Brookside (Kansas City MO) 2016 Home Sales Recap

By
Real Estate Agent with Better Homes and Gardens Real Estate-Kansas City Homes

If you know someone who bought or sold a house in Brookside last year...you probably heard stories of how ‘hot’ the market was.  Many homes sold for over list price; buyers often faced multiple offers on the same home. In this blog, we’ll look at the December 2016 home sales and a year end recap, with a comparison to the last few years as well.  Overall, median home prices continue to rise in Brookside! I’m using the main Brookside zip code of 64113 for this report, single family home sales.



December 2016 

Median list price:               $335,000

Median sales price:           $329,248

Average days on market:     36

Number of homes sold:        20

(Lowest sales price was $162,000; highest sales price was $770,000).

 

Seventeen of the twenty homes closed sold for under $450,000--that brings down the median price compared to one year ago (see below). Also, fewer homes sold in Dec 2016.

 

December  2015 

Median list price:                $350,000

Median sales price:            $341,000

Average days on  market:      28

Number of homes sold:          27

 

Compared to December 2015, prices are down a bit. In Dec 2016, seventeen of the twenty homes closed sold for under $450K and fewer homes sold. In Dec 2015, more higher priced houses sold.  

 

Now let’s check figures for 2016:

 

2016 

Median list price:         $352,500

Median sales price:     $350,000

324 homes sold; average 34 days on market.  The lowest sales price was $162,000 and the highest was $3,246,000.



2015

Median list price:         $333,750

Median sales price:     $327,500

342 homes sold; average 39 days on market      

 

Note that fewer homes sold in 2016--inventory was down, pushing prices up.  Also, sellers were getting within 1% of the list price!  Overall, median home prices in Brookside were up 6.8% compared to 2015.

 

For reference, here are median sales prices for the past few years as comparison:

 

2013:  $295,000  (307 homes sold)

2014:  $306,000  (290 homes sold)

2015:  $327,500  (342 homes sold)

2016:  $350,000  (324 homes sold)

 

Prices are up 18% in four years!  Although interest rates are on the rise, I predict there will be a strong demand for updated, well maintained homes in our area this spring, especially in the $400K and under price range.

 

Currently there are 24 active single family listings in the Brookside zip code of 64113.  Median list price is $755,000. 

 

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

 

Posted by

Mary Hutchison, SRES, ABR

(Brookside/Armour Hills resident, local business supporter, NPR fan, Habitat ReStore volunteer, thankful for the gift of another day!)

**********

Better Homes and Gardens Real Estate/Kansas City Homes

mary.hutchison@kansascityhomes.com

816 510 1262

www.maryhutchison.org

 

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Missouri Jackson County Kansas City Brookside
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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Mary, Great numbers for your area, and thanks for sharing with us here in the Rain.  Make it a great evening.

Jan 16, 2017 04:25 PM #1
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Rainmaker
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Mary Hutchison, SRES, ABR

Specializing in Brookside, Waldo, Prairie Village
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