These things are true: sales of single family homes are slowing, and Brookside homes are generally defying the trend. Those sellers who have well maintained homes in a desirable location, and priced right–buyers are still out there, purchasing in Brookside! Let’s look at the numbers. I’m using the main Brookside zip code of 64113 for the report:
| October 2022 | October 2021 | |
|---|---|---|
| Median list price: | $584,475 | $485,000 |
| Median sales price: | $622,500 | $472,000 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 18 | 27 |
Last month, of the 18 homes that closed, four homes were over $1,000,000 and 12 closed over $500K. That accounts for the higher median sales price-31% over October 2021! As you can see, most buyers paid over the list price. Houses continue to go under contract within a few days. . Here are the year-to-numbers:
| Jan-Oct 2022 | Jan-Oct 2021 | |
|---|---|---|
| Median list price: | $499,000 | $475,000 |
| Median sales price: | $505,500 | $480,525 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 252 | 279 |
Comparing the YTD figures, Brookside home values are running 4.84% higher than last year even though less homes have sold. As interest rates have risen this year, some would-be sellers are sitting tight on their fixed low rates rather than have a new mortgage at a much higher price. Less inventory usually pushes prices up. Currently there are 19 homes for sale in Brookside, with a median list price of $525K and 38 days on the market. Four homes are priced over $1,000,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 