The final month of 2022 stats are out for our combined neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights.
For December, we saw a total of 15 properties close. This was an increase from last month but a decrease of 50% in closings over this same month in the previous year (2021).
Our median list price per foot was $329, and our median sales price per foot was $335. These are the numbers that online evaluation tools use to guess the price of your home. Sq Ft x Median Sales Price per foot = guesstimate!
Our median days on market was 16, and the median contract to close was 30 days, creating an average sales price to list price ratio of 97.18%.
There are currently 25 active properties in the neighborhood available for purchase and 20 pending sales.
The average sales price for McFerrin Park, Cleveland Park, and Highland Heights for the month of December was $599,647!
We love to see it, and I would love to hear from you. Are you thinking of buying or selling this year? If so, call me before you decide to fix anything up around the home; I can help you figure out the return on investment for updates and renovations. Reach out to me at the contact info below; I’d love to chat, email, or text.
See you next month with the numbers for the first month of 2023!
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.