Category Archives: Kansas City Home Sales Statistics

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.)

Waldo Home Sales Report August 2023

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It seems like there is no shortage of homebuyers for Waldo as prices keep rising and buyers are paying over sticker price. Let’s take a look at last month’s sales, using Waldo boundaries of State Line to Holmes; Gregory to 85th St:

August 2023august 2022
Median list price:$344,500$259,900
Median sales price:$370,000$270,000
Days on market: 3 3
No. of homes sold: 28 31

Look at the difference in the sales price compared to last year: up 37%!!! Buyers are paying over 7% of asking price and homes going under contract within a couple of days. The lowest closed price last month was $66,000 and highest was $537,500. Here are the year-to-date numbers:

jan-aug 2023jan-aug 2022
Median list price:$295,000$259,000
Media sales price:$297,450$278,000
Days on market: 3 3
No. of homes sold: 192 215

So far this year, the number of sold homes is down just under 12% compared to last year. Home values are up 6.9%. Currently there are 12 single family homes listed in Waldo, with a median price of $312,500 and 12 days on the market.

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

Brookside Home Sales Report-August 2023

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It’s the last week of September; I am a bit late posting these stats so let’s get going! These are the single family home sales for last month, using the main Brookside zip code of 64113 for the info:

August 2023august 2022
Median list price:$637,500$525,000
Median sales price:$645,000$510,000
Days on market: 2 4
No. of homes sold: 20 29

The lowest closed price last month was $350K and the highest was $1,240,000–which was $65,000 over the list price!!! The list price/sales price ratio difference wasn’t much, 1.75% however the closed price last month was up 26% over August 2022. Here are the year-to-date figures:

Jan-Aug 2023jan-aug 2022
Median list price:$575,000$499,000
Median sales price:$582,500$510,000
Days on market: 3 2
No. of homes sold: 179 210

So far this year, 17% fewer homes have sold in Brookside, yet prices are up 14%! And most buyers are paying over asking price. So far we’ve had 24 sales over $1,000,000. Currently there are 16 homes for sale in Brookside, with a median price of $912,000. Why such a high median price? Because 13 of the homes have a sticker price over $500K and 7 of those are over $1 million bucks.

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

Armour Hills Home Sales Report-July 2023

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Time to once again report home sales for Armour Hills, and the trend here follows Brookside and Waldo: homes sell quickly and often for over list price. Let’s take a look at the numbers:

july 2023july 2022
Median list price:$425,000$399,000
Median sales price:$451,000$410,000
No. of homes sold: 2 10
Days on market: 15 5

Final closed prices were 6% over list price last month, and values up 10% from July 2022. Interesting stat: the highest home sale was $720,000, which was $100,100 over the list price!! Here are the YTD figures:

jan-july 2023jan-july 2022
Median list price:$425,000$397,000
Median sales price:$445,000$419,000
No. of homes sold: 42 48
Days on market: 2 2

So far this year, Armour Hills home prices are running 6.3% over 2022; the number of homes changing owners is slightly down. Currently there is one listing in Armour Hills, on the market for 17 days at a price of $430,000. Contact me if you would like more specifics on home sales in our area–and enjoy our long holiday weekend!

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

Waldo Home Sales Report-July 2023

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You may have heard via national news that home sales are down this year–partially due to the higher interest rate. That is true for Waldo as well–at least according to last month’s stats. Let’s take a look; I’m using data for single family homes using the boundaries of State Line to Holmes, Gregory to 85th St.

july 2023july 2022
Median list price:$250,000$285,000
Median sales price:$270,000$303,000
Days on market: 2 3
No. of homes sold: 19 34

Most buyers are still paying over asking price; however prices last month dipped 12% from July 2022. Also, 44% fewer homes sold. Why? I think many first time buyers have dropped out of the market for now due to the higher interest rates. That’s one reason….their budget can’t stretch enough for what they want. The lowest closed price last month was $170K and the highest was $452K. Her are the YTD numbers:

jan-july 2023jan-july 2022
Median list price:$289,950 $259,000
Median sales price:$296,000 $278,000
Days on market: 3 3
No. of homes sold: 161 177

Looking at the year-to-date trend, home values are up almost 6.5% and 9% fewer homes have changed hands this year. Currently there are 8 single family homes for sale in Waldo, with a median price of $339,000.

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

Brookside Home Sales Report-July 2023

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The higher interest rates don’t seem to be deterring homebuyers who want to call Brookside home; fewer homes closed last month but prices continue to climb over asking price–likely due to lack of inventory. Here are the stats for single family home sales in Brookside, using the zip code of 64113:

july 2023july 2022
Median list price:$535,000$540,000
Median sales price:$570,000$530,000
Days on market: 2 3
No. of homes sold: 29 35

Buyers paid about 6.5% over asking price and values up 7.5% compared to July 2022. The lowest closed sale was $335K and the highest was $3.5 million. There were three million dollar plus sales last month. Here are the year to date numbers:

jan-july 2023jan-july 2022
Median list price:$575,000$495.000
Median sales price:$577,000$505,500
Days on market: 3 2
No. of homes sold: 159 182

The number of homes sold dropped by 14% so far this year, and prices are up 14%. There are just 14 active single family homes listed in Brookside as of this writing, and the median price is $870,000–certainly not affordable for most buyers. Twelve listings are over $500K and 6 are over $1,000,000.

