Waldo Home Sales Report-November 2024

Waldo home values took a bit of a tumble last month but don’t panic! Overall for the year–prices remain steady. Let’s take a look at the numbers; the street boundaries I am using for these stats are single family homes from State Line to Holmes and Gregory to 85th St:

november 2024november 2023
Median list price:$285,000$325,000
Median sales price:$289,900$335,000
Days on market:64
No. of homes sold:2327

Final sales prices dropped 13% compared to November 2023; yet you can see most buyers were paying a bit over the list price. The number of homes sold dropped slightly. The lowest closed price was $155,000 and the highest was $500,000. Here are the year-to-date numbers:

Jan-nov 2024jan-nov 2024
Median list price:$295,000$295,000
Median sales price:$300,000$300,000
Days on market:43
No. of homes sold:247249

These YTD numbers show us that Waldo home prices remain steady–just about identical to this time last year! That’s good news: still a desirable location for homebuyers and prices haven’t jumped or dropped dramatically. Currently there are 26 active single family homes for sale in Waldo with a median list price of $262,500 and 59 days on market.

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

Brookside Home Sales Report – November 2024

Last month, Brookside had it’s highest closed sales price for the year–over $5,000,000! Read on for the full breakdown of the stats. Higher interest rates have not slowed down home sales in our neighborhood-I think buyers have accepted that an above 6% rate is the norm now. Who knows what will happen next year? Let’s take a look at the numbers; I’m using the primary zip code of 64113 for these stats:

november 2024november 2023
Median list price: $530,000$515,000
Median sales price:$537,500$485,000
Days on market:113
No. of homes sold:2519

The lowest closed price last month was $315,000 and the highest was just under $5.8 million–cash purchase!! It was a house in the Sunset Hill area. Sales prices were up 10.8% compared to last November, and more homes closed. Below are the year-to-date numbers:

jan-nov 2024jan-nov 2023
Median list price:$549,950$550,000
Median sales price:$560,000$570,000
Days on market:33
No. of homes sold:245231

Overall, prices are down almost 2% for the year; 6% more homes have changed owners and — many buyers still paying over the list price. It’s difficult for me to type these words: the median price of a Brookside home is now over half a million dollars! But remember, there are no “formal” boundaries for Brookside; I use the 64113 zip code to check numbers, and the boundaries for 64113 are: 55th St to Gregory; State Line to Oak.

Currently there are 17 listings in Brookside, ranging in price from $329K-$4,950,000.

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

Waldo Home Sales Report – October 2024

The housing values in Waldo are up and down in this report; overall, though, prices remain fairly steady. These stats are taken from single family home sales in Waldo from State Line to Holmes and Gregory to 85th St:

october 2024october 2023
Median list price:$279,250$280,000
Median sales price:$272,500$305,000
No. of homes sold:263
Days on market:2019

Home values are down just about 12% compared to October 2023; and many buyers paid less than the asking price; that’s unusual. It could be that sellers overpriced their properties as you can see many homes sat on the market longer–almost a month. Yet I think the YTD numbers show the trends better:

jan-oct 2024jan-oct 2023
Median list price:$299,000$285,000
Median sales price:$305,300$290,000
No. of homes sold:222219
Days on market:33

Overall, prices are up just over 5% for the year, and about the same number of homes have changed ownership. Waldo seems to be a very stable market, with homes gaining in value. Many buyers are paying asking price or just over. This shows that Waldo remains a hot place for homebuyers! Currently there are 36 single family homes in Waldo for sale, with a median list price of $274,975 and 53 days on market.

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

Armour Hills Home Sales Report – October 2024

I’m starting off this blog with an unusual fact about October home sales in Armour Hills–last month only one home closed, at a price of $385,000, In October 2023, three homes closed with a median closed price of $465,000. Are home prices in Brookside dropping? The answer is yes. Let’s take a quick look at the year to date stats:

Jan-oct 2024jan-oct 2023
Median list price:$435,000$427,500
Median sales price:$444,750$450,500
Days on market:22
No. of homes sold:5260

The numbers are showing us here that prices dropped slightly, 1.2% compared to last year at this time; and 13% fewer homes sold. Still, many buyers paying over asking price. Currently there are 3 homes for sale in Armour Hills, with a median list price of $479,000 and 54 days on market–two of the three homes have been sitting for a while.

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

Brookside Home Sales Report-October 2024

You may have heard that home prices are falling nationally; and that is true of Brookside as well as we look at last months single home sales stats. Here are the numbers; using the main Brookside zip code of 64113:

october 2024october 2023
Median list price:$475,000$562,500
Median sales price:$477,500$570,000
Days on market:63
No. of homes sold:2220

Looks like home prices dropped by 16% compared to October 2023; about the same number of homes changed owners. Why the drop? Some sellers are likely pricing more conservatively because fewer buyers are in the market – although several homes did sell more than the asking price, one closed at $65K over! There were also six homes that had significant price drops as well, lowering the median sales price. The lowest closed price was $310,000 and the highest was $1.3 million. Here are the year-to-date numbers:

jan-oct 2024jan-oct 2023
Median list price:$549,975$554,500
Median sales price:$568,000$575,000
Days on market:33
No. of homes sold:220212

These YTD numbers show a slight reduction in the median price-down just over 1%; yet many buyers still paying over the list price by over 3%. If you are a home seller–pricing is crucial!! The numbers are encouraging in that most homes are selling quickly and Brookside remains a very desirable place for homebuyers. Currently there are 24 single family homes for sale in Brookside, with a median price of $760,000 and 44 days on the market. Eighteen of those listings are priced over $500K; half of those are over $1,000,000.

