Brookside Home Sales Report-June 2022

Here we are at the halfway point of home sales this year…and my, how the market has changed since January! Primarily regarding the higher interest rate. There is still quite a bit of demand though, and prices are still rising. Let’s take a look at last month’s stats first for Brookside, using the primary zip code of 64113:

June 2022June 2021
Median list price:$459,950$482,000
Median sales price:$485,000$500,000
No. homes sold: 26 38
Days on market: 2 2

The highest sale last month (and so far for 2022) was $2.85 million, which was $101K over the list price! The lowest closed price was $340,000. Final sales prices were about 3% below last June.

Here’s a look at year-to-date numbers:

Jan-June 2022Jan-June 2021
Median list price:$489,250$470,250
Median sales price:$500,500$482,763
No. homes sold: 146 168
Days on market: 2 2

Overall, buyers are still paying just under 4% over the asking price; and home values are up 6.74% compared to the first half of 2021. We’ve had fewer sales this year; most Brookside houses are still going under contract within 48 hours of listing. Currently there are 14 active single family home listings in Brookside, with an average list price of $487,500 and nine days on the market. Prices range from $300K to $4,000,000.

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