Last month we had a record high sale price for a home in Armour Hills; it was a flipped property by an investor. And the buyer paid over asking price! Here are the details:
| May 2022 | May 2021 | |
|---|---|---|
| Median list price: | $385,000 | $365,000 |
| Median sales price: | $429,000 | $363,000 |
| No. homes sold: | 11 | 9 |
| Days on market: | 2 | 2 |
Buyers paid an average of 11% over asking price; a few more homes sold compared to May 2021. The highest sold price was $713,000, which was $28K over the list price! The lowest closed price was $360,000. Here are the year-to-date numbers:
| Jan-May 2022 | Jan-May 2022 | |
|---|---|---|
| Median list price: | $397,000 | $367,450 |
| Median sales price: | $419,000 | $379,000 |
| No. homes sold: | 34 | 26 |
| Days on market: | 2 | 2 |
Breaking down these numbers, buyers are paying about 5.5% over asking price and home values are up just over 10% compared to the same period last year. Currently there are four active listings in Armour Hills, with a median list price of $500K and 13 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 