Your equity dashboard

The biggest change this year

Seven homes sold in the past twelve months and nine the year before. With a $600,000 acreage and a $32,500 bungalow among just sixteen sales, a single year's median says more about which homes traded than about values. Every figure on this card uses the full 24 months: 16 sales, a median of $181,750, and a market where the typical home takes about eight weeks to sell.

Where the supply is — and isn't

Sold counts cover 24 months; months of supply is measured against that two-year pace. Three homes are for sale and nothing is under contract. Nothing is listed between $100,000 and $200,000, where four of the sixteen sales closed.

Three things worth knowing

1. 1Two markets at very different prices. In-town homes built from 1970 onward sold at a median $249,000; those built before 1970 sold at a median $69,900, and five of the twelve in-town sales were older homes under $175,000. The three acreage sales, at a median $405,000, sit above everything in town.
2. 2Buyers take their time and negotiate. Eight of the sixteen sales needed 60 days or more, the median was 57 days and the average 70, and the median home sold for 93.3% of its asking price. One of the three homes for sale today has been on the market for more than three months.
3. 3Listings that miss on price come back. Eight listings expired or were terminated over two years against sixteen that sold — one in three. They sat a median of 91 days before coming off. The two homes that relisted and eventually sold did so at a median 96.3% of their last asking price, after a median 214 cumulative days.