Category Archives: Kansas City Home Sales Statistics

Waldo Home Sales Report – February 2024

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Interesting news for Waldo home sales in this report- prices are down! What’s that all about?? I’m thinking it’s a fluke; possibly some homes initially priced high and then negotiated down; or more of the less expensive homes in Waldo closed rather than the ones priced closer to $350-$500K. Let’s take a look at the numbers:

February 2024February 2023
Median list price:$275,000$322,500
Median sales price:$281,000$315,000
Days on market:67
No. of homes sold:1916

The median sales price was down 12% compared to February 2023. Of the 19 properties that closed, nine were at or above asking price so most were below asking. The lowest closed price was $135,000 and the highest was $445,000.

Here are the year-to-date stats:

Jan-Feb 2024Jan-Feb 2023
Median list price:$275,000$289,950
Median sales price:$281,000$299,450
Days on market:320
No. of homes sold:2930

Year to date, the median price is down 6.5% compared to a year ago; however, buyers still paying over asking price. About the same number of homes have sold. Currently there are 6 single family homes for sale in Waldo, with a median list price of $259,750.

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

Armour Hills Home Sales Report-February 2024

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Armour Homes home values continue to rise–quite a range in the sold prices for last month, due to many buyers going way over the list price. Here are the details:

february 2024february 2023
Median list price:$400,000$385,000
Median sales price:$410,000$400,000
Days on market:122
No. of homes sold:33

Home values in Armour Hills are up 2.5% compared to last February. The lowest closed sales price was $318,300 and the highest was $575,000! Here are the year-to-date numbers:

jan-feb 2024jan-feb 2023
Median list price:$400.000$367,450
Median sales price:$410,000$375,700
Days on market:54
No. of homes sold:76

And so far this year, Armour Hills home prices are up about 9%; properties are still selling within a few days of listing. As I post this blog, there are no homes listed in Armour HIlls. It is a very popular Brookside subdivision!

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

Brookside Home Sales Report – February 2024

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The busy Spring home buying market started early this year–every week I see more homes coming on the market and getting snatched up quickly! Home values in Brookside continue to climb-let’s take a look at the numbers. I’m reporting for the main Brookside zip code of 64113, single family home sales:

february 2024february 2023
Median list price: $638,000 $650,000
Median sales price: $630,000 $650,000
Days on market: 11 3
No. of homes sold: 11 13

Although the median sales price was down 3% compared to a year ago, most sellers last month closed close to asking price. There were three $1,000,000+ sales last month; the highest was $2,000,000 and the lowest was $318,000. Most homes sold well over $500K. Here are the year-to-date stats:

jan-feb 2024jan-feb 2023
Median list price: $515,000 $439,000
Median sales price: $515,000 $430,150
Days on market: 9 47
No. of homes sold: 27 17

Year-to-date, home values are up over 19% compared to 2023, and more homes are selling in a shorter amount of time. Part of the higher median price can be attributed to more higher priced homes selling–over half the homes that closed were over $500K, and we’ve had four multi-million dollar sales in the first two months of the year.

Currently there are just 10 homes listed in the 64113 zip code, with a median price of….$1,222,500 and 28 days on the market. None of the currently listed homes are under $500K; there are five priced over $1,000,000 with the highest list price at $8.5 million.

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

Armour Hills Home Sales Report – January 2024

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Home values in Armour Hills are rising fast..it just amazes me how much some of this homes sell for in bidding wars! I think demand will remain strong through the end of the year. Here’s a quick look at Armour Hills home sales stats for last month:

january 2024january 2023
Median list price:$425,000$349,900
Median sales price:$425,000$351,400
Days on market: 4 92
No. of homes sold: 4 3

Last month all but one home in Armour Hills sold at or above list price. Compared to a year ago, home values are up almost 21%!! The lowest closed price in January was $400K and the highest was $515,000. Currently there are just two homes for sale in Armour Hills, with a median price of $554,450.

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

Waldo Home Sales Report – January 2024

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It seems a little odd to be reporting January home sales stats when the temperature on this February day is in the 70s! I’m remembering the weeks of very frigid temps just last month. Grateful for the warm sunshine today! OK, getting down to business, here are the single family home sales stats for Waldo last month, using the boundaries of State Line to Holmes and Gregory to 85th St.

january 2024january 2023
Median list price: $285,000$260,253
Median sales price: $299,000$249,875
Days on market: 3 33
No. of homes sold: 11 14

Buyers paid about 5% over list price for their homes and values are up 19.6% over January 2023 numbers!! Homes are still selling within a couple days of going up for sale. The lowest sales price last month was $180,000 and the highest was $277,250.

Currently there are six single family homes listed in Waldo, with a median price of $262,250 and 40 days on market.

Brookside Home Sales Stats – January 2024

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And another year has begun; it was quite a month we had, with weeks of frigid temps, frozen pipes, Restaurant week and football playoff games – congratulations again Chiefs! Last year finished strong for Brookside home values, up 15% from 2022. All indications point to another busy buying season with bidding wars for the priced right properties. Let’s take a look at what happened last month; I’m tracking single family home sales in the main Brookside zip code of 64113:

january 2024january 2023
Median list price: $437,500 $429,975
Median sales price: $445,000 $430,075
Days on market: 4 49
No. of homes sold: 16 16

Already prices are up around 4% compared to a year ago. Last month the lowest sales price was $312,000 and the highest was $1.195 million. Currently there are 12 homes for sale in Brookside with a median list price of $924,950! The reason for that high number is this: only two homes are listed under $500K; and there are 5 listings over $1,000,000. Most buyers want an under $500K price tag.

If you are thinking of selling or buying in the Brookside/Waldo area–contact me for a market analysis. There are always people who want to sell and buy; making the perfect connection is what I do!

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.)