Category Archives: Kansas City Home Sales Statistics

Waldo-Dec Home Sales Report and 5 Year Trend

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Buyers are continuing to find Waldo a desirable place to live, even with the interest rate hikes of last year. The number of homes changing owners was about the same as December 2022–but the values are way up. Let’s look at the stats:

december 2023december 2022
Median list price:$264,000$240,000
Median sales price:$262,500$235,000
No. of homes sold: 16  18
Days on market:  2  25

Last month buyers paid within 1% of the list price–that’s good to hear, we don’t need constant frivolous bidding wars, especially for first time buyers. Prices rose almost 12% compared to December 2022. The lowest closed price was $122,500 and the highest was $480,000. Below is a graph for the five year trend of Waldo single family home sales:

20232022202120202019
Median list price:$289,950$265,000$249,975$222,500$222,450
Median sales price:$296,000$275,000$260,000$229,900$217,475
No. of homes sold: 267  301  410 375  358
Days on market:  3  3  3 4  10

Waldo home prices rose 7.6% 2022-2023 and values are up 36% since 2019. You can see in this chart how inventory has fallen–25% fewer homes are selling because there are not enough homes to satisfy demand. With interest rates sliding down (however don’t expect 3 or 4% this year!), more buyers will try this spring to purchase, resigned to the higher rates compared to a couple of years ago. These trends show, Waldo homes are a very good investment for homebuyers! Contact me if you are interested in buying or selling in Waldo!

Brookside Dec Home Sales Stats and 5 Year Trends

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Happy 2023! This feels like a typical January–very cold weather and hoping Chiefs keep winning in the playoffs! Time to take a look at the December 2023 home sales figures, and the end of year/5 year trend recap as well. And the trend is… higher prices, less inventory. Typical! I’m tracking single family home sales in the main Brookside zip code of 64113:

december 2023december 2022
Median list price:$575,000$490,000
Median sales price:$575,000$501,000
No. of homes sold:  15  22
Days on market:  18  15

Sales prices were up 14% compared to December 2022; fewer homes changed owners and the days on market was about the same. The lowest closed price was $405,000 and the highest was just over $2.8 million. Below I’ve charted the five year trends:

20232022202120202019
Median list price:$550,000$492,450$459,950$419,000$389,950
Median sales price:$572,000$500,000$475,000$416,000$380,000
No. of homes sold:  246  294  338  326  301
Days on market:  3  3  3  8  23

These numbers tell us a few things:

*Home values up 14% from 2022-2023, up 50% since 2019.

*Homes are selling faster, and inventory continues to decline.

*For the past three years, most buyers pay list price or above.

Unless more homeowners are willing (or must) give up the lower interest rates for a move, prices will continue to rise due to a lack of inventory. As interest rates drop, more buyers will want to buy to take advantage of a lower payment. One thing is always consistent: the best time to buy a home is when you are financially able and ready for home ownership!

Waldo Home Sales Report-November 2023

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Here we go…into two weeks of holiday hoopla, multiple trips to the grocery store, airport runs, packing and unpacking, enjoying those special home cooked recipes and seeing the innocent joy of the season on every kid’s face. Is this too sentimental?? OK let’s get on with the show…below are single family home sales for Waldo last month; I use the street boundaries of State Line-Holmes and Gregory to 85th for the report:

november 2023november 2022
Median list price:  $315,000 $242,500
Median sales price:  $315,000  $257,000
Days on market:   3   4
No. of homes sold:   29   20

There are some interesting stats here; compared to Brookside, the number of homes sold increased compared to a year ago, and prices rose by 22%!! I suspect some buyers finally got used to the fact that interest rates are not going down to 3%, or even 5% anytime soon so they finally made a purchase. The lowest closed price was $70,000 and the highest was $525,000. Here are the year-to-date stats:

jan-nov 2023jan-nov 2022
Median list price: $295,000  $265,000
Median sales price:  $300,000  $278,000
Days on market:   3   3
No. of homes sold:  272  303

The trend for the year has been buyers paying a bit over the list price and prices increasing from last year. Still a lot of demand as you can see–most houses go under contract very quickly, within a few days. The number of homes closed decreased by 11%, due to interest rate hikes causing some buyers leaving the market.

