Here we are at the halfway point of home sales this year…and my, how the market has changed since January! Primarily regarding the higher interest rate. There is still quite a bit of demand though, and prices are still rising. Let’s take a look at last month’s stats first for Brookside, using the primary zip code of 64113:
| June 2022 | June 2021 | |
|---|---|---|
| Median list price: | $459,950 | $482,000 |
| Median sales price: | $485,000 | $500,000 |
| No. homes sold: | 26 | 38 |
| Days on market: | 2 | 2 |
The highest sale last month (and so far for 2022) was $2.85 million, which was $101K over the list price! The lowest closed price was $340,000. Final sales prices were about 3% below last June.
Here’s a look at year-to-date numbers:
| Jan-June 2022 | Jan-June 2021 | |
|---|---|---|
| Median list price: | $489,250 | $470,250 |
| Median sales price: | $500,500 | $482,763 |
| No. homes sold: | 146 | 168 |
| Days on market: | 2 | 2 |
Overall, buyers are still paying just under 4% over the asking price; and home values are up 6.74% compared to the first half of 2021. We’ve had fewer sales this year; most Brookside houses are still going under contract within 48 hours of listing. Currently there are 14 active single family home listings in Brookside, with an average list price of $487,500 and nine days on the market. Prices range from $300K to $4,000,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 