Real Estate Market Update: Spotlight on Luxury Listings
Currently, there are 17 active property listings in this exclusive market segment, showcasing upscale homes with spacious layouts and prime locations. Here’s an in-depth look at the key stats that define this niche market.
Bedrooms & Bathrooms
Bedrooms:
- Minimum: 0 (likely undeveloped or land parcels)
- Average: 3 bedrooms
- Median: 3 bedrooms
- Maximum: 4 bedrooms
Bathrooms:
- Minimum: 1 bathroom
- Average: 3 bathrooms
- Median: 4 bathrooms
- Maximum: 5 bathrooms
This market favors larger homes with multiple bathrooms, appealing to families and luxury buyers who prioritize comfort and space.
Property Size & Lot Dimensions
Living Space (Square Feet):
- Minimum: 1,520 sq. ft.
- Average: 3,010 sq. ft.
- Median: 3,200 sq. ft.
- Maximum: 4,422 sq. ft.
Lot Size (Acres):
- Minimum: 0.02 acres
- Average: 0.06 acres
- Median: 0.05 acres
- Maximum: 0.10 acres
These homes offer generous indoor living space on relatively small, highly desirable lots — typical for upscale urban or suburban neighborhoods.
Year Built
- Oldest property year: Not specified (0 may indicate unknown or new construction)
- Average year built: 1957
- Median year built: 1983
- Newest property built: 2024 (recent construction or pre-construction)
The mix of mid-century homes alongside brand new builds offers a blend of classic charm and modern luxury.
Pricing Overview
- Listing Price Range: $375,000 to $2,799,000
- Average Listing Price: $1,359,571
- Median Listing Price: $1,299,000
Price per Square Foot:
- Minimum: $209.06
- Average: $393.04
- Median: $321.19
- Maximum: $705.22
Lot Price per Acre:
- Minimum: $7,256,129
- Average: $22,213,583
- Median: $20,216,842
- Maximum: $48,267,791
The high price per square foot and especially per acre reflect the premium nature of these properties, often located in coveted neighborhoods with significant land value.
Market Timing
Days on Market (DOM):
- Minimum: 0 days (new listings)
- Average: 210 days
- Median: 36 days
- Maximum: 1,336 days
Cumulative Days on Market (CDOM):
- Average: 216 days
- Median: 91 days
While some listings move quickly, others remain on the market for extended periods, often due to their high price points or unique features.
Summary
This segment represents a luxury-focused market with spacious, upscale homes on small but valuable lots. Buyers are willing to pay a premium for quality, location, and modern amenities, as reflected in the strong price per square foot and per acre values.
Sellers should expect varying market times depending on pricing and property uniqueness, but well-priced homes can attract attention quickly.
