What happened to the median home price in 4th Street/ Cook Street during January 2021?

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The median sale price of a home sold in January 2021 in 4th Street/ Cook Street, a Springfield neighborhood, rose by $49,299 while total sales decreased by 20%, according to BlockShopper.com.

In January 2021, there were four homes sold, with a median sale price of $76,500 - a 181.2% increase over the $27,201 median sale price for the same period of the previous year. There were five homes sold in 4th Street/ Cook Street in January 2020.

The median sales tax in 4th Street/ Cook Street for the most recent year with available data, 2019, was $1,495, approximately 2% of the median home sale price for January 2021.

The following table compares 4th Street/ Cook Street to other Springfield neighborhood with similar median sale prices in January 2021:

NeighborhoodJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
College Street/ Ash Street6450%$94,000$56,35066.8%
Route 97/ Walnut Street110%$88,500$87,0001.7%
Route 54/ Sangamon Ave.11683.3%$78,500$67,750.5015.9%
College Street/ Lawrence Avenue23-33.3%$76,500$72,0996.1%
4th Street/ Cook Street45-20%$76,500$27,201181.2%
Route 97/ 9th Street21100%$65,250$19,000243.4%
Ash Street/ Wirt Avenue24-50%$63,750$14,000355.4%
16th Street/ Ash Street330%$60,000$40,00050%
Southern View13-66.7%$50,000$50,0000%
Stanford Avenue/ Fox Bridge Road61500%$45,000$21,100113.3%

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