The neighborhood’s primary market indicator, median sold price, is 157,000, which represents the most reliable signal of recent transaction values and should be prioritized over asking prices when setting offers or comps.

The spread between the median listing price 203,000 and the median sold price 157,000 suggests potential pricing friction; combined with elevated inventory relative to sales, this gap may indicate seller expectations exceed recent realized values (pricing friction).

Market velocity is slow: the median days on market is 216, which—alongside elevated inventory relative to sales—appears to reflect slower sales velocity and reduced liquidity rather than rapid turnover.

Value and financing context: the area shows a rising price trend with price year-over-year trend up and market temperature hot (up), while interest rate pressure is moderate and the local 30-year fixed mortgage rate averages 6.4%, which may temper buyer affordability even as prices rise; rent dynamics are weaker with rent year-over-year trend down and median market rent 1,250, highlighting softening rental income potential for investors (down).

The median sold price is the primary indicator of market value and recent transaction activity, but a specific median sold price is not provided in the available metrics, so assessment should rely on the reported price year-over-year trend and market temperature instead.

Local pricing pressure is positive with up price year-over-year trend and a hot market temperature, which, combined with a reported average 30-year fixed mortgage rate of 6.4%, suggests sellers can still command premium pricing; consider locking financing assumptions around the current 6.4% average to maintain deal certainty. hot

Sample-level inventory shows elevated inventory relative to sales, which appears to create excess supply relative to sales activity and may temper quick upward movement in realized sale prices despite a hot broader market, implying sellers may need targeted pricing or concessions to maintain velocity.

Rental context shows a $1,050 median market rent while rent year-over-year trend is down; investors should re-check cashflow sensitivity to lower rents before underwriting acquisitions in the ZIP code.