Armour Hills Home Sale Report-Feb 2018

Are we headed for a slowdown in the housing market this year?  So far, not in the Brookside/Waldo area.  And in my neighborhood of Armour Hills, homes are still moving quickly although fewer are selling–so far. Here are the home sales stats for last month:

Feb 2019                                                                    Feb 2018

Median list price:     $362,499                               Median list price:     $306,950

Median sales price:  $352,500                               Median sales price:  $304,500

No. of homes sold:    4                                            No. of homes sold:       6

Days on market:       87                                           Days on market:          3

That median sales price was quite a jump from last February, however three of the four homes that closed last month were over $350,000.  Here are the YTD figures:

Jan-Feb 2019                                                                Jan-Feb 2018

Median list price:     $324,975                                   Median list price:     $299,500

Median sales price:  $321,000                                  Median sales price:   $299,500

No. of homes sold:     6                                              No. of homes sold:      10

Days on market:        84                                             Days on market:          4

Home values are up 7% compared to last year.  Currently there are six homes listing in Armour Hills, with a median price of $339,925 and 21 days on market.  

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

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