Tag Archives: brookside real estate agent

Brookside Home Sales Stats-March 2024

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As we head into the usually busy Spring home buying season, it’s interesting to note that overall, home prices are trending downward; however buyers are still paying over list price. That sentence…can seem confusing, especially if you are in the market as a buyer. Let’s take a look at the numbers; I’m tracking single family home sales in the main Brookside zip code of 64113:

March 2024March 2023
Median list price:$475,000$657,000
Median sales price:$520,000$650,000
Days on market:212
No. of homes sold:1716

Here we see that the number of homes sold remains steady, and buyers paid 9.5% over the asking price. Compared to March 2023 however, home prices are down 20%. Last month the lowest closed price was $260,000 and the highest was $1.3 million. Ten of the 17 homes sold were priced over $500K and two were over $1,000,000.

Here are the year-to-date trends:

JAN-March 2024JAN-March 2023
Median sales price:$510,000$550,000
Median list price:$517,500$542,500
Days on market:319
No. of homes sold:4445

These YTD numbers aren’t as drastic but still reflect the trend: about the same number of homes are changing owners; buyers pay over asking price (YTD about 1.5%) and values are down 4.6%.

Currently there are just 12 homes for sale in the 64113 zip code, with a median list price of $974,500. Only one home is priced under $500K and five have prices over $1,000,000. There is just not enough inventory at the under $500K price point and when there is–the home goes under contract within a day or two.

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

Brookside Home Sales Report – February 2024

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The busy Spring home buying market started early this year–every week I see more homes coming on the market and getting snatched up quickly! Home values in Brookside continue to climb-let’s take a look at the numbers. I’m reporting for the main Brookside zip code of 64113, single family home sales:

february 2024february 2023
Median list price: $638,000 $650,000
Median sales price: $630,000 $650,000
Days on market: 11 3
No. of homes sold: 11 13

Although the median sales price was down 3% compared to a year ago, most sellers last month closed close to asking price. There were three $1,000,000+ sales last month; the highest was $2,000,000 and the lowest was $318,000. Most homes sold well over $500K. Here are the year-to-date stats:

jan-feb 2024jan-feb 2023
Median list price: $515,000 $439,000
Median sales price: $515,000 $430,150
Days on market: 9 47
No. of homes sold: 27 17

Year-to-date, home values are up over 19% compared to 2023, and more homes are selling in a shorter amount of time. Part of the higher median price can be attributed to more higher priced homes selling–over half the homes that closed were over $500K, and we’ve had four multi-million dollar sales in the first two months of the year.

Currently there are just 10 homes listed in the 64113 zip code, with a median price of….$1,222,500 and 28 days on the market. None of the currently listed homes are under $500K; there are five priced over $1,000,000 with the highest list price at $8.5 million.

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

Brookside Home Sales Stats – January 2024

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And another year has begun; it was quite a month we had, with weeks of frigid temps, frozen pipes, Restaurant week and football playoff games – congratulations again Chiefs! Last year finished strong for Brookside home values, up 15% from 2022. All indications point to another busy buying season with bidding wars for the priced right properties. Let’s take a look at what happened last month; I’m tracking single family home sales in the main Brookside zip code of 64113:

january 2024january 2023
Median list price: $437,500 $429,975
Median sales price: $445,000 $430,075
Days on market: 4 49
No. of homes sold: 16 16

Already prices are up around 4% compared to a year ago. Last month the lowest sales price was $312,000 and the highest was $1.195 million. Currently there are 12 homes for sale in Brookside with a median list price of $924,950! The reason for that high number is this: only two homes are listed under $500K; and there are 5 listings over $1,000,000. Most buyers want an under $500K price tag.

If you are thinking of selling or buying in the Brookside/Waldo area–contact me for a market analysis. There are always people who want to sell and buy; making the perfect connection is what I do!

