Sixteen homes closed in Nottingham Country this month. The Kelliwood Nottingham section was excluded to keep the focus on the neighborhood we know best. A note on the data: four homes in this month's sold pool carried cumulative days on market significantly higher than their current listing period, meaning they had been through at least one prior round on the market before finding a buyer. The median is the more honest number here, and it tells a good story.
Here is what the home sales show:
16 homes sold
Median sold price: $443,000
Sale price range: $314,000 to $730,000
Median days on market: 8
Median SP/SF: $153.75
Average sale-to-list ratio: 98.8%
Eight of the sixteen homes sold in seven days or less. Six of them closed over list price. May delivered exactly what the five-year pattern predicts for this month.
Half of the homes that closed this month were under contract in seven days or less. Two of those went under contract the same day they listed. That is not a fluke. That is what a prepared home in the right price range looks like when it hits the market in May in Nottingham Country.
The two homes that sat longer, at 34 days and 119 days, are the outliers in an otherwise fast month. Both had been available for some time before finally finding buyers. Neither outcome reflects the condition of the broader market.
The median of 8 days is the story. Buyers are engaged, they are paying attention, and when the right home shows up they are not waiting around.
Six homes closed over list price this month. That number is worth sitting with for a moment, because it does not happen by accident and it does not happen evenly across the board.
The homes that achieved over-list results shared a few things. They were priced with precision rather than ambition. They hit the market ready, not almost ready. And they landed in front of buyers who had been watching the neighborhood and were prepared to move when the right home appeared.
Contrast that with the four homes in this month's sold pool that had already been through a prior listing period before finally closing. Those homes sold too, but the journey was longer and the outcome was softer. The market did not penalize them for being the wrong homes. It penalized them for entering at the wrong moment without the right preparation.
The range of outcomes this month, from homes that sold in a day over ask to homes that took months and closed below ask, is wide. The variable is not location or square footage or year built. It is positioning.
Nine homes are currently pending or under contract in Nottingham Country, with a median list price of $570,000 and a median days to contract of 6 days. Seven of those nine went under contract in seven days or less. The pipeline heading into June is healthy.
Active inventory sits at 21 homes. Six of those have been on the market for more than 60 days, several of them significantly longer. That cluster is worth watching. Homes that carry that kind of history without a price correction tend to become the cautionary tales in next month's data.
June is historically one of the two strongest closing months of the year in this neighborhood. The sellers who prepared well and priced honestly in April and May are closing this month. The ones still waiting are running out of their best window. The data on that pattern is five years consistent and it does not lie.
If you would like to know where your home fits in the current Nottingham landscape, I am always happy to provide a private, neighborhood-specific value review. neighborhood-specific value review.