A new year brings a new batch of Brookside homes for sale! Although there are many buyers ready to buy today, we don’t have the inventory to match demand. January was a busy month for closings; let’s take a look at the numbers. I’m using the main Brookside zip code of 64113 for this report:
|January 2021||January 2020|
|Median list price: $399,000||$415,000|
|Median sales price: $432,000||$400,000|
|No. of homes sold: 13||7|
|Days on market: 6||44|
Home values are up over 8% compared to last January, and again, most homes that are going under contract sell at or over the list price.
Here’s a fun fact..as I write this blog, there are just six homes for sale in Brookside, with a median price of $2,645,000! Every home is priced well over $1,000,000! As we know, most buyers do not have the budget for a multi-million dollar home. This is the time when sellers are starting to prep their homes for sale, so we will have more inventory as the weeks go on and the weather warms up.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)