SaddleBrooke Residential Update, October 2024 Lynn Slaten Long Realty

This data is based on homes that sold and were for sale during the month of October, 2024.

For October, 2024, there were 21 homes sold, compared to 17 that were sold in September, 2024 (+24%) In October, 2023, there were only 13 homes sold.
  • -The median sales price for October, 2024 was $499,000, compared to $520,000 in September, 2024 (-4%). In October, 2023, the median sales price was $509,000.
  • -The median list price in October, 2024 was $499,000, compared to $535,000 in September, 2024 (-7%.)  In October, 2023, the median list price was $525,000.
  • -The list price to sales price in October, 2024 was 98%, compared to September, 2024 at 97%. In October, 2023, the list price to sales price was 98%.
  • -The numbers of homes sold year-to-date at the end of October, 2024 was 261, compared to 216 that sold at the end of October, 2023.
  • -There are currently 89 homes on the market. The median list price is $499,000. Average days on market increased to 67.
  • -There are currently 37 homes under contract. 19% of those sold over the original asking price.
There currently are 4.2 months of inventory, which represents a Sellers’ market.
During October, 2024, this inventory represents a mixed sales price market condition, as follows.
  • Sales From $300K to $400K = Seller’s Market
  • Sales From $400K to $500K = Buyer’s Market
  • Sales From $500K to $600K = Seller’s Market
  • Sales From $600K to $700K = Insufficient Number of Sales To Quantify
  • Sales From $700K to $800K = Seller’s Market
  • Sales From $800K to $900K = Insufficient Number of Sales to Quantify
  • Sales From $900K to $1M    = Seller’s Market
  • Sales in The $1M+ market = Seller’s Market
In our current marketplace (4.2 Months of Inventory = i.e., Sellers Market)
The Impact on Buyers is:
-Fewer Homes from which to Choose.
-Less Negotiating Power.
-Needs To Be Able To Close More Quickly.
-Could Spend More Than the Asking Price.
-Competition From Other Buyers.
The Impact on Sellers is:
-Home Sells More Quickly.
-Multiple Offers More Likely.
-Could Get More Than the Asking Price.
-Buyers Willing to Overlook Repairs

For more information on buying or selling your home, contact Lynn at 520-240-2866

 or by email ly***@lo********.com
www.soldonsaddlebrooke.com
Follow this link to see current SaddleBrooke listings:
Click to view listing(s)
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