The number of available homes for sale in Brookside keeps shrinking. New listings priced under $500K are barely on the market for 48 hours. And with rising interest rates, some potential sellers may decide to stay put instead of buying something else with a much higher monthly payment due to rising rates. So, let’s take a look at the numbers:
| March 2022 | March 2021 | |
|---|---|---|
| Median list price: | $481,000 | $427,400 |
| Median sales price: | $512,500 | $430,000 |
| No. homes sold: | 20 | 26 |
| Days on market: | 2 | 2 |
The lowest closed price last month was $276,000 and the highest was $1,075,000–and that was $25K over the list price! Prices are up 19% compared to March 2021.
Here are the year-to-date stats:
| Jan-March 2022 | Jan-March 2021 | |
|---|---|---|
| Median list price: | $500,000 | $400,000 |
| Median sales price: | $535,000 | $410,000 |
| No. homes sold: | 49 | 55 |
| Days on market: | 4 | 2 |
There have been five $1,000,000+ sales this year so far; 30 homes sold over $500K. Buyers regularly pay over asking price and values are up 30% over 2021. Currently there are only seven listings in the main Brookside zip code of 64113, and four of those homes are priced over $1,000,000..so the average list price is $1,099,000!
(All numbers taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 