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 2024 | october 2023 | |
|---|---|---|
| Median list price: | $475,000 | $562,500 |
| Median sales price: | $477,500 | $570,000 |
| Days on market: | 6 | 3 |
| No. of homes sold: | 22 | 20 |
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 2024 | jan-oct 2023 | |
|---|---|---|
| Median list price: | $549,975 | $554,500 |
| Median sales price: | $568,000 | $575,000 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 220 | 212 |
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.)
Inside Brookside (And Waldo) 