The amount that some buyers will pay over the list price of a home continues to amaze me…last month in Armour Hills, one property closed at $61K over asking price!! Yep, prices continue to rise:
| september 2023 | september 2022 | |
|---|---|---|
| Median list price: | $457,500 | $449,000 |
| Median sales price: | $478,750 | $449,000 |
| No. of homes sold: | 6 | 7 |
| Days on market: | 2 | 28 |
Compared to September 2022, home values rose 6.6%. The lowest closed price last month was $360,000 and the highest was $610,000 ($61K over list price). Here are the year-to-date numbers:
| Jan-sept 2023 | jan-sept 2022 | |
|---|---|---|
| Median list price: | $425,000 | $399,000 |
| Median sales price: | $450,000 | $427,000 |
| No. of homes sold: | 57 | 62 |
| Days on market: | 2 | 2 |
As you can see, most buyers pay over asking price; so far this year almost 6% over! Prices are up 5.3% compared to 2022. Currently there are four homes for sale in Armour Hills, with a median price of $474,500 and 18 days on the market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Inside Brookside (And Waldo) 