Rising home prices in Jerome in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Jerome, a Springfield neighborhood, rose by $32,012 while total sales increased by 285.7%, according to BlockShopper.com.

From July through September of 2021, there were 27 homes sold, with a median sale price of $101,012 - a 46.4% increase over the $69,000 median sale price for the same period of the previous year. There were seven homes sold in Jerome in the third quarter of 2020.

The median sales tax in Jerome for the most recent year with available data, 2019, was $1,738, approximately 1.7% of the median home sale price for the third quarter of 2021.

The following table compares Jerome to other Springfield neighborhood with similar median sale prices in the third quarter of 2021:

NeighborhoodJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Stanton Street/ Stevenson Drive191618.8%$117,000$98,75018.5%
Lincoln Avenue/ Fayette Avenue187157.1%$115,000$122,000-5.7%
College Street/ Ash Street3712208.3%$107,900$87,70023%
Route 54/ Sangamon Ave.342347.8%$104,400$76,00037.4%
Glenwood Avenue/ Fayette Avenue211361.5%$103,000$119,900-14.1%
Route 4/ Route 97211540%$95,000$127,000-25.2%
Devereux Heights5425%$90,000$97,000-7.2%
5th Street/ Griffiths Avenue151050%$80,000$84,500-5.3%
College Street/ Lawrence Avenue913-30.8%$79,900$40,00099.8%
Route 97/ Walnut Street6450%$73,700$94,000-21.6%

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