Halfway through the year, and home prices continue their upward trend in Brookside. Low inventory and plenty of demand can create a bidding war for new listings priced under $400K.  Here are the single family home sales stats for Brookside (zip code 64113) for last month, and comparisons to last year:

June 2016:

Median list price:               $349,000

Median sales price:           $349,000

Average days on market:    42

Number of homes sold:       41

(Lowest sales price was $183,000; highest sales price was $2 million.)

It’s important to note that of the 41 homes that closed in June, 22 (just over half!) sold at or above list price.

June 2015:

Median list price:                $325,000

Median sales price:            $325,000

Average days on  market:    31

Number of homes sold:        56

Now let’s check year to date figures:

2016:    

Median list price:         $369,000

Median sales price:     $365,000

165 homes sold; average 41 days on market

2015:

Median list price:         $325,000

Median sales price:     $330,000

175 homes sold; average 41 days on market      

You can see that fewer homes are selling due to a lack of desirable inventory, especially at the $400K or below price point.  Sellers who price their homes at market value often find competing offers within the first couple of days of listing.  Traditionally, home sales start to decline in the second half of the year…we will see if that trend continues for the rest of 2016.  

Currently there are 48 active single family listings in the Brookside zip code of 64113; just twelve of those homes are priced at or below $400,000.  So, the median list price is high:  $664,500 and 65 days on market.

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