Brookside Home Sales Report – Oct 2023

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It’s the week of Thanksgiving 2023–lots to do!! And besides all the visiting, cooking, travel and general hoopla–remember to be grateful for this life…and your home. Now, on to the home sales stats for Brookside last month, using the main Brookside zip code of 64113:

october 2023october 2022
Median list price:$562,500$584,475
Median sales price:$570,000$622,500
No. of homes sold: 20 18
Days on market: 3 3

Last month buyers paid just over 1% of list price, and yet the median price was down 8.4% compared to October 2022. The lowest closed price was $425,000 and the highest was $1.6 million, which was $25K over the asking price! Year-to-date stats below:

Jan-Oct 2023jan-0ct 2022
Median list price:$554,500$497,000
Median sales price:$575,000$500,500
No. of homes sold: 212 254
Days on market: 3 3

So far this year, 16% fewer homes changed owners in Brookside; home values are up 14% YTD. There are 18 homes listed in Brookside, with a median price of $690K and 66 days on the market. Several of the multi million dollar homes have been sitting on the market a while, increasing overall days on market.

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

Brookside Home Sales Report-July 2023

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The higher interest rates don’t seem to be deterring homebuyers who want to call Brookside home; fewer homes closed last month but prices continue to climb over asking price–likely due to lack of inventory. Here are the stats for single family home sales in Brookside, using the zip code of 64113:

july 2023july 2022
Median list price:$535,000$540,000
Median sales price:$570,000$530,000
Days on market: 2 3
No. of homes sold: 29 35

Buyers paid about 6.5% over asking price and values up 7.5% compared to July 2022. The lowest closed sale was $335K and the highest was $3.5 million. There were three million dollar plus sales last month. Here are the year to date numbers:

jan-july 2023jan-july 2022
Median list price:$575,000$495.000
Median sales price:$577,000$505,500
Days on market: 3 2
No. of homes sold: 159 182

The number of homes sold dropped by 14% so far this year, and prices are up 14%. There are just 14 active single family homes listed in Brookside as of this writing, and the median price is $870,000–certainly not affordable for most buyers. Twelve listings are over $500K and 6 are over $1,000,000.

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

Brookside Home Sales Report – April 2023

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Home prices aren’t rising as drastically as they were; however the number of units sold is way down. Why? Here’s one reason: homeowners do not want to give up locked in low interest rates for a more expensive home with much higher interest rates. That means less inventory for buyers. Let’s take a look at the numbers; I’m using the primary zip code of 64113 for this report:

April 2023april 2022
Median list price:$519,000$479,950
Median sales price:$516,000$500,000
No. of homes sold: 17 35
Days on market: 3 2

Prices are up just over 3% compared to one year ago, and most buyers are paying slightly under list price. Notice the number of units sold–50% fewer than April 2022. Lack of inventory and higher interest rates contribute to fewer homes selling. Now let’s look at year-to-date figures:

January-april 2023january-april 2022
Median list price:$550,000$499,000
Median sales price:$537,250$529,250
No. of homes sold: 62 84
Days on market: 7 3

So far home values are up 1.5% compared to 2022. Most homes are still going under contract quickly and yes, there are still some bidding wars. Currently there are 12 single family homes for sale in Brookside, with a median list price of $789,450 and 31 days on the market. Most of the houses are priced well over $500K, including 4 over $1,000,000.

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

Brookside Home Sales Report-March 2023

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I have some interesting stats to report regarding Brookside single family home sales this month, as you will see in the charts below. The median sales price is up compared to last year; however it’s not higher than the median list price. Let’s take a look–I’m using the main Brookside zip code of 64113 for these numbers:

march 2023march 2022
Median list price:$657,000$481,000
Median sales price:$650,000$512,500
Days on market: 12 2
No. of homes sold: 16 20

Home values rose 26.8% compared to March 2022; note that buyers generally paid within 1% of the list price and many homes sat on the market a little longer (12 days compared to 2 days a year ago). Ten of the 16 homes that closed were priced over $500K; there were 4 million dollar plus sales. The highest was $1.45 million for the very contemporary house at 65th and State Line. Let’s take a look at year-to-date numbers:

jan-march 2023jan-march 2022
Median list price: $550,000 $500,000
Median sales price: $542,500 $535,000
Days on market: 19 4
No. of homes sold: 45 49

The numbers of homes sold is about the same; the bidding wars aren’t quite as strong this year as you can see with the median sales price being lower than the median list price. And some homes are sitting on the market longer. Currently there are 18 single family homes listed in Brookside, with a median sales price of $704,500 and 7 days on market. The median price is high because 1) six million dollar + homes are for sale and 2) only 5 of the 18 listings are priced under $500K.

