Although when I check Armour Hills sales stats, it is a smaller group of homes than Brookside as a whole; about 900 homes in the subdivision. But it is a highly desirable area for many reasons, and sometimes buyers go way, way over list price to live here. And that affects all of Brookside. You’ll see in this report:
| APRIL 2024 | APRIL 2023 | |
|---|---|---|
| Median list price: | $445,000 | $427,000 |
| Median sales price: | $515,000 | $430,000 |
| Days on market: | 2 | 4 |
| No. of homes sold: | 7 | 6 |
Compared to last April, prices rose almost 20%! And buyers were paying well over asking price, median was 15.7%. Just seven homes closed, but note: one home sold $50K over asking price; a second sale was $70K over asking price and the 3rd was $40K over asking price. When buyers drive up prices so drastically, it really skewers the comparable homes for pricing and in turn, drive prices much higher than normal. The lowest closed price was $660,000 and the lowest was $430.
Here are the year-to-date numbers:
| JAN-APRIL 2024 | JAN-APRIL 2023 | |
|---|---|---|
| Median list price: | $445,000 | $385,000 |
| Median sales price: | $475,000 | $405,000 |
| Days on market: | 3 | 6 |
| No. of homes sold: | 19 | 17 |
Home values are running 17% higher than last year in Armour Hills; about the same number of homes are changing ownership and homes still sell in under a week. Currently there are three homes listed in Armour Hills, with a median price of $489,000 and 12 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 