Category Archives: Kansas City Home Sales Statistics

Brookside Home Sales Report-March 2023

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I have some interesting stats to report regarding Brookside single family home sales this month, as you will see in the charts below. The median sales price is up compared to last year; however it’s not higher than the median list price. Let’s take a look–I’m using the main Brookside zip code of 64113 for these numbers:

march 2023march 2022
Median list price:$657,000$481,000
Median sales price:$650,000$512,500
Days on market: 12 2
No. of homes sold: 16 20

Home values rose 26.8% compared to March 2022; note that buyers generally paid within 1% of the list price and many homes sat on the market a little longer (12 days compared to 2 days a year ago). Ten of the 16 homes that closed were priced over $500K; there were 4 million dollar plus sales. The highest was $1.45 million for the very contemporary house at 65th and State Line. Let’s take a look at year-to-date numbers:

jan-march 2023jan-march 2022
Median list price: $550,000 $500,000
Median sales price: $542,500 $535,000
Days on market: 19 4
No. of homes sold: 45 49

The numbers of homes sold is about the same; the bidding wars aren’t quite as strong this year as you can see with the median sales price being lower than the median list price. And some homes are sitting on the market longer. Currently there are 18 single family homes listed in Brookside, with a median sales price of $704,500 and 7 days on market. The median price is high because 1) six million dollar + homes are for sale and 2) only 5 of the 18 listings are priced under $500K.

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

Armour Hills Home Sales Report-February 2023

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You may have heard national news reports saying “home prices are falling”…just remember, all real estate is local and while that may be true in some areas, KC resale home prices are still pretty stable. You’ll see from the report below that Armour Hills properties have slipped compared to last year, but the priced right houses are still selling quickly.

february 2023february 2022
Median list price:$385,000$407,500
Median sales price:$400,000$395,000
No. of homes sold: 3 4
Days on market: 2 86

The median sales price was just a bit higher than February 2022, and the Feb 2023 sold price was over the median list price. The highest sale last month was $680,000 for an expanded, flipped home that was priced at $695K. Let’s look at the year-to-date numbers:

Jan-Feb 2023Jan-Feb 2022
Median list price: $367,450$415,000
Median sales price: $375,700$420,000
No. of homes sold: 6 7
Days on market: 4 17

You can see from this chart that buyers are usually paying list price or above; although prices are down about 10% over last year. So you can argue that “prices are falling” yet there is still a lot of demand because homes are selling fast and usually for over the asking price. It’s always changing!!! Currently there is one home for sale in Armour Hills, priced at $599,950 and 18 days on market.

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

Waldo Home Sales Report – February 2023

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Checking these Waldo home sales stats, here’s a synopsis: interest rates up, prices up, number of homes sold, down. There is still so much demand despite the higher interest rates that prices keep rising due to lack of inventory. Let’s look at the numbers:

february 2023february 2022
Median list price:$315,000$244,925
Median sales price:$302,000$253,000
No. of homes sold: 15 24
Days on market: 6 3

Last month, fewer homes sold than Feb 2022; yet prices are way up-that median sales price rose 19%. The lowest closed price was $137,400 and the highest was $415,000. Now let’s see the year-to-date figures:

Jan-Feb 2023Jan-Feb 2022
Median list price:$299,950$202,500
Median sales price:$299,450$237,000
No. of homes sold: 28 41
Days on market: 20 3

So far this year, 31% fewer homes have sold compared to the same time last year, and prices are up 28.7%. Currently there are 12 single family homes for sale in Waldo, with an average price of #332,500 and 7 days on market.