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

Brookside Sip & Shop Today!

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Shoppers can’t get enough of Brookside! You may know about the fall Brookside Sip & Shop; due to it’s success, the Brookside Business Association added another event for Spring! And it looks like the weather will be pleasant for a leisurely stroll along 63rd St.

It’s happening tonight, March 30 from 5-7pm. Ditch the car and walk along 63rd St later today, stopping in the shops, taking advantage of special giveaways, deals and free drink samples! Make an evening of it and dine in one of the many restaurants in the area. Be sure to ask about any Sip & Shop specials! All are welcome.

Thank you for supporting our local Brookside merchants!

Brookside Home Sales Report-February 2023

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Brookside home sales last month were pretty consistent with a year ago; prices were up and a similar number of homes closed. Let’s look at the details; I’m using the main Brookside zip code of 64113 for these stats:

February 2023february 2022
Median list price:$650,000$550,350
Median sales price:$650,000$538,575
Days on market: 3 54
No. of homes sold: 13 16

Although the median sales price jumped way up, note that we had two million dollar plus sales last month, and so many homes in Brookside now are priced over $500K. The days on market were shorter; some houses sit on the market for weeks due to over-pricing, condition, etc. The lowest closed price last month was $265K and the highest was $1.5 million. Below are the year-to-date numbers:

Jan-Feb 2023Jan-Feb 2022
Median list price:$525,000$570,800
Median sales price:$530,000$550,000
Days on market: 43 46
No. of homes sold: 29 29

Although we have a lower median sales price compared to a year ago; many buyers are paying list price or above for homes. The same number of homes closed–interesting because in early 2022, interest rates were around 3%; today they are at least double that amount. Buyers are getting used to these rates and although it does affect what they can afford, they are just dealing with it.

Currently there are 13 homes for sale in Brookside, with a median price of $600K and 18 days on the market. Four of the 13 homes are over one million; over half the homes are priced over $500K.

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

Brookside Home Sales Report-December 2022 and Year End Recap

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Another year of home buying in Brookside has come to a close…and even though our neighborhood is 100 years old, it remains quite popular! They don’t build houses like this anymore….

The first graph below outlines December 2022 single family home sales stats for Brookside (using the 64113 zip code); in the second graph, I’ve outlined sales for the past five years for comparison. Home values in Brookside…just keep rising!

December 2022December 2021
Median list price:$490,000$441,750
Median sales price:$501,000$436,750
Days on market: 15 4
No. of homes sold: 22 28

Last month, we had six homes sell for over $1,000,000- the top sales price was $1,395,000 (cash!) and the lowest was $290,000. Although some houses sat on the market a little longer, most buyers are paying at or over list price–even with higher interest rates. Now let’s look at the five year trend:

20222021202020192018
Median list price:$495,000$465,000$419,000$389,950$405,000
Median sales price:$500,000$475,000$417,000$380,000$397,000
Days on market: 3 3 8 23 18
No. of homes sold: 293 337 325 300 285

Home values in Brookside have risen just under 26% since 2018; the number of homes that turn over each year is fairly consistent. Fewer homes sold in 2022 than the past two years, most likely due to the rapid rise in interest rates and the persistent problem of not enough inventory.

As a Realtor, I am asked quite often: what’s happening with home sales? Here’s something that is always true: buyers want updated, well maintained homes that are priced at market value. The higher interest rates have affected some buyers’ purchasing power, but there is still a great demand for homes in the Brookside/Waldo neighborhood. Owning a home can be an excellent long term investment!