August 2021: Jerome experienced a 67.2% increase in median home prices

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The median sale price of a home sold in August 2021 in Jerome, a Springfield neighborhood, rose by $29,113 while total sales increased by 600%, according to BlockShopper.com.

In August 2021, there were 14 homes sold, with a median sale price of $72,450 - a 67.2% increase over the $43,338 median sale price for the same period of the previous year. There were two homes sold in Jerome in August 2020.

The median sales tax in Jerome for the most recent year with available data, 2019, was $1,738, approximately 2.4% of the median home sale price for August 2021.

The following table compares Jerome 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)
Route 97/ Walnut Street3250%$90,000$111,000-18.9%
Route 54/ Sangamon Ave.1013-23.1%$89,650$76,50017.2%
5th Street/ Griffiths Avenue30-$87,500$0-
College Street/ Lawrence Avenue35-40%$79,900$83,000-3.7%
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%

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