Brookside Home Sales Report-June 2020

We are halfway through 2020, and despite the ongoing pandemic, Brookside home values are up–and down. Looking at monthly comparison (June 2020 to June 2019), prices are higher. There was a dip in the YTD figures. Here are the details, checking single family home sales in the main Brookside zip code of 64113:

June 2020June 2019
Median list price: $424,900$369,000
Median sales price: $420,000$370,000
No. of homes sold: 2731
Days on market: 811
  

Last month, prices were up 13.5% over June 2019. Eleven homes listed at over $500,000 closed, and just a few less homes sold this year. Let’s take a look at the year-to-date numbers:

Jan-June 2020Jan-June 2019
Median list price: $379,000$395,000
Median sales price: $378,000$389,807
No. of homes sold: 119154
Days on market: 1028
  

Home values are down 3% compared to 2019. Note, however, during the first half of 20919 there were seven $1million+ homes that closed; this year just one so far. Also, 22% fewer homes sold but I think that’s because of COVID 19. Many sellers decided to delay, or not list during the usually busy spring season. We are seeing more homes hit the market now. Interest rates are so low –below 3%!–that I think sales in the $500K and under category could be very strong for the next few months.

Currently there are 30 active single family homes for sale in Brookside; 13 of those are priced over $1,000,000.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

 

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