Real estate sales data for July 2023 were recently released by the Heartland Association of Realtors.  While the number of houses sold was down compared to July 2022, the median sales price and the median price per square foot were both higher than one year ago.  Details below.

Median Sales Price:  $189,900 (up 11.7% vs. July 2022)

Median Price Per Square Foot:  $129.36 (up 6.3%)

Number of Closed Sales:  33 (down 44.1%)

Active Listings:  168 (up 47.4%)

Months of Inventory:  4.7 (1.9 month more than July 2022)

Median Home Size:  1,468 square feet

Median Year Built:  1981

Closing Price/Original List Price:  92.5%

Days on Market:  56 (37 days more than July 2022)

Days to Close:  31 (4 days fewer than July 2022)

Total Days on Market:  87 (33 days more than July 2022)

Sales Distribution by Price:

less than $100,000: 18.2%

$100,000 – 199,999:  39.4%

$200,000 – 299,999:  27.3%

$300,000 – 399,999:  6.1%

$400,000 – 499,999:  3.0%

$500,000 and above:  6.0%