The busy spring home buying season is here and buyers are hungry for fresh listings, especially those priced at $350K or less. Let’s take a look at the Brookside home sales report for March 2018, using the main Brookside zip code of 64113:
March 2018 March 2017
Median list price: $429,000 Median list price: $395,000
Median sales price: $394,000 Median sales price: $395,000
No. of homes sold: 23 No. of homes sold: 23
Days on market: 14 Days on market: 34
Notice the median sales price is virtually the same as a year ago, and number of homes sold is the same. Homes this year went under contract in a shorter amount of time–just two weeks. The lowest sales price last month was $255,000 and the highest was $1.1 million.
Year to date figures below:
Jan-March 2018 Jan-March 2017
Median list price: $387,450 Median list price: $397,000
Median sales price: $373,000 Median sales price: $394,000
No. of homes sold: 52 No. of homes sold: 50
Days on market: 25 Days on market: 37
Although the median sales price is lower YTD this year compared to last, I don’t think that signals an overall slump in sales prices. We have such a wide range of prices in Brookside–I think the lower median number reflects more ‘lower’ priced homes selling, and that’s where the demand is (not for $500K and over). Also, note the trend of more homes closing and going under contract in a shorter amount of time compared to 2017 YTD.
Currently there are 33 active listings in zip code 64113. The median list price is $529,950 and 33 days on market. Prices range from $$249,000 up to $2.89 million. Sixteen homes are priced over $500K.
(All information taken from Heartland MLS; deemed reliable but not guaranteed.)