Home prices in Armour Hills are lower than what they were last year at this time–could the demand for this desirable Brookside neighborhood be slowing down? I don’t think so–it’s too early in the year to make a definitive judgement. Here are the stats, with YTD comparison as well:
March 2018 March 2017
Median list price: $269,500 Median list price: $325,000
Median sales price: $265,000 Median sales price: $325,000
No. of homes sold: 4 No. of homes sold: 5
Days on market: 33 Days on market: 6
You can see the median sales price is much lower than last year. One of the reasons the days on market is longer is one particular home in Armour Hills that has been for sale several weeks now.
Here are year-to-date figures:
Jan-March 2018 Jan-March 2017
Median list price: $279,950 Median list price: $320,000
Median sales price: $275,000 Median sales price: $318,500
No. of homes sold: 13 No. of homes sold: 12
Days on market: 7 Days on market: 22
Currently there are 5 active listings in Armour Hills, with a median price of $457,000 and 41 days on market.
(All figures taken from Heartland MLS; deemed reliable but not guaranteed.)