Brookside Home Sales Report-March 2022

The number of available homes for sale in Brookside keeps shrinking. New listings priced under $500K are barely on the market for 48 hours. And with rising interest rates, some potential sellers may decide to stay put instead of buying something else with a much higher monthly payment due to rising rates. So, let’s take a look at the numbers:

March 2022March 2021
Median list price:$481,000$427,400
Median sales price:$512,500$430,000
No. homes sold: 20 26
Days on market: 2 2

The lowest closed price last month was $276,000 and the highest was $1,075,000–and that was $25K over the list price! Prices are up 19% compared to March 2021.

Here are the year-to-date stats:

Jan-March 2022Jan-March 2021
Median list price:$500,000$400,000
Median sales price:$535,000$410,000
No. homes sold: 49 55
Days on market: 4 2

There have been five $1,000,000+ sales this year so far; 30 homes sold over $500K. Buyers regularly pay over asking price and values are up 30% over 2021. Currently there are only seven listings in the main Brookside zip code of 64113, and four of those homes are priced over $1,000,000..so the average list price is $1,099,000!

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