Grandview home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Grandview, a Springfield neighborhood, fell by $28,500 while total sales decreased by 30%, according to

From July through September of 2020, there were seven homes sold, with a median sale price of $29,000 - a 49.6% decrease over the $57,500 median sale price for the same period of the previous year. There were 10 homes sold in Grandview in the third quarter of 2019.

The median sales tax in Grandview for the most recent year with available data, 2018, was $1,029, approximately 3.5% of the median home sale price for the third quarter of 2020.

The following table compares Grandview to other Springfield neighborhood with similar median sales prices in the third quarter of 2020:

NeighborhoodJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Stanford Avenue/ Fox Bridge Road14140%$51,500$43,75017.7%
Southern View812-33.3%$51,000$48,5005.2%
College Street/ Lawrence Avenue13130%$40,000$56,000-28.6%
Route 97/ 9th Street3250%$32,000$60,000-46.7%
Route 29/ Route 97912-25%$31,000$42,500-27.1%
Arlington Heights713-46.2%$26,000$56,500-54%
Cook Street/ 11th Street23-33.3%$25,000$4,500455.6%
16th Street/ Ash Street94125%$24,000$25,000-4%
Clear Lake Avenue/ 16th Street13-66.7%$18,000$30,000-40%
Edwards Street/ 11th Street31200%$16,000$49,500-67.7%

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