Currently there are just 8 homes listed in Waldo, with a median price of $314,750 and 22 days on market.

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

Brookside Home Sales Stats-November 2023

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Such a busy time of year and I haven’t been posting as much as usual…there are a few new local businesses to highlight as well as the monthly home sales stats; however work and social events are crowding the calendar!! Will start with the Brookside home sales stats for last month and post Waldo/Armour Hills next week. Here we go!

november 2023november 2022
Median list price:$515,000$475,000
Median sales price:$485,000$472,500
Days on market: 3 8
No. of homes sold: 19 19

Compared to a year ago, the median sales price rose just over 2.5%; the same number of homes changed hands and it looks like sellers were in a bargaining mood to get properties sold before the holidays as buyers paid less than list price. The lowest closed sale last month was $300K and the highest was $2.399,000. Here are the year to date numbers:

jan-nov 2023jan-nov 2022
Median list price:$550,000$489,900
Median sales price:$570,000$500,000
Days on market: 3 3
No. of homes sold: 231 273

And the year to date trend is consistent…most buyers pay over list price, most homes go under contract quickly and fewer homes have sold (by 15% compared to 2022). Home values are up 14%. Currently there are 19 homes for sale in the 64113 Brookside zip code, with a median price of $550,000 and 74 days on market.

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

Waldo Home Sales Report-October 2023

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Well this month is certainly slipping away fast…as the last two months of the year usually do!! So I’d better get these Waldo home sales stats out–and here they are–single family home sales for Waldo last month, using the boundaries of State Line to Holmes, Gregory to 85th St:

october 2023october 2022
Median list price:$277,500$294,000
Median sales price:$294,000$290,000
Days on market: 3 13
No. of homes sold: 20 22

Waldo continues to be a strong market for sellers–you can see buyers paid about 6% over the list price last month; median sales price just a bit over 1% compared to October 2022. The lowest closed price was $180,000 and the highest was $405,000.

Here are the year-to-date numbers:

jan-oct 2023jan-oct 2022
Median list price:$280,000$267,000
Median sales price:$290,000$280,000
Days on market: 3 3
No. of homes sold: 221 258

So far this year, Waldo home values are up about 3.5%; and 14% fewer homes have sold. There are currently 12 active listings in Waldo, with a median price of $302,250 and 26 days on market.

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

Brookside Home Sales Report – Oct 2023

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It’s the week of Thanksgiving 2023–lots to do!! And besides all the visiting, cooking, travel and general hoopla–remember to be grateful for this life…and your home. Now, on to the home sales stats for Brookside last month, using the main Brookside zip code of 64113:

october 2023october 2022
Median list price:$562,500$584,475
Median sales price:$570,000$622,500
No. of homes sold: 20 18
Days on market: 3 3

Last month buyers paid just over 1% of list price, and yet the median price was down 8.4% compared to October 2022. The lowest closed price was $425,000 and the highest was $1.6 million, which was $25K over the asking price! Year-to-date stats below:

Jan-Oct 2023jan-0ct 2022
Median list price:$554,500$497,000
Median sales price:$575,000$500,500
No. of homes sold: 212 254
Days on market: 3 3

So far this year, 16% fewer homes changed owners in Brookside; home values are up 14% YTD. There are 18 homes listed in Brookside, with a median price of $690K and 66 days on the market. Several of the multi million dollar homes have been sitting on the market a while, increasing overall days on market.

