We are at the halfway point for home sales this year and it seems like buyers have adjusted to the higher interest rates and it’s …business as usual. As in, not enough inventory, buyers getting into bidding wars and paying over asking price. Home values have increased by double digits compared to last year. Here are the numbers…I’m checking single family home sales for the main Brookside zip code of 64113:
| june 2023 | june 2022 | |
|---|---|---|
| Median list price: | $580,000 | $459,550 |
| Median sales price: | $593,250 | $485,000 |
| Days on market: | 2 | 2 |
| No. of homes sold: | 40 | 26 |
Some interesting numbers here…first of all, there were 8 homes that closed last month over $1,000,000 and most of them sold for over the asking price. We had our highest sale of the year so far at $2,990,000 (cash!). Over 50% more homes closed and values up 22% compared to June 2022. The lowest closed price was $355,000.
Here are the year-to-date stats:
| jan-june 2023 | jan-june 2022 | |
|---|---|---|
| Median list price: | $575,000 | $489,250 |
| Median sales price: | $578,500 | $500,500 |
| Days on market: | 3 | 2 |
| No of homes sold: | 130 | 146 |
So far our home values are up 15% YTD, even though fewer homes have closed–still our neighborhood is in high demand. As you can see, the majority of buyers are paying list price or over. Currently there are just 13 homes for sale in zip 64113 and the median list price is…$1.3 million! That’s because there are seven of the 13 homes are priced over a million with the highest at $10,000,000. The lowest priced home for sale is $549,000. I just don’t see any slowdown in the demand for Brookside homes.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 