Up, up, up....Brookside home values continue to rise in this busy spring/summer buying season. There is always a lull around Memorial Day..still, due to lack of inventory, prices keep going up because there aren't enough homes for sale to meet demand, particularly in the under $400K price category. Here are the home sales stats for May 2018, using the main Brookside zip code of 64113:
May 2018 May 2017
Median list price: $374,500 Median list price: $332,500
Median sales price: $383,500 Median sales price: $341,500
No. of homes sold: 29 No. of homes sold: 40
Days on market: 9 Days on market: 4
Homes are still selling in a very short amount of time after they are listed; and sellers are often paying over asking price, possibly due to bidding wars. The highest sale last month was $1.4 million, and the lowest was $221,000--which was $11K over the list price.
Here are year-to-date stats:
Jan-May 2018 Jan-May 2017
Median list price: $399,900 Median list price: $379,995
Median sales price: $383,500 Median sales price: $360,000
No. of homes sold: 101 No. of homes sold: 119
Days on market: 10 Days on market: 18
So far this year, prices are running 6.5% over the same period last year--and selling quicker. Currently there are 49 single family homes listed, with a median price of $544,000 and 31 days on market. The majority of the homes for sale have a sticker price over $400K.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)