Homebuyers are pushing prices up in Brookside; yet year to date, the median sales priced dipped from last year. What’s going on?? Let’s take a closer look at the numbers. I’m using the main Brookside zip code of 64113, single family home sales, for these stats:
| MAY 2024 | MAY 2023 | |
|---|---|---|
| Median list price: | $695,000 | $575,000 |
| Median sales price: | $725,000 | $582,000 |
| Days on market: | 3 | 2 |
| No. of homes sold: | 25 | 28 |
The closed sales price was way up– 24% compared to 2023; and most buyers still paying over list price by about 4%. There were 4 million dollar + sales last month; the lowest closed price was $380K and the highest was $3.350 million cash. Only five homes closed under $500K; because most Brookside homes that closed were well over $500K, the median sales price was pushed way up compared to last year. The number of homes changing owners remains consistent. Here are the YTD figures:
| JAN-MAY 2024 | JAN-MAY 2023 | |
|---|---|---|
| Median sales price: | $535,000 | $567,000 |
| Median list price: | $553,500 | $576,000 |
| Days on market: | 3 | 4 |
| No. of homes sold: | 91 | 91 |
So far this year, prices are down around 4% compared to 2023; yet again, most buyers are paying over the list price. We’ve had ten $1million + homes close this year. And consistently, most houses are under contract within a few days no matter what the price.
Currently there are 18 listed single family homes in Brookside, with a median list price of $587,500 and 25 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 