Hello, neighbors! I am checking in with our combined neighborhoods’ October 2022 real estate market statistics for McFerrin Park, Cleveland Park, and Highland Heights.
In October, we saw 8 homes close out in the MLS. This was a decrease from months prior and a significant decline from the 23 closed homes in October of last year.
The median list price per square foot was $315, and the median sales price per foot was $290
Homes are still selling quickly, with median days on the market of 3 days and a contract-to-close timeline is around 26 days.
The average sales price to list price ratio is a strong 98% – indicating that sellers are negotiating some – but are still accepting offers very close to the asking price.
At the time I am writing this, there are currently 32 active homes for sale in the neighborhood and 28 pending properties.
The average sales price for October was $574,625, representing an increase of 9% over the same month last year.
I hope you all have a restful holiday, and check back next month for more real estate news!
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.