Brookside (in Kansas City MO) Home Sales Report-July 2022

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

We have some interesting home sales stats for this month's Brookside home sales report--a big increase in price compared to last year, but fewer homes sold. Let's take a look at the specifics; I am using the main Brookside zip code of 64113 for this info, single family homes:

 

  July 2022 July 2021
Median list price: $540,000 $434,500
Median sales price: $530,000 $460,000
Days on market:      3        3
No. homes sold:     35       28

 

Home values rose 15% compared to July 2021, yet many buyers ended up paying just under the list price last month--whereas last July, when interest rates were much lower, buyers were paying over asking price. Homes are still going under contract quickly--within a few days. Last month, four homes closed over $1,000,000; the highest closed sale was $1.7 million and the lowest sale was $310,000. Now let's look at the year-to-date numbers:

  Jan-July 2022 Jan-July 2021
Median list price: $495,000 $450,000
Median sales price: $510,000 $478,500
Days on market:       2     2
No. homes sold:      181    196

 

These figures show a 6.5% increase in home prices YTD compared to the same period in 2021; buyers paying about 3% over asking price. Fewer homes sold so far this year; this could be a result of the higher interest rates that started in the Spring. Currently there are 14 active single family homes for sale in Brookside, with an average list price of $429,950 and 20 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 (3)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your housing sales update with us. Buyers & sellers in your area would benefit from your services. Have a great day!

Aug 22, 2022 11:47 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Mary Hutchison, SRES, ABR - As a long time Instructor and REALTOR in the business, you have a calming effect on prospective buyers. Your marketing is very effective and clearly stated. Prospective buyers will be thrilled with your undivided attention to details and how you navigate them through the process. 

Sep 01, 2022 10:46 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Mary - one thing for sure is that you still have a strong sellers market with a little shift.

Sep 07, 2022 05:17 AM