Antelope Housing Market Data from February 2022
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Median Housing Market Data
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Active listings in Antelope are extremely low. 10 in January and 16 in February (in green below). These numbers should start to increase as we head into the prime housing market time.
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Only 28 homes in Antelope sold in February. Looking back at January which had 40 sold. These numbers are in blue below.
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Of the homes pending in February, 88% had more than one offer. In January the pending were 79%.
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The homes that sold in February, 79% had multiple offers. In January 60% of the sold homes had more than one offer.
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Looking back at last year’s offers. In February last year the sold homes had 71% had more than one offer. In January last year the sold properties had 73% with more than one offer.
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Antelope home prices are up 11%. This is comparing February sold this year to February last year.
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If you are thinking about purchasing a home. Remember interest rates are on the rise. Making your monthly payment higher.
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Don’t what to purchase a home thinking you will get a better deal if housing prices drop. Even if the home prices drop some you could have a larger monthly payment with a higher interest rate.
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An example would be. Say you have a 30-year loan for $500k with a 3% interest rate. Your monthly mortgage payment would be about $2108.
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Say you wait and the housing market drops some. Say to $450k but now the interest rates are at 4%. Your monthly mortgage payment would be about $2148.
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Forty dollars a month more at 30 years comes out to $14,400 more paid in interest.
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Zillow has many homes on the market currently. Most are well overpriced. These can make a great target for buyers providing you have a plan. Deals are still out there.
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For those that don’t know Zillow overpaid for home purchases and lost millions of dollars. So much so that Zillow shut down that portion of their business.
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For more housing information visit my blog at https://www.allcahomes.com/blog/
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January-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
10 |
$510,000 |
$0 |
5 |
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Pending |
38 |
$459,950 |
$0 |
6 |
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Sold |
40 |
$502,500 |
$511,000 |
9 |
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Sold 2021 |
45 |
$430,000 |
$430,000 |
5 |
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February-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
16 |
$507,000 |
$0 |
5 |
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Pending |
56 |
$526,950 |
$0 |
6 |
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Sold |
28 |
$470,000 |
$487,000 |
9 |
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Sold 2021 |
38 |
$430,000 |
$440,000 |
6 |
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Average Housing Market Data
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Looking at the average housing market data in Antelope. Highlighted in yellow it’s hard to see what is happening. There were so few home sales in February that I don’t feel you can compare prices.
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Home prices are up 7% when comparing February this year to February last year. However, home prices are down going back to January.
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January-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
10 |
$473,395 |
$472,095 |
$0 |
22 |
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Pending |
38 |
$460,607 |
$461,291 |
$0 |
12 |
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Sold |
40 |
$508,041 |
$507,201 |
$516,905 |
21 |
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Sold 2021 |
45 |
$429,049 |
$429,264 |
$440,261 |
10 |
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February-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
16 |
$517,862 |
$507,175 |
$0 |
7 |
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Pending |
56 |
$528,152 |
$527,690 |
$0 |
12 |
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Sold |
28 |
$461,570 |
$463,927 |
$482,141 |
9 |
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Sold 2021 |
38 |
$436,089 |
$439,299 |
$450,682 |
9 |
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Comparing the last 6 months of homes sales this year to the same time last year. Antelope home prices are up 19%. The number of homes sold dropped some.
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Antelope |
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Home Sales last 6 months |
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# of Sales |
Median List Price |
Median Sales Price |
DOM |
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Jan 21 |
362 |
$399,000 |
$405,000 |
6 |
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Jan 22 |
351 |
$475,000 |
$491,500 |
7 |
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Feb 21 |
327 |
$400,000 |
$415,000 |
6 |
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Feb 22 |
319 |
$479,000 |
$495,000 |
7 |