Brookside Home Sales Report – August 2022

The home sales market is balancing out a bit since interest rates keep rising…for only the second time this year, most closed sales prices are less than list price–meaning buyers have some negotiating power. Let’s take a look at the stats, using the main Brookside zip code of 64113 for this report:

August 2022August 2021
Median list price:$525,000$524,900
Median sales price:$510,000$510,000
Days on market: 4 3
No. of homes sold: 29 31

Comparing the numbers from August 2021, the list price and sales price are the same; in 2022, every month except August and February, most buyers were paying list price or over. Last month, the ratio from list to sales price dropped almost 3%. The highest closed sale last month was $1,287,000 and the lowest was $255,000. Below are the year-to-date numbers:

Jan-Aug 2022Jan-Aug 2021
Median list price:$499,000$469,995
Median sales price:$510,000$485,000
Days on market: 3 2
No. of homes sold: 209 227

Overall this year, buyers were paying about 2% over the list price; sales prices are up 5% over last year. Interest rates have doubled since the beginning of the year however the well priced, well maintained and updated homes are still selling quickly!

Currently there are 24 active single family homes listed in Brookside, ranging in price from $250K-$4,000,000. The median list price is $502,000; half the listings have prices over $500K.

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

Brookside Home Sales Report-Aug 2019

The peak spring and summer buying season is over, and as we get closer to the holidays, there will be fewer listings that pop on the market.  For Brookside, (using zip code 64113) last month’s stats were similar to a year ago–with higher median price.  Let’s break it down:

Aug 2019                                                               August 2018

Median list price:     $385,000                           Median list price:     $354,500

Median sales price:    $380,000                         Median sales price:    $338,750

No. of homes sold:       26                                  No. of homes sold:      28

Days on market:        26                                      Days on market:      22

The lowest closed sales price last month was $275,000 and the highest was $973,000.  Now let’s look at year-to-date stats:

Jan-Aug 2019                                                        Jan-Aug 2018

Median list price:     $389,950                           Median list price:     $399,900

Median sales price:   $380,000                          Median sales price:    $390,000

No. of homes sold:     217                                  No. of homes sold:      201

Days on market:        22                                      Days on market:        18

Prices are down 2.5% compared to same time last year; however I think that could be caused by more lower priced homes selling later in the year. Overall, I expect Brookside home values to be higher than 2018 at the end of the year.  Number of homes sold and days are market are running similar to 2018.

Currently there are 42 active listings in Brookside, with an average list price of $479,975 and 40 days on market. Prices range from $229,000 to just under $6 million.

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

 

Brookside Home Sales Report-June 2019

We are halfway through the year…how are Brookside home sales holding up compared to last year?  Sales are still strong and prices up.  Read on for details…I am using the main Brookside zip code of 64113 (State Line to Oak; 55th to Gregory) for these stats.

June 2019                                                           June 2018

Median list price:      $369,000                       Median list price:     $412,500

Median sales price:   $370,000                       Median sales price:  $397,000

No. of homes sold:       31                                 No. of homes sold:     40

Days on market:           11                               Days on market:           16

Median sales price was down almost 7% compared to last year…however, in June 2018 there were three million dollar sales (just one last month) and more homes sold.  Still, many sellers getting at or over asking price!  Here are the YTD figures:

Jan-June 2019                                                       Jan-June 2018

Median list price:      $395,000                          Median list price:       $399,450

Median sales price:    $389,807                         Median sales price:   $386,750

No. of homes sold:        154                                No. of homes sold:    144

Days on market:           28                                   Days on market:       14

Prices are a little higher than last year and sellers getting very close to asking price and more homes sold YTD.  Currently there are 41 active single family homes listed in Brookside, with a median list price of $424,950 and 62 days on market.

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

 

 

 

Brookside Home Sales Report-Jan 2019

Sold listings for Brookside last month were down compared to one year ago–could be due to the unusually cold and snowy winter we’ve had..or the lack of desirable inventory.  Here’s the stats, based on the main Brookside zip code of 64113:

January 2019                                                                    January 2018

Median list price:      $350,000                                   Median list price:     $399,900

Median sales price:   $339,000                                   Median sales price:    $376,000

No. of homes sold:        10                                          No. of homes sold:      17

Days on market :           81                                          Days on market:        41

The highest closed sale last month was $877,500; in January 2018 is was $1.6 million.  Median sales price was lower than one year ago because lesser priced homes sold than a year ago. 

Currently there are 32  single family homes for sale in Brookside, with a median list price of  $497,475 and 71 days on market. Twenty seven of these homes are priced over $400K. 

Brookside Home Sales Report – May 2018

Up, up, up….Brookside home values continue to rise in this busy spring/summer buying season.  There is always a lull around Memorial Day..still, due to lack of inventory, prices keep going up because there aren’t enough homes for sale to meet demand, particularly in the under $400K price category.  Here are the home sales stats for May 2018, using the main Brookside zip code of 64113:

May 2018                                                                              May 2017

Median list price:     $374,500                                     Median list price:    $332,500

Median sales price:  $383,500                                   Median sales price:  $341,500

No. of homes sold:      29                                               No. of homes sold:    40

Days on market:          9                                                 Days on market:        4

Homes are still selling in a very short amount of time after they are listed; and sellers are often paying over asking price, possibly due to bidding wars. The highest sale last month was $1.4 million, and the lowest was $221,000–which was $11K over the list price. 

