Market Conditions for 53589 August 2017
Median Sale: $249,900
 (6.34%)
Homes for Sale: 71
 (7.57%)
Homes Sold: 37
 (-2.63%)
Avg Days on Market: 51
 (104.00%)
Median Sale Price
$249,900

 UP 6.34%
vs. Month Ago
Homes for Sale
71

 UP 7.57%
vs. Month Ago
Homes Sold
37

 DOWN -2.63%
vs. Month Ago
Avg Days on Market
51

 UP 104.00%
vs. Month Ago
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Median Sale Price

The median sale price for homes in August was $249,900. The median sales price for homes in August rose by $14,900 compared to last month. This represents a 6.34% increase from July. Compared to the same month last year, the median price of homes rose by $59,900 representing a 31.52% 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
$249,900
Homes for Sale
71
Homes for Sale

The inventory of homes for sale rose by 5 in August to 71. This represents 7.57% increase from July when 66 homes were on the market. Compared to the same month last year when there were 66 homes for sale, the inventory of homes for sale has risen by 5 representing a 7.57% 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 37 homes sold in August was 1 less than in July. This represents a 2.63% decrease in sales from July. Compared to the same month last year, the number of homes sold increased by 14, a 60.86% 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
37
Avg Days on Market
51
Avg Days on Market

The average days on market for a home sold in August (51) increased by 26 days compared to July. This represents a 104% increase 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 9, a 21.42% 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 95.34% in August fell by 5.83% compared to July and decreased 2.13% 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
95.34%
New Homes
37
New Homes

The number of homes listed in August (37) fell by 1 compared to July, a 2.63% change. Compared to August 2016, the number of new listings increased by 14, a 60.86% year-over-year change.

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 $237,900. The median list price for homes in August fell by ($32,050) compared to last month. This represents a 11.87% decrease from July. Compared to the same month last year, the median list price of homes decreased ($7,000) representing a -2.85% year-over-year decrease.

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
$237,900