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Real Estate Prices Up, Sales Down in June

July 17, 2024 at 9:00 am mblagg1
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Real estate prices were up in June, compared to June 2023, but the number of sales was down.  This information and other data were released this week by the Heartland Association of Realtors.  Details below.

Median Price: $216,000 – up 22.7% vs. June 2023

Median Price per Square Foot:  $140.89, up 18.2%

Closed Sales:  33, down 15.4%

Active Listings:  212, up 27.7%

Months of Inventory:  6.1, up 1.7 months

Days on the Market:  68, down 9 days

Days to Close:  33, no change

Total Days:  101, down 9 days

Median Home Size:  1,599 square feet

Median Year Built:  1986

Closing Price/Original List Price:  92.3%

Price Distribution:

< $100,000:  12.5%

$100,000 – 199,999:  34.4%

$200,000 – 299,999:  25.0%

$300,000 – 399,999:  15.6%

$400,000 – 499,999:  3.1%

$500,000 and above:  9.4%

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