One reason that overbid homes have the ability to offend is that they’re smaller. In other words, the homes that people buy for over asking price have fewer square feet on average than the ones that go closer to list price.
Overbid homes last week had a median size of 1,529.5 square feet. Underbid homes in the same week had 1,904 square feet. Read on for this week’s biggest overbids — including one with less 1,000 square feet.
Last week, 44 percent of the people who bought a home paid more than its asking price. The differences ranged from $90 extra to a full $45,500 more.
Here are the top five overbids of the last week.
1915 Rosemary St., sold for $30,600 above list price
- 3 bedrooms, 2 full bathrooms, 1,738 square feet
- Sold for $405,600, 8.2 percent above asking price
2137 S. Cherokee St., sold for $40,100 above list price
- 3 bedrooms, 1 full bathroom, 1,644 square feet
- Sold for $510,000, 8.5 percent above asking price
4116 Eaton St., sold for $25,250 above list price
- 2 bedrooms, 1 full bathroom, 1,205 square feet
- Sold for $300,250, 9.2 percent above asking price
7505 W. Yale Ave., #2805, sold for $31,000 above list price
- 3 bedrooms, 1 full bathroom, 2,284 square feet
- Sold for $331,000, 10.3 percent above asking price
2680 Olive St., sold for $37,000 above list price
- 2 bedrooms, 1 bathroom, 996 square feet
- Sold for $360,000, 11.5 percent above asking price
Data courtesy of Usaj Realty.