Brookside 2017 Home Sales Report

So how much have home values changed in Brookside since 2016? In the past five years?  I’ll give you the answers in this blog…but take a guess before reading if you like! Here’s a hint:  they have increased, not decreased.  First, we’ll start with December 2017 numbers; all figures based on the main Brookside zip code of 64113:

December 2017                                                          December 2016

Median list price:     $439,000                                 Median list price:    $335,000

Median sales price:  $442,000                                 Median sales price:  $329,248

No. of homes sold:     27                                            No. of homes sold:    20

Days on market:         29                                            Days on market:        36

In December 2017, eight homes sold at or over list price, and sixteen homes homes closed at over $400K.  Now let’s look at year end figures, with comparisons to the past five years:

2017                                                                                   2016

Median list price:       $395,000                                 Median list price:       $350,000

Median sales price:    $386,000                                 Median sales price:    $350,000

No. of homes sold:      296                                           No. of homes sold:       325

Days on market:            20                                            Days on market:            34

In one year, Brookside home values increased 10.2%. Fewer homes sold (not due to lack of demand; due to lack of inventory) and in a shorter amount of time.  (Of course home value depends on many factors, including location, condition, size, etc.) The lowest sales price in 2017 was $168,500 and the highest was $3.225 million.  

For reference, the 2015 median sales price was $329,000; 2014 was $306,500 and 2013 was $296,750.  In five years, homes have appreciated about 30%. 

I predict Brookside will have another strong year for home sales, with demand especially high in the $200,000-$350,000 price range.

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