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

Armour Hills Homes Sales Report- June 2023

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The home sales report for Armour Hills last month shows fewer homes closed yet prices still going up. Sound familiar? It’s happening city-wide this year. Let’s take a look at the details; I’m posting stats about Armour Hills, a large subdivision in Brookside:

june 2023june 2022
Median list price:$430,000$390,000
Median sales price:$476,250$430,000
Days on market: 2 2
No. of homes sold: 6 9

Last month buyers paid almost 11% over the asking price for Armour Hills properties, and 1/3 fewer homes closed. The lowest sales price was $425K and the highest was $541K.

Here are the year-to-date numbers:

jan-june 2023jan-june 2022
Median list price: $415,000$395,000
Median sales price: $436,000$420,000
Days on market: 2 2
No. of homes sold: 27 43

The YTD figures show us that home values in Armour Hills are up 3.8% so far, although fewer homes changed ownership. Buyers are paying an average of 5% over the list price. This is the halfway mark for 2023 sales in Armour Hills; the 3.8% increase is normal; fewer homes selling can be attributed to fewer people want to sell (and give up a low interest rate) and deciding to stay put for now.

Currently there are two homes for sale in Armour Hills, with a median list price of $402,500 and three days on market.

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

Waldo Home Sales Report – June 2023

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Waldo is experiencing double digit increases in home vales compared to last year–how long will this continue?? Certainly buyers cannot “wait for a deal” ; that’s a phrase I hear often as an agent! The best time to buy is when you are financially ready! Here are the stats for single family home sales in Waldo, using the boundaries of State Line to Holmes; Gregory to 85th St:

june 2023june 2022
Median list price:$329,000$240,000
Median sales price:$340,000$245,000
Days on market: 3 2
No. of homes sold: 37 28

Yes it’s the same story…most buyers paying over the asking price and homes going under contract within 48 hours. The median price for June 2023 was 33% over June 2022!! Lowest closed price last month was $140K and the highest was $457K. Here are the year-to-date numbers:

Jan-june 2023jan-june 2022
Median list price:$299,000$249,900
Median sales price:$300,000$269,500
Days on market: 4 3
No. of homes sold: 141 143

We are consistent in the number of homes closing YTD; values up 11% so far this year. It seems buyers have adjusted to the higher interest rates as there is still so much demand.

Currently there are 12 homes for sale in Waldo; two of these are new construction. The median sales price is $300,000 and 10 days on market.

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

Brookside Home Sales Report – June 2023

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We are at the halfway point for home sales this year and it seems like buyers have adjusted to the higher interest rates and it’s …business as usual. As in, not enough inventory, buyers getting into bidding wars and paying over asking price. Home values have increased by double digits compared to last year. Here are the numbers…I’m checking single family home sales for the main Brookside zip code of 64113:

june 2023june 2022
Median list price:$580,000$459,550
Median sales price:$593,250$485,000
Days on market: 2 2
No. of homes sold: 40 26

Some interesting numbers here…first of all, there were 8 homes that closed last month over $1,000,000 and most of them sold for over the asking price. We had our highest sale of the year so far at $2,990,000 (cash!). Over 50% more homes closed and values up 22% compared to June 2022. The lowest closed price was $355,000.

Here are the year-to-date stats:

jan-june 2023jan-june 2022
Median list price: $575,000 $489,250
Median sales price:$578,500 $500,500
Days on market: 3 2
No of homes sold: 130 146

So far our home values are up 15% YTD, even though fewer homes have closed–still our neighborhood is in high demand. As you can see, the majority of buyers are paying list price or over. Currently there are just 13 homes for sale in zip 64113 and the median list price is…$1.3 million! That’s because there are seven of the 13 homes are priced over a million with the highest at $10,000,000. The lowest priced home for sale is $549,000. I just don’t see any slowdown in the demand for Brookside homes.

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

Armour Hills Home Sales Report-May 2023

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I‘m a bit late posting these stats in early July…it’s a holiday week after all!! Home sales are still strong in Armour Hills; fewer homes sold compared to last year. Let’s take a look at the numbers:

May 2023may 2022
Median list price:$487,000$385,000
Median sales price:$526,000$429,000
Days on market: 3 2
No. of homes sold: 4 11

You can see that buyers paid list price or above on the closed sales in May; the lowest closed price was $376,500 and the highest was $575,000. Far fewer homes closed compared to May 2022; home values up 22%. Here are the year-to-date figures:

jan-may 2023jan-may 2022
Median list price:$395,000$397,000
Median sales price:$417,000$419,000
Days on market: 5 2
No. of homes sold: 21 34

Sales prices are consistent with last year, however 38% fewer homes have closed. Sellers can be reluctant to sell due to the record low interest rate on their mortgage and lack of inventory combined with higher prices. Still, buyers want to live in Armour Hills and most homes are under contract within just a few days of hitting the market.

As of today there are zero homes for sale in Armour Hills, that will change in a day or so! Fifteen homes are under contract, waiting to close.