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

Armour Hills – Home Sales Report September 2024

Home values in Armour Hills dropped a bit compared to September 2023; they are holding steady for the year. Let’s take a look at the specifics:

september 2024september 2023
Median list price:$439,000$457,500
Median sales price:$450,000$478,750
Days on market:22
No. of homes sold:96

The median sales price dipped 6% compared to a year ago; a few more homes sold last month and you can see many buyers paying over the asking price. The highest closed price was $720,000 and the lowest was $305,000. Below are the year-to-date numbers:

jan-sept 2024jan-sept 2023
Median list price:$435,000$425,000
Median sales price:$447,000$450,.000
Days on market:22
No. of homes sold:5157

You can see the closed sales prices are very similar to last year at this time; and most Armour Hills homes are going under contract very quickly. Currently, there are three listings in Armour Hills, with a median list price of $525,000 and 30 days on the market.

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

Waldo Home Sales Report – September 2024

Waldo had a large jump in the median sales price last month compared to September 2023; likely because more of the higher priced houses in Waldo closed. Let’s take a look at the details; I’m using single family home sales in the area of State Line to Holmes and Gregory to 85th St for these stats:

september 2024september 2023
Median list price:$324,950$228,500
Median sales price:$310,000$234,000
Days on market:38
No. of homes sold:2718

The median sales price last month jumped 32% over last year; of the 27 homes that closed, six of them were over $400K–a higher price point for Waldo. The lowest closed price was $180,000 and the highest was $620,000. Below are the year-to-date numbers:

jan-sept 2024jan-sept 2023
Median list price:$299,450$289,900
Median sales price:$310,000$290,000
Days on market:33
No. of homes sold:228231

The number of homes changing owners have remained steady; home values are up almost 7% this year and buyers are still paying over list price for many homes. Currently there are 25 single family homes listed in Waldo, with a median list price of $275,000 and 24 days on market.

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

Brookside Home Sales Report-Sept 2024

Home sales in Brookside are not slowing down…last month, prices rose quite a bit compared to September 2023. Let’s take a look–using single family home sales in the main Brookside zip code of 64113:

september 2024september 2023
Median list price:$575,000$450,000
Median sales price:$585,000$471,000
Days on market:72
No. of homes sold:2313

There was a jump of 24% in the median sales price; partly driven by three $1,000,000 homes selling last month; the highest closed price was $1,070,000 and the lowest was $305,000. Below are the year-to-date numbers:

jan-sept 2024jan-sept 2023
Median list price:$550,000$554,000
Median sales price:$575,000$576,000
Days on market:33
No. of homes sold:198192

You can see the YTD stats are very similar to 2023..many homes selling for almost 5% over asking price and the number of homes changing owners remains steady. Currently there are 26 homes for sale in Brookside with a median list price of $629,000 and 47 days on market. Twenty of the homes for sale are priced over $500K; 9 are over $1,000,000.

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

Waldo Home Sales Report – August 2024

So we are a couple of days into October and just slipping in these August Waldo home sales stats–took a few days of vacation!! Anyway, several houses for sale in Waldo, with a wide range of prices–usually the ones that sit on the market for a while don’t sell right away due to price and/or condition. Home values remain strong! Here are the numbers:

august 2024august 2023
Median list price:$339,000$360,000
Median sales price:$342,000$375,000
Days on market:43
No. of homes sold:3228

Prices dropped 7.5% compared to last August, yet many buyers still paying over asking price–last month by just under 1%. The lowest closed price was $113,750 and the highest was $540,000. Here are the year-to-date stats:

jan-aug 2024jan-aug 2023
Median list price:$299,000$295,000
Median sales price:$304,750$300,000
Days on market:33
No. of homes sold:176187

Looking at the numbers for the year, home prices are down slightly compared to a year ago yet most houses are selling very close to the list price. There are 30 active single family homes for sale in Waldo, with a median price of $284,000 and 46 days on market. Prices range from $139K to $669,000 (that’s the new build on Main between 75th and 79th).

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

Armour Hills Home Sales Report – July 2024

The stats for Armour Hills in this report reflect what you may have heard is going on with the home buying market: fewer sales, prices dropping. Yet overall, Brookside home values are still holding strong! Let’s take a look at the numbers:

JULY 2024JULY 2023
Median list price:$425,000$425,000
Median sales price:$447,500$501,280
Days on market:82
No. of homes sold:615

Compared to July 2023, home prices were down about 12%, yet still most buyers paying over list price. Fewer homes sold last month as well. The lowest closed price was $400,000 and the highest was $535,000. Here are the year-to-date figures:

JAN-JULY 2024JAN-JULY 2023
Median list price:$432,122$425,000
Median sales price:$444,750$445,500
Days on market:22
No. of homes sold:3442

These YTD stats show us that Armour Hills home values are holding steady; the number of homes changing owners down a bit but most homes still go under contract quickly and often over list price. Currently there are 4 active listings, with a median list price of $382,500 and 44 days on market.

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