Armour Hills Home Sales Report-September 2021

Some interesting figures here as I researched Armour Hills home sales for last month—fewer homes sold!  However, values continue to rise.  I have a theory as to why; will share in the comments!  Here are the numbers:

September 2021                                                                September 2020

Medium list price:      $399,000                                            $349,000

Medium sales price:  $405,000                                            $351,500

No. of homes sold:        3                                                     17

Days on market:            4                                                      6

The median sales price increased 15% from last September.  I think the reason so many more houses sold in September 2020 is the pandemic was raging in the usual strong buying and listing months of March through July; many sellers were hesitant or delayed listing and buyers stayed in for those months. Some people probably delayed buying and selling until later in the year. Below are the year-to-date figures:

Jan-Sept 2020                                                                            Jan-Sept 2020

Median list price:     $369,900                                                    $345,000

Median sales price:  $390,000                                                   $344,000

No. of homes sold:      53                                                     73

Days on market:          2                                                                   6

Fewer homes are selling this year; could be because some residents have decided to stay put and make home improvements; or they don’t want to sell and then get into a bidding war for their next property.  Prices are up 13% over last year.

Currently there are four active listings in Armour Hills; the median price is $434,475 and ten days on market.

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

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