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.)
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