Waldo (in Kansas City MO) Home Sales Report-June 2022

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

Halfway through the year for Waldo home sales and the stats are showing a bit of a slowdown to what we've been experiencing for the past several months: buyers are still paying over the asking price, and newly listed homes going under contract within 48 hours. Yet the number of units sold -- big drop. Here are the details for single family homes in Waldo; I use the street boundaries of Gregory to 85th St and State Line to Holmes:

 

  June 2022 June 2021
Median list price: $240,000 $255,000
Median sales price: $250,000 $270,000
No. of homes sold:    27    49
Days on market:     2     2

 

There was a 7.4% drop in median sales price compared to June 2021 and fewer homes sold. Part of the reason for this could be the interest rate hikes that started this Spring--that can have an affect on buyers' budgets. Here are the year-to-date numbers:

  Jan-June 2022 Jan-June 2021
Median list price: $250,000 $255,000
Median sales price: $275,000 $265,000
No. of homes sold:    149    195
Days on market:          2

This chart shows us the number of units closed is down 23% compared to last year, and prices are up 3.7%. Fewer units available for sale pushed the closed price higher as some houses are still experiencing multiple offers for the well maintained, well priced properties.

Currently there are 13 homes listed in Waldo, with a median list price of $314,900 and six days on the market.

(All stats 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

 

Comments (4)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Kansas City home buyers and sellers are sure to value your real estate market report, Mary.

Jul 27, 2022 05:38 AM
Pete Beeda
Keller Williams - Bolingbrook, IL

Great to know about MO, in Chicago same things hapenning. Rates have a huge impact on the market. As far as I remember the mortgage rates were at 2,5% in 2021 so they are doubled now. Here is the site where you can check all real time mortgage rats spikes https://fhalend.com/mortgage-rates 

Aug 02, 2022 11:50 PM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive week.

Aug 09, 2022 07:41 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Mary Hutchison, SRES, ABR - it has been a long time since I visited your AR Blog site and one thing that never changed is that you are an educator and someone who speaks the truth. Whether it is a buyer's market or seller's, you always have great advice. Thank you for your years of servicing in the Real Estate industry an providing good information here on ActiveRain. 

Aug 09, 2022 02:21 PM