We are in the peak of Spring home buying season...and I’m here to report demand is still very strong for our Brookside neighborhood. Still not enough inventory for sale, especially in the $500K and less price catagory. Here are the single family home sales stats for Brookside (zip code 64113) for last month, and comparisons to last year:
April 2016:
Median list price: $375,000
Median sales price: $371,500
Average days on market: 41
Number of homes sold: 30
(Lowest sales price was $215,000;; highest sales price was $1.1 million.)
April 2015:
Median list price: $389,900
Median sales price: $380,000
Average days on market: 31
Number of homes sold: 27
Now let’s check year to date figures:
2016:
Median list price: $384,000
Median sales price: $376,250
86 homes sold; average 38 days on market
2015:
Median list price: $327,000
Median sales price: $322,500
72 homes sold; average 54 days on market
You can see how fast prices are rising year-to-date compared to last year, plus the median price is going up. When there aren’t many homes for sale, prices are pushed up and often there are multiple offers over asking price for new listings. It is definitely a sellers’ market right now.
Currently, there are 40 active single family home listings in the Brookside zip code of 64113, with a median list price of $609,500. The median list price is high as over half of the listings are priced over $500K. Homes listed for $450K or less are generally selling right away. (All figures taken from Heartland MLS; deemed reliable but not guaranteed)
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