Home values in Brookside are rising up like Spring daffodils! The demand for homes in our neighborhood shows no sign of slowing down. In addition, listings are way behind what they would normally be for this time of year. Multiple offers are the norm for just about any homes priced under $500,000. Here are the numbers for single family home sales, using the main Brookside zip code of 64113:
|February 2021||February 2020|
|Median list price: $380,000||$359,975|
|Median sales price: $392,350||$354,500|
|No. of homes sold: 16||16|
|Days on market: 2||35|
Looking at those numbers, we see the same number of houses closed; listed homes went under contract in about 48 hours. Buyers were paying an average of 3.25% over the list price, and sold prices up over 10% compared to last February. Here are the YTD numbers:
|Jan-Feb 2021||Jan-Feb 2020|
|Median list price: $395,000||$369,900|
|Median sales price: $397,200||$370,000|
|No. of homes sold: 29||23|
|Days on market: 3||44|
So far this year, values are running 7% over 2020. More homes have sold; and properties are going under contract in just a couple of days. It’s going to be a long ride for homebuyers this year….don’t give up! As for sellers, this is the time to get top dollar for your home if it’s priced competatively!
Currently there are just 8 active listings in Brookside, with a median list price of over $1,000,000. That’s because half of the listings are over the million dollar mark, including two homes, one priced just under $5.5 million and another $7.2 million. Days on market is 74, as those high dollar properties tend to sit on the market longer.
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(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)