Armour Hills Home Sales Report-July 2022

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 2022July 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 2022January-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.)

Armour Hills Home Sales Report- June 2022

Home values in Armour Hills continue to rise, and last month we had the third highest closed sale ever–it’s very rare for an Armour Hills house to sell for over $700K but it happened again! Here are the stats for this Brookside subdivision:

June 2022June 2021
Median list price:$390,000$337,500
Median sales price:$430,000$347,500
No. of homes sold: 9 8
Days on market: 2 2

Overall, home values are up 23% compared to June 2021! The highest sale last month was $701,000 on a list price of $660,000. The lowest sale was $365,000.

Here are the year-to-date numbers:

Jan-June 2022Jan-June 2021
Median list price:$395,000$365,000
Median sales price:$420,000$367,450
No. of homes sold: 43 34
Days on market: 2 2

Compared to the first six months of last year, home values are up 14%; buyers are paying 6% over asking price. With interest rates rising, we’ll see how the end of the year shakes out–if prices come down somewhat. There is still a lot of demand so I don’t foresee a big plunge in home sales at all. Currently there are five homes listed in Armour Hills with an average price of $405,000 and ten days on the market. The ten day figure shows you that at least some homes are not going under contract within 48 hours of listing. Of those five homes, all listed within the three weeks, three of them have had price reductions.

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

Armour Hills Home Sales Report-May 2022

Last month we had a record high sale price for a home in Armour Hills; it was a flipped property by an investor. And the buyer paid over asking price! Here are the details:

May 2022May 2021
Median list price:$385,000$365,000
Median sales price:$429,000$363,000
No. homes sold: 11 9
Days on market: 2 2

Buyers paid an average of 11% over asking price; a few more homes sold compared to May 2021. The highest sold price was $713,000, which was $28K over the list price! The lowest closed price was $360,000. Here are the year-to-date numbers:

Jan-May 2022Jan-May 2022
Median list price:$397,000$367,450
Median sales price:$419,000$379,000
No. homes sold: 34 26
Days on market: 2 2

Breaking down these numbers, buyers are paying about 5.5% over asking price and home values are up just over 10% compared to the same period last year. Currently there are four active listings in Armour Hills, with a median list price of $500K and 13 days on the market.

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

Armour Hills Home Sales Report – March 2022

Let’s start with another example of how far some buyers will pay over asking price….in March, an Armour Hills home sold for $52K over the list price!. With interest rates on the rise, will buyers pull back on the bidding wars? We will find out…my guess is there will still be multiple offers for the most desirable, updated homes, but instead of 15 offers, perhaps 5-8 offers. Here are the March stats for Armour Hills in Brookside:

March 2022March 2021
Median list price: $382,500 $299,500
Median sales price: $402,000 $307,000
No. homes sold: 4 2
Days on market: 2 3

The lowest closed price was $385,000 and the highest was $414,500. Values are up almost 31% over March 2021. Here are the year-to-date numbers:

Jan-March 2022Jan-March 2021
Median list price: $399,950 $337,500
Median sales price: $414,500 $356,888
No. homes sold: 11 10
Days on market: 4 2

Sold prices are up16% over the same period last year. The highest closed price so far this year in Armour HIlls was $535,000. As of this post, there are no homes in Armour Hills for sale; there are 12 under contract.

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

Armour Hills Home Sales Report-February 2022

I’m posting this last blog about February home sales stats … just a few days in to April! Prices on the rise and higher than last year at this time…same story! These numbers reflect home sales in the Armour Hills subdivision in Brookside:

February 2022February 2021
Median list price:$407,000$335,000
Median sales price:$395,000$358,775
No. homes sold: 4 5
Days on market: 86 2

The median sales price increased 10% over last February. Note the longer days on market figure–that is because there is one house in Armour Hills that sat on the market 213 days before going under contract.

Here are the year-to-date numbers:

Jan-Feb 2022Jan-Feb 2021
Median list price: $415,000 $347,000
Median sales price: $420,000 $361,000
No. homes sold: 7 8
Days on market: 17 2

Compared to the same period last year, home values are up16% in 2022. And most buyers pay at or over the list price. The lowest closed price so far is $330K; the highest is $535K. As of this posting, there are no homes for sale in Armour Hills. The homes that were listed in the past week are all under contract.

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

Armour Hills Home Sales Report-2021

Hi Neighbors! Our subdivision had a healthy increase in home values last year, with most properties going under contract within a couple of days. Prices will not be going down in 2022–that’s a pretty safe prediction! Here are the numbers:

Year20212020201920182017
Median list price365000345000339450315000314500
Median sales price380000344000340000315000312500
Days on market372197
No. homes sold7099828093

The increase in value from 2020 to 2021 was 10.4%, and the increase from 2017 to 2021 was 21.6%. I find it interesting that fewer homes sold; homeowners are staying put in our beautiful neighborhood! The highest sales price last year was a whopping $703,000, and the lowest was $212,000. Note most buyers are paying over list price.