Here are year-to-date stats:

Jan-May 2018                                                                        Jan-May 2017

Median list price:    $399,900                                       Median list price:      $379,995

Median sales price:  $383,500                                   Median sales price:   $360,000

No. of homes sold:      101                                               No. of homes sold:      119

Days on market:         10                                                   Days on market:          18

So far this year,  prices are running 6.5% over the same period last year–and selling quicker.  Currently there are 49 listed single family homes in Brookside, with a median price of $544,000 and 31 days on market. Just 17 of those homes are priced under $400,000.  The lowest list price is $229,000 and highest is $4.25 million.

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

Brookside Home Sales Report – April 2018

Another month of strong home sales for Brookside, as we are right in the middle of the busy Spring home buying season.  The strongest demand is for the under $300K price range, however most homes in Brookside’s  main zip code of 64113 are priced higher (and in fairness, these higher priced homes are much larger, justifying a higher price). Here are the stats, followed by YTD comparisons:

April 2018                                                                             April 2017

Median list price:     $409,000                                      Median list price:    $399,000

Median sales price:  $397,000                                      Median sales price:  $384,000

No. of homes sold:       21                                             No. of homes sold:    28

Days on market:           6                                               Days on market:       17

The lowest sales price last month was $221,000 (closed at $3K over list price) and the highest was $1.2 million.  

Jan-April 2018                                                                    Jan-April 2017

Median list price:        $404,900                                 Median list price:     $399,000

Median sales price:     $387,000                                 Median sales price:  $393,461

No. of homes sold:       72                                           No. of homes sold:     79

Days on market:           16                                           Days on market:       34

Year to date, median prices have decreased just under 2% from last year, however, part of that decrease is due to the fact the higher priced homes ($500K+) rarely sell for list price.  We’ve had four sales this year over $1 million.  Currently there are 47 active listings in 64113, with just 15 of those homes priced under $400K; highest list price is $4.5 million. Median list price is $535,000 and 33 days on market.

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

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.)

Brookside Home Sales Stats-Oct 2017

As we wind down toward the end of the year, home sales typically slow down.  Brookside home prices continue to beat 2016–it will be interesting to see exactly how much for the year  when I post final 2017 stats in January.  For now, here is the October 2017 single family home sales report for the Brookside zip code of 64113:

October 2017

Median list price:     $399,000

Median sales price:  $395,000

No. of homes sold:       25

Days on market:           32

The lowest closed sales price was $235,000 and the highest was $646,850.

October 2016

Median list price:      $329,975

Median sales price:   $324,975

No. of homes sold:       30

Days on market:           21

Year to date figures:

Jan-Oct 2017

Median list price:        $382,447

Median sales price:     $373,750

No. of homes sold:        256

Days on market:             18

Jan-Oct 2016

Median list price:       $352,500

Median sales price:    $350,000

No. of homes sold:        282

Days on  market:            34

Year-to-date, Brookside home prices are up 6.5% over 2016 and homes are selling faster.  Currently there are 38 active listings, with a median list price of $557,000 and 56 days on market.  Note that over half – 20 homes-are priced over $500,000 with seven of those at $1 million or higher.  

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

Brookside July 2017 Home Sales Report

Home prices continue to rise in Brookside; however the market is slowing down as is usual for the second half of the year.  There is still a shortage of inventory in the $250K-$350K price range..  Here is the July 2017 Brookside single family home sales report, using stats from zip code 64113:

July 2017

Median list price:        $394,975

Median sales price:    $392,500

Number of homes sold:    26

Days on market:                 10

The lowest closed price last month was $211,000.  There were two sales over $1 million, both cash sales. Highest sale in 64113 last month was $1.8 million.   Below are figures from July 2016:

July 2016

Median list price:        $329,900

Median sales price:    $340,000

Number of homes sold:   27

Days on market:               35

Checking year-to-date figures:

Jan-July 2017

Median list price:        $382,447

Median sales price:    $370,000

Number of homes sold:  186

Days on market:               17

Jan-July  2016

Median list price:         $368,450

Median sales price:     $362,500

Number of homes sold:   190

Days on market:                38

So far this year, we’ve had nine sales over $1,000,000; same period last year, there were eight.  

Prices are up about 2% overall this year compared to 2016.  Currently there are 49 homes for sale in Brookside; 29 of those are priced over $500K.  In the high demand price range of $250-$350K, three homes are on market. Median list price is $550,000.

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

Brookside Home Sales Report-June 2017

Here we are, midway through the year, and Brookside homes are still in strong demand for homebuyers, especially those under $500,000.  Let’s look at single family home sales in the Brookside zip code of 64113 for  the month of June 2017:

June 2017

Median list price:            $372,000

Median sales price:        $367,500

No. of homes sold:             40

Days on market:                 20

The lowest sales price was $168,500 and there were two sales over $1,000,000.  Checking last year stats:

June 2016

Median list price:            $344,250

Median sales price:         $342,000

No. of homes sold:              42

Days on market:                 37

Now let’s look at year to date figures:

Jan-June 2017

Median list price:             $375,000

Median sales price:          $360,000

No. of homes sold:             159

Days on market:                 18

Jan-June 2016

Median list price:            $369,000

Median sales price:         $364,500

No. of  homes sold:            166

Days on market:                 41

Technically, the year to date figures show a slight decrease in the median price compared to one year ago but that hasn’t been the usual pattern this year. Prices are generally higher than 2016.  Note the June comparisons show a 7.4% price increase compared to same time last year.  The demand is for homes priced below $500K, especially the $250-$400 range.

Currently there are 42 homes for sale in the Brookside zip code of 64113. However, the median list price is $612,450.  Over half – 25 homes – are priced over $500,000.  The higher priced homes sit on the market longer and push up the median price. The lowest priced home is $210,000 and the highest is $2.5 million.

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