Brookside Home Sales Report – April 2016

We are in the peak of Spring home buying season…and I’m here to report demand is still very strong for our Brookside neighborhood.  Still not enough inventory for sale, especially in the $500K and less price catagory.  Here are the single family home sales stats for Brookside (zip code 64113) for last month, and comparisons to last year:

April 2016

Median list price:               $375,000

Median sales price:           $371,500

Average days on market:    41

Number of homes sold:       30

(Lowest sales price was $215,000;; highest sales price was $1.1 million.)

April 2015:

Median list price:                $389,900

Median sales price:            $380,000

Average days on  market:    31

Number of homes sold:        27

Now let’s check year to date figures:

2016    

Median list price:         $384,000

Median sales price:     $376,250

86 homes sold; average 38 days on market

2015

Median list price:         $327,000

Median sales price:     $322,500

72 homes sold; average 54 days on market        

You can see how fast prices are rising year-to-date compared to last year, plus the median price is going up.  When there aren’t many homes for sale, prices are pushed up and often there are multiple offers over asking price for new listings.  It is definitely a sellers’ market right now.

Currently, there are 40 active single family home listings in the Brookside zip code of 64113.  The median list price is $609,500!  That’s because over half–24–of the homes for sale are priced over $500K. The homes listed priced under $450K are generally under contract very fast. (All figures taken from Heartland MLS; deemed reliable but not guaranteed)

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