Greetings, neighbors! In today’s report, some interesting news: it’s not just the moderately priced homes that have multiple offers and sell over asking price–as last month’s stats show, big spenders in Brookside are willing to spend way, way over the list price when they want a home. These are the sales figures for Brookside, using the main Brookside zip code of 64113, single family homes:
August 2021 August 2020
Median list price: $507,450 $417,500
Median sales price: $507,500 $440,000
Days on market: 3 3
No. homes sold: 30 38
Home values were up 15% compared to August 2020. The median sales price is high because eighteen homes sold at or over the list price, including at least two homes that sold for over $100K beyond the list price! The lowest closed price last month was $247,000.
Here are the year-to-date numbers:
Jan-Aug 2021 Jan-August 2020
Median list price: $467.748 $392,450
Median sales price: $482,763 $400,000
Days on market: 2 8
No. homes sold: 226 190
More homes have sold at this point in the year as compared to 2020, and overall, prices up 20%! Most homes go under contract within 48 hours of listing. I think as we get into the colder weather and even less inventory, prices may stabilize. Currently there are 26 homes listed in Brookside, with a median price of $535,000. Over half the homes are priced over $500K, including 5 that are over $1,000,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)