Buyers keep flocking to Armour Hills as a Brookside home location; although the number of homes closed last month was less than the previous year. I suspect this was due to the higher interest rates that kicked in this Spring. Let’s take a look at the numbers:
| July 2022 | July 2021 | |
|---|---|---|
| Median list price: | $399,000 | $375,000 |
| Median sales price: | $410,000 | $395,000 |
| Days on market: | 10 | 2 |
| No. of homes sold: | 5 | 11 |
Home values are up 3.7% compared to July 2021. Of the five properties that closed last month, the lowest price was $375,000 and the highest was $452,000 (which was $51K over the list price!). Here are the year-to-date numbers:
| January-July 2022 | January-July 2021 | |
|---|---|---|
| Median list price: | $397,000 | $365,000 |
| Median sales price: | $419,000 | $390,000 |
| Days on market: | 2 | 2 |
| No. of homes sold: | 48 | 45 |
Compared to the same period last year, home prices are up 7.4% in Armour Hills, and we are on track with the same number of properties changing owners. Currently there are four active listings, ranging from $329,000-$439,900 and 31 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 