It is time again for our market review for real estate for the combined neighborhoods of Mcferrin Park, Cleveland Park, and Highland Heights. For the month of October, our combined neighborhoods saw 23 properties closed (same as last month but with a 39% DECREASE since this same time last year).
Our median list price per square foot was $305 and the median sales price per foot was $307. This means that most properties are closing out above the asking price with a quick 4 days on the market. There are currently 46 properties pending in our community.
The average sales price for the month of October was $525,274, representing a 25% increase over this same month last year.
Thanks again for checking in, see you again next month when we go overs November’s numbers. In the meantime, if you’re curious about the current value of your home please don’t hesitate to reach out. Also, if you’re looking to buy, let’s talk about your home shopping needs and pre-approval process to get you in the home you want.
Thanks so much!
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.