Happy Summer Neighbors!
I am checking in with the real estate market states for May 2021 for our combined neighborhoods of Mcferrin Park, Cleveland Park, and Highland Heights.
The average property sales price has increased by $43k from May 2020 ($390,655) to May 2021 ($434,402).
For the month of May, our McFerrin Park, Cleveland Park, and Highland Heights saw a total of 24 homes change owners. That is significantly less than the 39 we saw in April. The median list price per square foot was $267 and that mirrored the median sales price per foot. Both of those numbers increased from the previous month.
The median days on market are down to two days. T-W-O days!
Our median time between contracting the sale to closing things out is 37 days with an average sales price to list price ratio of 100.82%. That last statistic means that houses on average are selling for 100.82% of their asking price.
There are currently seven options for properties if you’re looking to buy in In the neighborhood. The 67 pending properties represent 10 more than last month.
The average sales price for Mcferrin Park, Cleveland Park, and Highland Heights was $434,402.
Comparing May 2021 to May 2020, there are 7 active homes in inventory for purchase (May 2020 there were 31).
Home values in our area are at an all-time high. If you are considering options for that equity – moving up to a larger home, moving out of town, or investing – give me a call and we can discuss your options.
See you next month for real estate market statistics for Cleveland Park, McFerrin Park, and Highland Heights!
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.