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Monday, July 14, 2025

Rising home prices in Route 4/ Wabash Avenue in the fourth quarter of 2021

Webp realestate5

The median sale price of a home sold in the fourth quarter of 2021 in Route 4/ Wabash Avenue, a Springfield neighborhood, rose by $17,950 while total sales increased by 57.9%, according to BlockShopper.com.

From October through December of 2021, there were 30 homes sold, with a median sale price of $182,950 - a 10.9% increase over the $165,000 median sale price for the same period of the previous year. There were 19 homes sold in Route 4/ Wabash Avenue in the fourth quarter of 2020.

The median sales tax in Route 4/ Wabash Avenue for the most recent year with available data, 2019, was $3,626, approximately 2% of the median home sale price for the fourth quarter of 2021.

The following table compares Route 4/ Wabash 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)
Salisbury/ Farmingdale51486.3%$255,000$201,50026.6%
Woodside241650%$254,750$192,45032.4%
Leland Grove1216-25%$246,500$190,35029.5%
Route 4/ Greenbriar Drive262313%$205,000$167,00022.8%
Route 4/ Wabash Avenue301957.9%$182,950$165,00010.9%
Mayden Road/ Dirkson Parkway12119.1%$161,000$124,00029.8%
Toronto/ University of Illinois at Springfield271758.8%$155,000$155,0000%
Route 4/ Washington Street432759.3%$155,000$134,00015.7%
Route 97/ Walnut Street62200%$116,450$34,000242.5%
Lincoln Avenue/ Fayette Avenue17166.3%$110,000$85,00029.4%
Stanton Street/ Stevenson Drive1723-26.1%$102,250$105,000-2.6%

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