Tag Archives: Armour Hills home sales stats

Armour Hills Home Sales Report – March 2024

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Why are home prices rising so fast? I think I will write a blog about that topic within the next couple of weeks. Because when I see how far some buyers are paying over list price for a home, I think the general public would appreciate comments on price fluctuation! Armour Hills, one of the largest subdivisions in Brookside, continues to be a very desirable location, one that some buyers will pay just about anything to live here. More details follow! Here are the stats:

MARCH 2024MARCH 2023
Median list price:$450,000$365,000
Median sales price:$480,000$390,000
Days on market:225
No. of homes sold:55

Prices shot up 23% compared to March 2023; the same number of homes closed. Of the five homes that changed owners, one home sold for $55,050 over the asking price of $459,950 and another sold for $100,000 over the asking price of $475,000–and that house had just one and a half baths! The price of $575K is the highest so far this year in Armour Hills; there was another home that closed at that price in February–and yes, that one was way over the list price by $60K.

Let’s look at the year-to-date numbers:

JAN-MARCH 2024JAN-March 2023
Median list price:$439,950$365,000
Median sales price:$439,950$390,000
Days on market:36
No. of homes sold:1211

Home values are up over 12% compared to last year, and a few more homes have sold–I think some sellers/buyers are getting used to the fact that interest rates are not going to fall dramatically and they are now ready to move forward with moving plans. In Armour Hills, new listings do not stay on the market over a week; there are no active listings as of this writing.

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

Armour Hills Home Sales Report-September 2023

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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 2023september 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 2023jan-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.)

Armour Hills Homes Sales Report- June 2023

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The home sales report for Armour Hills last month shows fewer homes closed yet prices still going up. Sound familiar? It’s happening city-wide this year. Let’s take a look at the details; I’m posting stats about Armour Hills, a large subdivision in Brookside:

june 2023june 2022
Median list price:$430,000$390,000
Median sales price:$476,250$430,000
Days on market: 2 2
No. of homes sold: 6 9

Last month buyers paid almost 11% over the asking price for Armour Hills properties, and 1/3 fewer homes closed. The lowest sales price was $425K and the highest was $541K.

Here are the year-to-date numbers:

jan-june 2023jan-june 2022
Median list price: $415,000$395,000
Median sales price: $436,000$420,000
Days on market: 2 2
No. of homes sold: 27 43

The YTD figures show us that home values in Armour Hills are up 3.8% so far, although fewer homes changed ownership. Buyers are paying an average of 5% over the list price. This is the halfway mark for 2023 sales in Armour Hills; the 3.8% increase is normal; fewer homes selling can be attributed to fewer people want to sell (and give up a low interest rate) and deciding to stay put for now.

Currently there are two homes for sale in Armour Hills, with a median list price of $402,500 and three days on market.

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

Armour Hills Home Sales Report-May 2023

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I‘m a bit late posting these stats in early July…it’s a holiday week after all!! Home sales are still strong in Armour Hills; fewer homes sold compared to last year. Let’s take a look at the numbers:

May 2023may 2022
Median list price:$487,000$385,000
Median sales price:$526,000$429,000
Days on market: 3 2
No. of homes sold: 4 11

You can see that buyers paid list price or above on the closed sales in May; the lowest closed price was $376,500 and the highest was $575,000. Far fewer homes closed compared to May 2022; home values up 22%. Here are the year-to-date figures:

jan-may 2023jan-may 2022
Median list price:$395,000$397,000
Median sales price:$417,000$419,000
Days on market: 5 2
No. of homes sold: 21 34

Sales prices are consistent with last year, however 38% fewer homes have closed. Sellers can be reluctant to sell due to the record low interest rate on their mortgage and lack of inventory combined with higher prices. Still, buyers want to live in Armour Hills and most homes are under contract within just a few days of hitting the market.

As of today there are zero homes for sale in Armour Hills, that will change in a day or so! Fifteen homes are under contract, waiting to close.

Armour Hills Home Sales Stats-Jan 2018

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As I write this blog, I am looking ahead wondering if Armour Hills will again be one of the most desirable neighborhoods for buyers in 2018. Last year the average days on market for a new listing in Armour Hills was just 7, and median home prices increased 14.9% over 2016. Those numbers say a lot about how strong this neighborhood is.

Let’s take a look at the stats for last month:

January 2018                                                                  January 2017

Median list price:     $289,975                                      Median list price:      $329,475

Median sales price:  $284,500                                      Median sales price:   $327,500

Days on market:            5                                                Days on market:            18

No. of homes sold:        4                                                No. of homes sold:          4

Although the median home sales price was much lower than 2017, that reflects the fact  lower prices homes sold last month.  Still, three of the four homes that sold were at or above list price. The highest sales price was $340,000 and the lowest was $185,000.  I believe Armour Hills will again be a strong destination for home buyers this year.

Currently there are five active listings in Armour Hills, with a median price of $345,000 and 71 days on market.  

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

Armour Hills Home Sales Report-Oct 2017

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The Armour Hills subdivision in Brookside has been one of the hottest locations for home buyers this year–the rising prices reflect that demand.  Here are the October 2017 home sales stats for Armour Hills, with a comparison to last year:

October 2017

Median list price:       $329,250

Median sales price:    $327,250

No. of homes sold:       8

Days on market:          47

The lowest closed sales price was $235,000 and the highest was $446,500.  

