As we get into the second half of the year…the home buying market starts slowing down. Sales have been strong this year in Brookside (list price under $450K); there is still demand, but most of the inventory is priced well over $500K. Here is the August 2017 Brookside single family home sales report, using stats from zip code 64113:
Aug 2017
Median list price: $376,500
Median sales price: $358,000
Number of homes sold: 24
Days on market: 37
The lowest closed price was $235,000 and the highest was $770,000.
Aug 2016
Median list price: $328,900
Median sales price: $322,000
Number of homes sold: 30
Days on market: 13
Sales prices are up 11% compared to last August. Checking year-to-date figures:
Jan-Aug 2017
Median list price: $379,995
Median sales price: $365,000
Number of homes sold: 209
Days on market: 19
Jan-Aug 2016
Median list price: $357,250
Median sales price: $351,500
Number of homes sold: 223
Days on market: 34
Year to date, home prices are up 3.8% and going under contract faster than 2016. Currently, there are 47 homes for sale in Brookside, with a median list price of $589,000. Over half of the homes on the market are listed over $500,000, pushing that median price way up.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)