Route 29/ Route 97 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 Route 29/ Route 97, a Springfield neighborhood, fell by $11,500 while total sales decreased by 25%, according to

From July through September of 2020, there were nine homes sold, with a median sale price of $31,000 - a 27.1% decrease over the $42,500 median sale price for the same period of the previous year. There were 12 homes sold in Route 29/ Route 97 in the third quarter of 2019.

The median sales tax in Route 29/ Route 97 for the most recent year with available data, 2018, was $1,155, approximately 3.7% of the median home sale price for the third quarter of 2020.

The following table compares Route 29/ Route 97 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%

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