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

Armour Hills Home Sales Report-September 2023

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The amount that some buyers will pay over the list price of a home continues to amaze me…last month in Armour Hills, one property closed at $61K over asking price!! Yep, prices continue to rise:

september 2023september 2022
Median list price: $457,500 $449,000
Median sales price: $478,750 $449,000
No. of homes sold: 6 7
Days on market: 2 28

Compared to September 2022, home values rose 6.6%. The lowest closed price last month was $360,000 and the highest was $610,000 ($61K over list price). Here are the year-to-date numbers:

Jan-sept 2023jan-sept 2022
Median list price: $425,000 $399,000
Median sales price: $450,000 $427,000
No. of homes sold: 57 62
Days on market: 2 2

As you can see, most buyers pay over asking price; so far this year almost 6% over! Prices are up 5.3% compared to 2022. Currently there are four homes for sale in Armour Hills, with a median price of $474,500 and 18 days on the market.

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

Waldo Home Sales Report – September 2023

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Waldo home sales last month actually fell from a year ago–the number of units and the median sales price. However year-to-date, prices up! Let’s take a look at the details here; I’m using the boundaries of State Line to Holmes and Gregory to 85th St for the stats, single family homes:

september 2023september 2022
Median list price:$228,500$289,000
Median sales price:$234,000$295,000
Days on market: 3 5
No. of homes sold: 16 29

The median sales price dropped 20% from September 2022 and half as many homes closed. Still, buyers are offering over asking price. The lowest sales price was $150,000 and the highest was $430,000. Below are the year-to-date numbers:

jan-sept 2023jan-sept 2022
Median list price:$285,000$264,000
Median sales price:$290,000$278,000
Days on market: 3 3
No. of homes sold: 201 237

These numbers show us that home values are up about 4.5% this year, and home sales in Waldo are down 15%–likely due to higher interest rates and fewer homes for sale. Currently there are 18 single family homes for sale in Waldo, with a median list price of $277,500 and 20 days on the market.

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

Brookside Home Sales Report – September 2023

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Prices going up, fewer homes are selling, that is the story for Brookside/Waldo home sales this year. Here are the stats for single family homes in Brookside last month, using sales in the main Brookside zip code of 64113:

september 2023september 2022
Median list price:$450,000$439,900
Median sales price:$471,000$437,900
Days on market: 2 19
No. of homes sold: 13 25

Just under 50% fewer homes sold last month compared to a year ago; prices up 7.5% and buyers still paying over asking price. This is the time of year when home sales typically slow down, however that’s a pretty steep drop in a year. The lowest closed sale was $360,000 and the highest was $808,000. Here are the year-to-date numbers:

jan-sept 2023jan-sept 2022
Median list price:$554,500$489,700
Median sales price:$576,000$500,000
Days on market: 3 3
No. of homes sold: 192 236

So far this year, home values up just over 15% and the number of homes sold is down 18%. Currently there are 21 active listings in Brookside, with a median price of $550,000 and 35 days on the market. The lowest price is $385K and the highest is $9.35 million.

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

Armour Hills Home Sales Report-August 2023

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Sales are strong and steady in Armour Hills, as usual. Last month, prices were up compared to a year ago but not buy much. Let’s take a look at the numbers:

august 2023august 2022
Median list price:$425,000$425,000
Median sales price:$430,000$425,000
No. of homes sold: 2 3
Days on market: 9 7

Compared to August 2022, home values were up just over 1% and a couple of more homes changed owners. Last month there were several homes that closed anywhere from $10K to $50K over the list price–still so much demand for our charming neighborhood! Here are the year-to-date stats:

jan-aug 2023jan-aug 2022
Median list price:$425,000$399,000
Median sales price:$441,000$420,000
No. of homes sold: 2 2
Days on market: 51 55

So far this year, prices are up 5% over 2022, and buyers are paying almost 4% over the list price. Just a few less sales compared to a year ago. Sales in Armour Hills are steady despite the 7%+ interest rates! Currently there is just one house for sale in Armour Hills, priced at $549,000 and 4 days on market.

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