64,000$0-
4th Street/ Cook Street911-18.2%$59,500$51,00016.7%
Arlington Heights147100%$50,000$75,000-33.3%
Devereux Heights8560%$50,000$45,00011.1%
Route 97/ 9th Street4333.3%$35,000$22,00059.1%
Southern View78-12.5%$34,000$42,500-20%
Ash Street/ Wirt Avenue105100%$33,850$18,00088.1%
Cook Street/ Wheeler Avenue612-50%$27,500$36,500-24.7%
Clear Lake Avenue/ 16th Street49-55.6%$21,000$19,2509.1%
16th Street/ Ash Street12771.4%$11,000$33,000-66.7%
Cook Street/ 11th Street63100%$5,500$5,00010%

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