The median sale price of a home sold in the first half of 2020 in Lincoln Avenue/ Fayette Avenue, a Springfield neighborhood, fell by $20,500 while total sales decreased by 51.9%, according to BlockShopper.com.
From January through June of 2020, there were 13 homes sold, with a median sale price of $87,500 - a 19% decrease over the $108,000 median sale price for the same period of the previous year. There were 27 homes sold in Lincoln Avenue/ Fayette Avenue in the first half of 2019.
The median sales tax in Lincoln Avenue/ Fayette Avenue for the most recent year with available data, 2018, was $2,287, approximately 2.6% of the median home sale price for the first half of 2020.
The following table compares Lincoln Avenue/ Fayette Avenue to other Springfield neighborhood with similar median sales prices in the first half of 2020:
| Neighborhood | Jan. - June 2020 Home Sales | Jan. - June 2019 Home Sales | % change (Total Home Sales) | Jan. - June 2020 Median Sales Price | Jan. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Route 4/ Washington Street | 43 | 88 | -51.1% | $135,000 | $128,000 | 5.5% |
| Mayden Road/ Dirkson Parkway | 16 | 26 | -38.5% | $134,000 | $127,750 | 4.9% |
| College Street/ Ash Street | 39 | 63 | -38.1% | $95,000 | $85,000 | 11.8% |
| Route 54/ Sangamon Ave. | 45 | 94 | -52.1% | $88,500 | $73,250 | 20.8% |
| Devereux Heights | 9 | 11 | -18.2% | $88,000 | $81,500 | 8% |
| Lincoln Avenue/ Fayette Avenue | 13 | 27 | -51.9% | $87,500 | $108,000 | -19% |
| Jerome | 27 | 40 | -32.5% | $85,500 | $65,393 | 30.7% |
| Stanton Street/ Stevenson Drive | 29 | 48 | -39.6% | $83,500 | $88,329.71 | -5.5% |
| Glenwood Avenue/ Fayette Avenue | 30 | 34 | -11.8% | $77,250 | $93,750 | -17.6% |
| 5th Street/ Griffiths Avenue | 23 | 35 | -34.3% | $66,500 | $48,000 | 38.5% |
| Route 4/ Route 97 | 33 | 47 | -29.8% | $65,000 | $74,900 | -13.2% |
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