The busy buying and selling season is just a few weeks away–if you plan to be a buyer / seller, now is the time to plan and plot strategy!

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

Armour Hills Home Sales Report-October 2021

Hi neighbors!  One more post about October Brookside home sales stats before we move into December. Just like the rest of Brookside, Armour Hills home values took a dip last month compared to a year ago; however overall, prices are up!  Let’s take a look at the numbers:

October 2021                                         October 2020

Median list price:     $380,000                $407,000

Median sales price:  $370,000               $426,250

No. of homes sold:    5                              6

Days on market:         13                           2

Although the median sales price last month was 15% less than October 2020, sales were steady and the highest recorded price-$461,000-was $61K over asking price! Yes, I double checked that number!   Below are the year-to-date numbers:

Jan-Oct 2021                                         Jan-Oct 2020

Median list price:     $372,400                $349,000

Median sales price:  $382,500               $345,000

No. of homes sold:     58                           79

Days on market:          2                             5

The majority of buyers are paying at or over asking price, and homes are going under contract within two days of listing.  So far this year, prices are up just about 10% over last year. Currently there are four active listings in Armour Hills, with a median list price of $452,450 and 42 days on market.

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

Armour Hills Home Sales Report-August 2021

Last month, Armour Hills had it’s highest recorded home sales price of the year–and that final price was $53,000 over the list price! As I reported in last week’s blog, some Brookside homes have sold for $100,000 over asking price. That is too crazy! An over $700K price for an Armour Hills house just shows the reach some buyers have to get what they want. The high price tag affected the big jump in the median sales price compared to Aug 2020. Here are the numbers:

August 2021                                                                            August 2020

Median list price:             $384,900                                           $317,500

Median sales price:         $382,000                                           $320,000

Days on market:                 31                                                        3

No. homes sold:                  5                                                         12

Every property that sold last month closed over the list price except one. The highest sales price of the year so far was $703,000 on a home priced at $649,900.

Here are the year-to-date numbers:

Jan-Aug 2021                                                                           Jan-Aug 2020

Median list price:              $367,450                                           $339,950

Median sales price:          $386,000                                           $337,500

Days on market:                 2                                                          5

No. homes sold:               50                                                        57

Compared to last year, home prices are up 14% in Armour Hills. Currently there are seven listings, ranging from $349,000 to $575,000. The median price is $399,000 and 26 days on market.

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

Armour Hills Home Sales Report—July 2021

Hi neighbors! Home sales are consistently strong in Armour Hills, and prices are much higher compared to July 2020. Let’s look at the numbers:

July 2021                                                             July 2020

Median list price:      $375,000                            $319,000

Median sales price:   $395,000                           $335,000

Days on market:                  2                                    1

No. sold:                                11                                 7

Buyer paid about 5% over list price; values up 17% compared to July 2020. Here are the year-to-date figures:

Jan-July 2021                                                        Jan-July 2020

Median list price:     $365,000                             $347,000

Median sales price:  $390,000                            $342,500

Days on market:                                                       8

No. sold:                                45                                   44

Median sales price jumped 13% over last year; most homes selling faster as well. The highest Armour Hills closed price in 2021 so far is $605,000 and the lowest is $212,000. Currently there are three active listings, with an average price of $399,000 and 53 days on market.

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

Armour Hills Home Sales Report-February 2021

Armour Hills is blooming! Along with the rest of the city. Springtime brings out the buyers for our neighborhood, so expect more home sales in the warm months ahead. Even the cold weather though didn’t slow down the market–sales are up compared to last year at this time. Let’s look at the stats:

February 2021February 2020
Median list price: $335,000$339,900
Median sales price: $358,775$332,000
No. of homes sold: 5 3
Days on market: 2 49

Buyers paid about 7% over list price and home values are up 8% over February 2020. Below are the year-to-date numbers:

Jan-Feb 2021Jan-Feb 2020
Median list price: $347,000$339,925
Median sales price: $361,888$338,000
No. of homes sold: 8 4
Days on market: 2 46

Twice as many homes closed this year compared to last; and you can see how quickly new listings are going under contract: two days instead of a few weeks! Home prices are running about 7% over last year. Currently there is just one listing for sale in Armour Hills, priced at $425,000 and four days on market.

If I can provide you with more detailed information on Brookside or Waldo home sales, contact me!

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