August 2021: Route 4/ Route 97 experienced a 18.3% drop in median home prices

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The median sale price of a home sold in August 2021 in Route 4/ Route 97, a Springfield neighborhood, fell by $29,750 while total sales increased by 100%, according to

In August 2021, there were eight homes sold, with a median sale price of $133,250 - a 18.3% decrease over the $163,000 median sale price for the same period of the previous year. There were four homes sold in Route 4/ Route 97 in August 2020.

The median sales tax in Route 4/ Route 97 for the most recent year with available data, 2019, was $2,083, approximately 1.6% of the median home sale price for August 2021.

The following table compares Route 4/ 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)
Route 4/ Washington Street201266.7%$176,500$124,20042.1%
Leland Grove3250%$172,000$184,000-6.5%
Route 4/ Wabash Avenue73133.3%$169,900$123,00038.1%
Mayden Road/ Dirkson Parkway660%$152,500$155,000-1.6%
Toronto/ University of Illinois at Springfield880%$148,650$163,450-9.1%
Route 4/ Route 9784100%$133,250$163,000-18.3%
Lincoln Avenue/ Fayette Avenue4333.3%$129,950$122,0006.5%
Route 97/ 9th Street50-$110,000$0-
Glenwood Avenue/ Fayette Avenue84100%$106,950$92,50015.6%
Stanton Street/ Stevenson Drive78-12.5%$100,000$95,2505%
College Street/ Ash Street136116.7%$97,500$68,50042.3%

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