Last month’s snow storms seem so far away, as Spring is here! I hear the birds chirping in the early morning hours–wake up everyone! Home prices aren’t falling like the snow did, interest rates creeping up like the tempertures–it’s going to be another hectic spring for homebuyers and sellers. Here are the stats for single family home sales in Brookside, using the main zip code of 64113:
|FEbruary 2022||February 2021|
|Median list price:||$550,350||$380,000|
|Median sales price:||$538,575||$392,350|
|No. homes sold:||16||16|
|Days on market:||54||2|
Last month there were two $1,000,000+ sales; one of those homes had sat on the market for almost a year. There were several homes that closed over $500K+ last month, so that accounts for the big jump in median sales price and longer days on market. Here are the year to date numbers:
|Jan-Feb 2022||Jan-FEb 2021|
|Median list price:||$570,800||$395,000|
|Median sales price:||$550,000||$397,200|
|No. homes sold:||29||29|
|Days on market:||46||3|
Just looking at the numbers, you could say home prices are up 38% over last year. But the several, higher closed sales prices in February pushed the median price up. The same number of homes sold; days on market longer as a few of the homes took a while to go under contract.
Currently there are just five homes for sale in Brookside’s zip code of 64113, at a median price of $1.1 million! Two of the homes are just over one million dollars; one is $4,000,000. Those new, moderately priced listings that go on the market every week are getting snapped up so fast in bidding wars. Hence, not enough inventory for buyers.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)