Hi Neighbors! Our subdivision had a healthy increase in home values last year, with most properties going under contract within a couple of days. Prices will not be going down in 2022–that’s a pretty safe prediction! Here are the numbers:
|Median list price||365000||345000||339450||315000||314500|
|Median sales price||380000||344000||340000||315000||312500|
|Days on market||3||7||21||9||7|
|No. homes sold||70||99||82||80||93|
The increase in value from 2020 to 2021 was 10.4%, and the increase from 2017 to 2021 was 21.6%. I find it interesting that fewer homes sold; homeowners are staying put in our beautiful neighborhood! The highest sales price last year was a whopping $703,000, and the lowest was $212,000. Note most buyers are paying over list price.
The busy buying and selling season is just a few weeks away–if you plan to be a buyer / seller, now is the time to plan and plot strategy!
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)