It’s crazy out there if you want to buy a home in Brookside for under $400K! I’m sure you’ve heard the stories from your home buyer friends–or seller friends, who receive multiple offers within a day of listing their home. Here are the May 2017 single family home sales stats for Brookside, using zip code 64113:
May 2017
Median List Price: $330,000
Median Sales Price: $339,500
Number of Homes Sold: 39
Days on Market: 4
The lowest closed price was $170K; the highest was a home near 55th and Ward Parkway–$3.2 million cash. You are reading those numbers correctly–median sales price is almost $40K over asking price. Out of the 39 homes that closed last month, 24 were at or above list price. I’ve seen closed prices as much as $25K over list price! Now let’s look at same period last year:
May 2016
Median List Price: $364,500
Median Sale Price: $360,500
Number of Homes Sold: 37
Days on Market: 43
The number of homes sold was about the same. Last year, median price was higher because more expensive homes closed in May 2106. Days on market was longer–that is typical for higher priced homes. The demand in Brookside right now is for homes priced $225K-$400K. Here are YTD figures:
Jan-May 2017
Median List Price: $374,947
Median Sales Price: $360,000
Number of Homes Sold: 118
Days on Market: 18
Jan-May 2016
Median List Price: $373,750
Median Sales Price: $367,950
Number of Homes Sold: 124
Days on Market: 41
As you can see, year to date the median sales price is well below median list price–but again, when the higher priced homes sell, there is usually more bargaining in the offer. It is the $350K and under homes that generally sell for at or over list price.
Currently there are 40 homes for sale in Brookside, with a median list price of $695,000. Thirty four of the 40 are listed over $400K.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 