Question 1

What is the median sold price in Busby?

Accepted Answer

The median sold price in Busby is $140,000 based on 11 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Busby?

Accepted Answer

The average sold price in Busby is $145,345. Note that the average ($145,345) is higher than the median ($140,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Busby?

Accepted Answer

Home prices in Busby range from $25,900 to $315,000 based on recent sales data. This $289,100 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Busby selling above or below asking price?

Accepted Answer

On average, homes in Busby are selling at 96.2% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Busby?

Accepted Answer

Homes in Busby are selling in an average of 80 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Busby?

Accepted Answer

The average price per square foot in Busby is $148. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $296,000.

Question 7

How active is the real estate market in Busby?

Accepted Answer

The Busby market has seen 11 home sales over the past 2 years, with 3 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Busby?

Accepted Answer

Detached homes in Busby are selling for an average of $145,345, with 11 sales over the past 2 years.

Question 9

Are home prices rising or falling in Busby?

Accepted Answer

Home prices in Busby have decreased by 86.8% over the past 2 years. The average sold price moved from $195,900 to $25,900. This downward trend may present buying opportunities for purchasers.

Question 10

Is Busby a buyer's or seller's market?

Accepted Answer

Based on current data, Busby is a buyer's market. Homes are selling in 80 days on average and at 96.2% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Busby?

Accepted Answer

In Busby, 9% of homes sold above asking price, while 82% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What size homes are selling in Busby?

Accepted Answer

Homes selling in Busby range from 837 to 1,440 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Busby?

Accepted Answer

Busby shows high price diversity with a standard deviation of $102,674 around the average price of $145,345. This wide range indicates a diverse market with options at many price points.

Question 14

Where can I find recently sold homes in Busby?

Accepted Answer

You can view a comprehensive list of houses sold in Busby right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 15

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 16

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Busby.

Recently Sold Homes in Busby

Busby Sold Data Overview

Recently Sold in Busby

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2-Year Market Trends: All Property Types

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