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

Brookside Home Sales Report-February 2023

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Brookside home sales last month were pretty consistent with a year ago; prices were up and a similar number of homes closed. Let’s look at the details; I’m using the main Brookside zip code of 64113 for these stats:

February 2023february 2022
Median list price:$650,000$550,350
Median sales price:$650,000$538,575
Days on market: 3 54
No. of homes sold: 13 16

Although the median sales price jumped way up, note that we had two million dollar plus sales last month, and so many homes in Brookside now are priced over $500K. The days on market were shorter; some houses sit on the market for weeks due to over-pricing, condition, etc. The lowest closed price last month was $265K and the highest was $1.5 million. Below are the year-to-date numbers:

Jan-Feb 2023Jan-Feb 2022
Median list price:$525,000$570,800
Median sales price:$530,000$550,000
Days on market: 43 46
No. of homes sold: 29 29

Although we have a lower median sales price compared to a year ago; many buyers are paying list price or above for homes. The same number of homes closed–interesting because in early 2022, interest rates were around 3%; today they are at least double that amount. Buyers are getting used to these rates and although it does affect what they can afford, they are just dealing with it.

Currently there are 13 homes for sale in Brookside, with a median price of $600K and 18 days on the market. Four of the 13 homes are over one million; over half the homes are priced over $500K.

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

Waldo Home Sales Report-January 2023

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We are just a couple of days into March…and I am a bit late posting these January stats for Waldo home sales. No surprise here–prices keep going up! These are the sales figures for single family homes, using the boundaries of Gregory to 85th St; State Line to Holmes:

january 2023january 2022
Median list price:$260,253$217,000
Median sales price:$249,875$215,000
Days on market: 33 4
No. of homes sold: 14 17

Home prices rose 16% compared to January 2022; and (some) homes are sitting on the market longer. Remember, a year ago, interest rates were around 3%. Still, that’s a pretty hefty increase in median sales price considering the interest rates have doubled. The lowest closed price was $152,500 and the highest was $470,000.

Currently there are 13 homes for sale in Waldo, with a median list price of $260,000 and 16 days on market.

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

Armour Hills Home Sales Report-January 2023

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The home sales stats for Armour Hills last month reflect how much the housing market has changed in just one year. Remember, one year ago, interest rates were around 3% and sales were soaring! Let’s take a look at the numbers for this 900+home Brookside subdivision:

January 2023january 2022
Median list price:$349,900$450,000
Median sales price:$351,400$475,000
Days on market: 92 3
Number of homes sold: 3 3

The median sales price dropped by 35% compared to one year ago! However, note that these stats reflect just three homes that closed. It’s worth looking at a few details, too. Just one home closed last month over the list price; the other two listings lingered on the market for several weeks as the list price dropped. The highest sold price was $565K, originally listed at $680K! The lowest closed price was $270,000.

Currently there are four listings for sale in Armour Hills, ranging in price from $335,000 to $715,000. The house priced at $715K (originally listed at $735K) was purchased in summer 2021 for about $50K over the list price (which was $649K)–so probably a bidding war. Now the price is $715K, less than two years later–and the market is very different now as interest rates doubled. There are still properties that command multiple offers–when they are priced at market value. It will be interesting to see what this property sells for.

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

Brookside Home Sales Report-January 2023

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It’s a new year of home sales stats and compared to a year ago, there was a dip in prices last month. However, keep in mind that in January 2022, interest rates were still around 3%; this year they have doubled. That has slowed down the market.

Let’s take a look at the numbers, using single family home sales in the main Brookside zip code of 64113:

January 2023January 2022
Median list price:$429,975$585,000
Median sold price:$430,075$585,000
No. of homes sold: 16 13
Days on market: 49 14

You can see there was quite a drop in the median sold price; yet most sales were very close to list price. And some of the homes that closed sat on the market for a while before getting under contract, which explains the longer days on market number. The lowest closed price last month was $230K and the highest was $2.75 million. There’s still a lack of inventory for buyers to consider and I think that will continue through the year.

