We all know this is a crazy housing market–not just in Kansas City, but across the USA. And the sales stats for last month in Brookside are nothing I’ve seen before–it is a stunning example of how little inventory we have and how fast homes are selling. I’m using the main Brookside zip code of 64113, single family homes–take a look:
May 2021 May 2020
Median list price: $480,000 $457,450
Median sales price: $480,000 $447,250
No. sold: 7 36
Days on market: 0 25
Just seven homes closed last month–compared to 36 in May 2020! And how can a house have zero days on market? That means the house wasn’t really listed on the open market–may have been a one time showing to a buyer who said “I’ll take it” or perhaps a For Sale By Owner property. Highly, highly unusual–especially during the usual busy Spring listing season.
Here are the year-to-date numbers:
Jan-May 2021 Jan-May 2020
Median list price: $434,000 $419,000
Median sales price: $450,500 $410,000
No. sold: 119 129
Days on market: 2 10
Home values are up 7% year to date with buyers paying about 3.8% over the list price. Most Brookside houses go under contract within two days. Currently there are thirteen single family homes for sale in zip code 64113 with a median list price of $569,900 and 24 days on market. Over half the homes are priced over $500,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)