Market Conditions for 53528 August 2017
Median Sale: $401,206
 (6.95%)
Homes for Sale: 21
 (-16.00%)
Homes Sold: 10
 (-41.17%)
Avg Days on Market: 41
 (-10.86%)
Median Sale Price
$401,206

 UP 6.95%
vs. Month Ago
Homes for Sale
21

 DOWN -16.00%
vs. Month Ago
Homes Sold
10

 DOWN -41.17%
vs. Month Ago
Avg Days on Market
41

 DOWN -10.86%
vs. Month Ago
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Median Sale Price

The median sale price for homes in August was $401,206. The median sales price for homes in August rose by $26,093 compared to last month. This represents a 6.95% increase from July. Compared to the same month last year, the median price of homes rose by $106,206 representing a 36% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.
Median Sale Price
$401,206
Homes for Sale
21
Homes for Sale

The inventory of homes for sale fell by 4 in August to 21. This represents 16% decrease from July when 25 homes were on the market. Compared to the same month last year when there were 33 homes for sale, the inventory of homes for sale has fallen by 12 representing a -36.36% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.
Homes Sold

The 10 homes sold in August was 7 less than in July. This represents a 41.17% decrease in sales from July. Compared to the same month last year, the number of homes sold increased by 3, a 42.85% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.
Homes Sold
10
Avg Days on Market
41
Avg Days on Market

The average days on market for a home sold in August (41) decreased by 5 days compared to July. This represents a 10.86% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 8, a 24.24% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.
Sale/List Price Ratio

The Sale/List Price Ratio of 96.9% in August rose by 0.52% compared to July and increased 2.08% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.
List/Sale Price Ratio
96.9%
New Homes
6
New Homes

The number of homes listed in August (6) fell by 5 compared to July, a 45.45% change. Compared to August 2016, the number of new listings remained level

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.
Median List Price

The median list price in August was $407,200. The median list price for homes in August rose by $62,300 compared to last month. This represents a 18.06% increase from July. Compared to the same month last year, the median list price of homes increased $122,750 representing a 43.15% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.
Median List Price
$407,200