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

Armour Hills December 2022 Home Sales Report and Year End Recap

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Another year of home sales in Armour Hills and I’m ready to report the specifics! Closed prices were off last month compared to December 2021; overall though, Armour Hills is still one of the most popular Brookside subdivisions for homebuyers! Let’s look at the specifics:

December 2022December 2021
Median list price:$385,000$394,950
Median sales price:$365,000$394,500
Days on market: 3 45
No. of homes sold: 9 3

The lowest closed price last month was $290,000 and the highest was $477,000. The median price was down 7% compared to a year ago. Below, let’s take a look at sales numbers from the past five years:

20222021202020192018
Median list price:$399,000$365,000$345,000$339,450$315,000
Median sales price:$427,000$380,000$344,000$340,000$315,000
Days on market: 3 3 7 21 9
No. of homes sold: 84 70 99 82 80

The trend is…higher prices! Since 2018, the median sales price for an Armour Hills house has risen 35%! Last year, buyers paid about 7% over the list price. The number of homes that changes owners each year is pretty consistent. This neighborhood is always one of the most popular for buyers looking in Brookside, and I don’t see that changing.

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

Waldo Home Sales Report-December 2022 and Year End Recap

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I have some interesting numbers to report regarding last month’s Waldo home sales stats; although home sales are traditionally slower in the last quarter of the year, prices were down compared to December 2021; usually there is an increase year over year. Let’s take a look at the details; as usual, I’m using the street boundaries of Gregory to 85th and State Line to Holmes for the numbers:

December 2022December 2021
Median list price:$240,000$255,000
Median sales price:$235,000$268,000
No. of homes sold: 18 35
Days on market: 25 10

Compared to a year ago, Waldo homes closed at 12% less than the median sales price in December 2021; also 50% fewer homes sold. The lowest closed price was $117,500 and the highest was $540,000. Note this year’s December list price was lower, which accounts for some of the median sales price drop. Overall, though, Waldo home values had a healthy increase overall last year; below are the stats, with a five year comparison.

20222021202020192018
Median list price:$264,900$249,975$223,000$220,000$200,000
Median sales price:$276,000$260,000$230,000$217,225$205,000
No. of homes sold: 300 412 377 362 381
Days on market: 3 3 4 10 19

You can see the chart indicates that most of the time, buyers are paying over the list price for Waldo homes by about 3-4%, although 27% fewer homes closed last year. And houses are continuing to go under contract quickly. From 2021-2022, Waldo homes gained 6% in value, and 34% since 2018. There is so much demand for housing that I don’t foresee prices drastically coming down in 2023. When I drive around Waldo, I see several new build homes going up–and brand new houses sell for quite a bit over $300K. The old saying is true: it’s all about location, location, location in real estate!

Thanks for reading my blog! Next month I’ll post January 2023 numbers. Here’s to a new year!

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

Brookside Home Sales Report-December 2022 and Year End Recap

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Another year of home buying in Brookside has come to a close…and even though our neighborhood is 100 years old, it remains quite popular! They don’t build houses like this anymore….

The first graph below outlines December 2022 single family home sales stats for Brookside (using the 64113 zip code); in the second graph, I’ve outlined sales for the past five years for comparison. Home values in Brookside…just keep rising!

December 2022December 2021
Median list price:$490,000$441,750
Median sales price:$501,000$436,750
Days on market: 15 4
No. of homes sold: 22 28

Last month, we had six homes sell for over $1,000,000- the top sales price was $1,395,000 (cash!) and the lowest was $290,000. Although some houses sat on the market a little longer, most buyers are paying at or over list price–even with higher interest rates. Now let’s look at the five year trend:

20222021202020192018
Median list price:$495,000$465,000$419,000$389,950$405,000
Median sales price:$500,000$475,000$417,000$380,000$397,000
Days on market: 3 3 8 23 18
No. of homes sold: 293 337 325 300 285

Home values in Brookside have risen just under 26% since 2018; the number of homes that turn over each year is fairly consistent. Fewer homes sold in 2022 than the past two years, most likely due to the rapid rise in interest rates and the persistent problem of not enough inventory.

As a Realtor, I am asked quite often: what’s happening with home sales? Here’s something that is always true: buyers want updated, well maintained homes that are priced at market value. The higher interest rates have affected some buyers’ purchasing power, but there is still a great demand for homes in the Brookside/Waldo neighborhood. Owning a home can be an excellent long term investment!