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.)