Armour Hills Home Sales Report-Oct 2020

Here we are at the very end of November 2020–this year is almost over! And despite the pandemic, Armour Hills homes continue to sell quickly and, quite often, for over the list price. Take a look at last month’s stats, and how they compare to October 2019:

October 2020October 2019
Median list price: $407,000 $349,950
Median sales price: $426,250$340,000
No. of homes sold: 6 7
Days on market: 2 42

Yes, that’s a very big increase in median price–25%!–but it’s an aberration. The year-to-date numbers give you a better picture of how much Armour Hills home values are increasing. There’s no doubt though that homes are going under contract faster this year, and sellers are getting top dollar for their properties:

Jan-Oct 2020Jan-Oct 2019
Median list price: $349,000$345,000
Median sales price: $345,000 $340,000
No. of homes sold: 79 77
Days on market: 5 15

The YTD numbers show an increase of just under 1.5% for the year. The lowest priced sale so far in 2020 was $238,000 and the highest was $535,000.

As of this writing, there are no active listings in Armour Hills! That is rare, but also shows you how quickly listings sell! There are 17 homes under contract, waiting to close.

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

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