As we come to a close on a very active real estate market for Brookside…prices are continuing to rise as demand is still strong, particularly in the $400K and less price range. Here is the single family home sales report for Brookside (zip code 64113) for November 2016, and comparisons to last year:
Median list price: $350,000
Median sales price: $349,000
Average days on market: 35
Number of homes sold: 25
(Lowest sales price was $202,000; highest sales price was $750,000).
You can see that sellers are getting virtually the asking price during contract negotiations. Thirteen of the homes that closed last month were at or above asking price.
Median list price: $315,000
Median sales price: $312,000
Average days on market: 39
Number of homes sold: 19
Compared to November 2015, prices are up 11.68%. Part of that increase is due to lack of inventory–very often sellers will have multiple offers on homes that are updated and well maintained.
Now let’s check year to date figures:
2016, January to November
Median list price: $357,700
Median sales price: $352,500
303 homes sold; average 35 days on market.
2015, January to November
Median list price: $330,000
Median sales price: $325,000
315 homes sold; average 39 days on market
Home prices in Brookside are up 8.46% YTD.
Currently there are 37 active single family listings in the Brookside zip code of 64113. Just seven of those homes are priced at $400K or less. Ten homes are listed at $998,000 through $2,400,000.
(All information taken from Heartland MLS; deemed reliable but not guaranteed.)