Halfway through the year, fewer homes in Brookside are selling, and prices have cooled somewhat. Yet most buyers still paying list price or above. What does this mean? I have some comments at the end of the blog; first let’s take a look at the stats. I’m using the main Brookside zip code of 64113 for the report:
| JUNE 2024 | JUNE 2023 | |
|---|---|---|
| Median list price: | $550,000 | $580,000 |
| Median sales price: | $567,500 | $593,250 |
| Days on market: | 2 | 2 |
| No. of homes sold: | 24 | 40 |
The lowest closed price last month was $395K and the highest was $1,235,000. Buyers paid about 3% over list price; yet home prices dropped 4.3% from a year ago–that’s practically a wash right there. Fewer homes changed owners as well.
Here are the year-to-date numbers:
| JAN-JUNE 2024 | JAN-JUNE 2023 | |
|---|---|---|
| Median list price: | $535,000 | $575,000 |
| Median sales price: | $553,500 | $578,500 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 115 | 130 |
The YTD stats reflect the monthly data for June: buyers paying around 3% over list price and home prices dropped 4%; homes are still selling within a few days of listing. In my opinion, the lower prices reflect the impact of higher interest rates–sellers more aware of pricing correctly and buyers more aware of their budgets. Fewer home sales indicate more owners prefer to stay put; those that do sell still have an eager pool of buyers wanting to purchase in the neighborhood.
Currently there are 24 single family homes for sale in Brookside, with a median list price of $691,000–a high number because the majority of homes are priced over $500K with 7 homes asking over $1,000,000. The lowest asking price is $350K and the highest is $8.5 million.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 