We are halfway through the year and Brookside home sales continue to be very strong, especially in the under $500K price range. Inventory is generally lower than last year. Here is the single family home sales report for last month, and a YTD comparison for the main Brookside zip code of 64113:
June 2018 June 2017
Median list price: $ Median list price: $372,000
Median sales price: $ Median sales price: $367,500
No. of homes sold: 3 No. of homes sold: 40
Days on market: 19 Days on market: 20
The lowest closed sales price last month was $165,375 and the highest was $1.2 million.
Below is year-to-date comparisons:
Jan-June 2018 Jan-June 2017
Median list price: $399,900 Median list price: $375,000
Median sales price: $390,000 Median sales price: $360,000
No. of homes sold: 141 No. of homes sold: 157
Days on market: 14 Days on market: 20
The lowest sales price so far in 2018 was $168,500 and the highest was $1.6 million. Median home prices are up 8% compared to last year! Will prices drop the second half of the year, when sales traditionally slow down? We will see. There continues to be strong demand in the $400K and under price range, but most of the inventory is over $500K.
Currently there are 61 active single family home listings in Brookside, with a median price of $565,000 and 39 days on market. Half of those listings are priced over $500,000 and nine of those are over $1,000,000.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)