January 2021: Route 4/ Wabash Avenue experienced a 10.3% drop in median home prices

Medium realestate3

The median sale price of a home sold in January 2021 in Route 4/ Wabash Avenue, a Springfield neighborhood, fell by $15,390 while total sales decreased by 16.7%, according to BlockShopper.com.

In January 2021, there were five homes sold, with a median sale price of $134,110 - a 10.3% decrease over the $149,500 median sale price for the same period of the previous year. There were six homes sold in Route 4/ Wabash Avenue in January 2020.

The median sales tax in Route 4/ Wabash Avenue for the most recent year with available data, 2019, was $3,626, approximately 2.7% of the median home sale price for January 2021.

The following table compares Route 4/ Wabash Avenue 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)
Route 4/ Greenbriar Drive440%$152,500$175,000-12.9%
Toronto/ University of Illinois at Springfield550%$150,000$149,5000.3%
Route 4/ Washington Street47-42.9%$145,500$118,20023.1%
Stanton Street/ Stevenson Drive16-83.3%$136,000$74,077.5083.6%
Route 4/ Wabash Avenue56-16.7%$134,110$149,500-10.3%
Devereux Heights12-50%$125,000$163,500-23.5%
Mayden Road/ Dirkson Parkway21100%$111,450$82,50035.1%
Glenwood Avenue/ Fayette Avenue48-50%$111,200$68,50062.3%
Lincoln Avenue/ Fayette Avenue31200%$105,900$47,500122.9%
Route 4/ Route 9725-60%$98,450$68,50043.7%

Blockshopper green logo