Lincoln Avenue/ Fayette Avenue home prices fall in the first half of 2020

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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

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:

NeighborhoodJan. - June 2020 Home SalesJan. - June 2019 Home Sales% change (Total Home Sales)Jan. - June 2020 Median Sales PriceJan. - June 2019 Median Sales Price% change (Median Sales Price)
Route 4/ Washington Street4388-51.1%$135,000$128,0005.5%
Mayden Road/ Dirkson Parkway1626-38.5%$134,000$127,7504.9%
College Street/ Ash Street3963-38.1%$95,000$85,00011.8%
Route 54/ Sangamon Ave.4594-52.1%$88,500$73,25020.8%
Devereux Heights911-18.2%$88,000$81,5008%
Lincoln Avenue/ Fayette Avenue1327-51.9%$87,500$108,000-19%
Stanton Street/ Stevenson Drive2948-39.6%$83,500$88,329.71-5.5%
Glenwood Avenue/ Fayette Avenue3034-11.8%$77,250$93,750-17.6%
5th Street/ Griffiths Avenue2335-34.3%$66,500$48,00038.5%
Route 4/ Route 973347-29.8%$65,000$74,900-13.2%

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