Home prices in Brookside jumped up compared to July 2023; overall, prices have slipped. The number of homes changing owners remains fairly steady. Let's take a look at the details; these stats reflect single family home sales in the main Brookside zip code of 64113:
| JULY 2024 | JULY 2023 | |
|---|---|---|
| Median list price: | $650,000 | $535,000 |
| Median sales price: | $650,000 | $570,000 |
| Days on market: | 2 | 2 |
| No. of homes sold: | 29 | 29 |
It's unusual that the median list price is exactly the same number as the median sales price; and consistently, most of homes that do go on the market sell fast. Compared to July 2023, prices jumped 14%! There were six million dollar plus homes that closed last month; the highest was $1,890,000 and the lowest sales price was $400,000. Here are the year to date stats:
| Jan-July 2024 | Jan-July 2023 | |
|---|---|---|
| Median list price: | $549,000 | $575,000 |
| Median sales price: | $566,000 | $577,000 |
| Days on market: | 3 | 3 |
| No. of homes sold: | 145 | 159 |
And here we have....many buyers paying over the list price, as reflected in the median sales price being 3% over the asking price. Yet, home prices are down just 2% from 2023. The drop in price is not drastic and because most moderately priced homes go under contract quickly--there is still a lot of demand for $500K and under homes. Currently there are 27 active listings in Brookside; the median asking price is $570,000 and 39 days on market. There are five homes priced over $1,000,000 and just 11 properties priced under $500K.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
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