Market Conditions for 53590 May 2018
Median Sale: $265,005
 (5.20%)
Homes for Sale: 184
 (21.05%)
Homes Sold: 71
 (33.96%)
Avg Days on Market: 31
 (-8.82%)
Median Sale Price
$265,005

 UP 5.20%
vs. Month Ago
Homes for Sale
184

 UP 21.05%
vs. Month Ago
Homes Sold
71

 UP 33.96%
vs. Month Ago
Avg Days on Market
31

 DOWN -8.82%
vs. Month Ago
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Median Sale Price

The median sale price for homes in May was $265,005. The median sales price for homes in May rose by $13,105 compared to last month. This represents a 5.2% increase from April. Compared to the same month last year, the median price of homes rose by $5,005 representing a 1.92% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.
Median Sale Price
$265,005
Homes for Sale
184
Homes for Sale

The inventory of homes for sale rose by 32 in May to 184. This represents 21.05% increase from April when 152 homes were on the market. Compared to the same month last year when there were 172 homes for sale, the inventory of homes for sale has risen by 12 representing a 6.97% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.
Homes Sold

The 71 homes sold in May was 18 more than in April. This represents a 33.96% increase in sales from April. Compared to the same month last year, the number of homes sold decreased by 18, a -20.22% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.
Homes Sold
71
Avg Days on Market
31
Avg Days on Market

The average days on market for a home sold in May (31) decreased by 3 days compared to April. This represents a 8.82% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 9, a 40.9% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.
Sale/List Price Ratio

The Sale/List Price Ratio of 100.06% in May fell by 0.08% compared to April and decreased 0.38% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.
List/Sale Price Ratio
100.06%
New Homes
108
New Homes

The number of homes listed in May (108) fell by 11 compared to April, a 9.24% change. Compared to May 2017, the number of new listings increased by 3, a 2.85% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.
Median List Price

The median list price in May was $262,450. The median list price for homes in May fell by ($26,450) compared to last month. This represents a 9.15% decrease from April. Compared to the same month last year, the median list price of homes decreased ($12,550) representing a -4.56% year-over-year decrease.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.
Median List Price
$262,450