Armour Hills Home Sales Report-November 2022

The higher interest rates haven’t dampened home sales in Armour Hills! Prices are up, although homes are staying on the market just a little longer than last year. Here are the stats:

November 2022November 2021
Median list price:$445,000$362,500
Median sales price:$440,000$368,000
No. of homes sold: 9 8
Days on market: 13 3

Home prices closed 19.5% higher than November 2021; about the same number of homes changed ownership and final sold price was slightly lower than list price. The lowest closed sale was $200,000 and the highest was $512,000. Let’s look at year-to-date figures:

Jan-Nov 2022Jan-Nov 2021
Median list price:$399,900$365,000
Median sales price:$432,000$380,000
No. of homes sold: 75 66
Days on market: 3 2

Consistently, buyers are paying over asking price for Armour Hills homes (8% for the year), and those houses listed go under contract quickly. Home values are up 12% compared to same period last year. As of this posting, there are no houses in Armour Hills for sale. Happy 2023 to all my readers!

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

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