I’m still amazed at how quickly Armour Hills home values have shot up since the recession–home ownership is a good investment!  Houses are still selling very quickly at close to asking price.  Here are the numbers:

May 2019                                                                   May 2018

Median list price:     $365,000                                Median list price:     $325,000

Median sales price:   $359,000                               Median sales price:   $320,000

No. of homes sold:      12                                          No. of homes sold:    7

Days on market:           8                                           Days on market:       5

Most new listings went under contract within a week of hitting the market. The highest closed price last month was $460,000.  Below are year-to-date figures:

Jan-May 2019                                                          Jan-May 2018

Median list price:       $350,000                            Median list price:       $312,000

Median sales price:    $355,000                            Median sales price:    $310,000

No. of homes sold:      35                                        No. of homes sold:  29

Days on market:           26                                       Days on market:      5

At almost the halfway point in the year, Armour Hills home prices are up 14.5% over same period last year.  Are you surprised that your property tax assessment is climbing so quickly?? Currently there are 7 active listings, with a median price of $296,500 and 30 days on market.

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