October 2016

Median list price:       $289,475

Median sales price:    $294,499

No. of homes sold:        12

Days on market:            27

Checking year-to-date figures:

Jan-Oct 2017

Median list price:       $314,750

Median sales price:    $313,250

No. of homes sold:        84

Days on market:            9

Jan-Oct 2016

Median list price:        $275,000

Median sales price:     $274,500

No. of homes sold:        72

Days on market:            25

Note that this year, sellers are getting 99% of their asking price, and prices are up 19% over 2016.  Currently there are seven homes listed in Armour Hills, with a median price of $307,000.  Two of the homes are  over $500K– that’s rare high asking price for our neighborhood.  

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

Armour Hills Home Sales Report-Aug 2017

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The Armour Hills subdivision in Brookside continues to be a desireable location for homebuyers this year–prices are up compared to 2016.  Here are the stats for August 2017, with a year to date comparison as well.

Aug 2017

Median list price:     $285,000

Median sales price:  $285,000

No. of houses sold:     11

Days on market:          19

Aug 2016

Median list price:     $254,500

Median sales price:   $254,000

No. of houses sold:       8

Days on market:          13

The highest closed price was $421,750 and the lowest was $235,000.  There is very little, if any, negotiation on list price.  

Here are the year to date stats:

Jan-Aug 2017

Median list price:     $315,000

Median sales price:  $312,500

No. of houses sold:       71

Days on market:           7

Jan-Aug 2106

Median list price:     $269,950

Median sales price:  $272,250

No. of houses sold:      56

Days on market:           13

Prices are up about 14% year to date–wow, that is quite a jump!  However, I don’t think final 2017 stats will show that much of an increase. Still, higher prices mean more equity for sellers and buyers are comfortable paying more to live in our neighborhood.  Currently there are five homes for sale in Armour Hills, with a median list price of $335,000 and 7 days on market.

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

Armour Hills Home Sales Stats-March 2017

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Not a lot of activity in Armour Hills in March regarding  sold homes–however, that is normal as the first couple of months of the year are not popular times to list homes due to traditionally cold weather.  Still, there was an increase in median sales price!  Let’s look at the March 2017 home sales for Armour Hills, and a comparison to last year.

March 2017

Median list price:      $325,000

Median sales price:  $325,000

Number of homes sold:  5

Days on market:             6

March 2016

Median list price:       $234,975

Median sales price:   $229,475

Number of homes sold:  6

Days on market:             39

Four of the five homes that sold last month in Armour Hills were over $300K, pushing the median sales price up. Notice it was only a few days before the new listings went under contract.

Now let’s look at year to date:

Jan-March 2017

Median list price:      $395,000

Median sales price:  $395,000

Number of homes sold:  50

Days on market:             37

The lowest sales price so far this year $205,000 and the highest was $440,000.

Jan-March 2016

Median list price:        $389,500

Median sales price:    $382,000

Number of homes sold:   57

Days on market:              34

So far, prices are up 29% over first quarter 2016.  However, most of the increase is due to more expensive homes selling this year over same period one year ago.  Currently in Armour Hills there are four homes for sale, with a median price of $312,000 and 18 days on market.

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

Armour Hills Home Sales Report-Jan 2017

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Armour Hills was a hot location for homebuyers in 2016: many sellers got close to asking price; some homes had bidding wars!  Median prices were up almost 3% over 2015.  I think 2017 will be a strong sales year for our neighborhood as well.  Let’s check the January 2017 sales for Armour Hills in the Brookside area of Kansas City:

January 2017

Number of homes sold:        4

Median list price:                  $329,475

Median sales price:               $327,500

Average days on market:         18

January 2016

Number of homes sold:         2

Median list price:                    $264,475

Median sales price:                 $269,155

Average days on market:          39

More expensive homes closed last month, pushing the median price higher.  Although only two homes sold in Jan 2016, one of them went for $12,555 over the asking price–so the median sales price is way higher than list price.

Currently there are just two homes for sale in Armour hills, with a median price of $315,000.

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

Armour Hills 2016 Home Sales Recap

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It’s that time to look at 2016 home sales stats for Armour Hills in Brookside.  Overall, prices are up!  Let’s look at the December 2016 sales, and then move on to a 2016 recap.

Dec 2016:                                                 

Median list price:      $277,500                          

Median sales price:  $281,500                          

Number of homes sold:  8                                 

Days on market:             42

Dec 2015:       

Median list price:       $296,000

Median sales price:   $298,000     

Number of homes sold:  7    

Days on market:             28

Although median price was lower than last year, three of the eight homes that closed were sold at or over list price.                 

Now let’s look at the year 2016, as compared to previous years.:

2016                                                    

Median list price:      $275,000                                      

Median sales price:  $274,500                            

Number of homes sold:  89                                  

Days on market:             29

The lowest sales price was $176,000; highest was $499,000.

2015

Median list price:        $269,700

Median sales price:    $266,750

Number of homes sold:  80

Days on market:             33

Median prices are up 2.9% over 2015, and sellers are virtually getting their asking price.  More homes sold in 2016, and in a bit shorter period of time.  

For reference, 2013 median sales price was $249,500 and in 2014, it was $236,500.  Sales prices up 10% since 2013!  That is reassuring to sellers as they are building equity; buyers can feel comfortable purchasing in a neighborhood gaining value.  

As of this posting,  there are just three homes for sale in Armour Hills, with a median list price of $315,000 and 16 days on market.

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