Falling home prices in Route 29/ Route 97 in August 2021

Medium re 8

The median sale price of a home sold in August 2021 in Route 29/ Route 97, a Springfield neighborhood, fell by $15,250 while total sales increased by 200%, according to BlockShopper.com.

In August 2021, there were six homes sold, with a median sale price of $44,000 - a 25.7% decrease over the $59,250 median sale price for the same period of the previous year. There were two homes sold in Route 29/ Route 97 in August 2020.

The median sales tax in Route 29/ Route 97 for the most recent year with available data, 2019, was $1,250, approximately 2.8% of the median home sale price for August 2021.

The following table compares Route 29/ Route 97 to other Springfield neighborhood with similar median sale prices in August 2021:

NeighborhoodAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Arlington Heights102400%$77,000$60,95026.3%
Jerome142600%$72,450$43,337.5067.2%
4th Street/ Cook Street220%$70,437.50$58,50020.4%
Grandview6520%$58,500$28,756.47103.4%
Southern View10-$45,000$0-
Stanford Avenue/ Fox Bridge Road51400%$45,000$15,000200%
Route 29/ Route 9762200%$44,000$59,250-25.7%
16th Street/ Ash Street62200%$28,300$19,50045.1%
Ash Street/ Wirt Avenue5425%$27,500$11,750134%
Cook Street/ Wheeler Avenue31200%$17,500$99,900-82.5%
Cook Street/ 11th Street30-$4,500$0-

Blockshopper green logo