Brookside Home Sales Report – June 2024

Halfway through the year, fewer homes in Brookside are selling, and prices have cooled somewhat. Yet most buyers still paying list price or above. What does this mean? I have some comments at the end of the blog; first let’s take a look at the stats. I’m using the main Brookside zip code of 64113 for the report:

JUNE 2024JUNE 2023
Median list price:$550,000$580,000
Median sales price:$567,500$593,250
Days on market:22
No. of homes sold:2440

The lowest closed price last month was $395K and the highest was $1,235,000. Buyers paid about 3% over list price; yet home prices dropped 4.3% from a year ago–that’s practically a wash right there. Fewer homes changed owners as well.

Here are the year-to-date numbers:

JAN-JUNE 2024JAN-JUNE 2023
Median list price:$535,000$575,000
Median sales price:$553,500$578,500
Days on market:33
No. of homes sold:115130

The YTD stats reflect the monthly data for June: buyers paying around 3% over list price and home prices dropped 4%; homes are still selling within a few days of listing. In my opinion, the lower prices reflect the impact of higher interest rates–sellers more aware of pricing correctly and buyers more aware of their budgets. Fewer home sales indicate more owners prefer to stay put; those that do sell still have an eager pool of buyers wanting to purchase in the neighborhood.

Currently there are 24 single family homes for sale in Brookside, with a median list price of $691,000–a high number because the majority of homes are priced over $500K with 7 homes asking over $1,000,000. The lowest asking price is $350K and the highest is $8.5 million.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

Want To Buy A Brookside House? What To Know – Part Two

Main St porch

Everyone loves a Brookside front porch!

For today’s blog, let’s talk about the typical exterior and interior features of Brookside homes.  Even though these homes were built in the first few decades of the 1900s, they never seem to go out of style.  Interiors can be renovated and stripped of the original charm (ouch!) —but  newly built homes rarely match the strong durable materials used on the outside in the 1920s.  (There’s a reason you rarely see new homes built with brick–very expensive!) But like any house, both inside and outside need maintenance.  One of the attractions of our neighborhood is the various styles and details you see from block to block–it’s not a cookie cutter area where most homes look the same. 

Here’s a short list of the many exterior features of Brookside single family homes:

*Built with brick, stucco, and/or stone, sometimes accented with wood

*Steep peaked roofs (especially in the Tudor style)

*Wide, welcoming front porch

*Detached garage, or basement garage (some have attached garages)

*Sometimes a shared or easement driveway

*Tall trees on the lot with wide trunks, roots can push up sidewalks.

Walking around the inside of the house, you may find: 

*Hardwood floors

*Detailed crown moldings

*Arched doorways, small breakfast nooks, large dining rooms

*Original windows, sometimes with leaded and/or stained glass

*Smaller kitchen

*Fireplace, sometimes with elaborate stonework 

*Stone foundation basement

*Smaller backyard area

*Knob and tube electrical wiring (may be inactive)

*Leaky basements

*Uneven/sloping floors

*Small closets

*Laundry hookups in basement

Finally, here are common floorplans in Brookside:

*Two Story –all bedrooms on the second floor

*Bungalow—two bedrooms on first floor; one or two bedrooms on the second floor

*Ranch—all bedrooms and living space on main level

Because Brookside offers so many different styles of homes, often on the same block,  get familiar what’s offered and how it suits your lifestyle.  For example, if you prefer a smaller home and don’t cook much—a bungalow with a galley might fit your needs.  The two story floorplan typically has a larger kitchen and more living space on that main level due to all bedrooms on the second floor.  Take note of the way the home flows as you walk through–how does it make you feel?  Which floorplan best suits your furniture?  Some of these smaller bedrooms will not handle a king size bed!

Thanks for reading my blog — your suggestions are welcome regarding what topics to cover!

Armour Hills front porch

A front porch in the Armour HIlls subdivision of Brookside