Tag Archives: Armour Hills realtor

Armour Hills Home Sales Report – July 2024

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The stats for Armour Hills in this report reflect what you may have heard is going on with the home buying market: fewer sales, prices dropping. Yet overall, Brookside home values are still holding strong! Let’s take a look at the numbers:

JULY 2024JULY 2023
Median list price:$425,000$425,000
Median sales price:$447,500$501,280
Days on market:82
No. of homes sold:615

Compared to July 2023, home prices were down about 12%, yet still most buyers paying over list price. Fewer homes sold last month as well. The lowest closed price was $400,000 and the highest was $535,000. Here are the year-to-date figures:

JAN-JULY 2024JAN-JULY 2023
Median list price:$432,122$425,000
Median sales price:$444,750$445,500
Days on market:22
No. of homes sold:3442

These YTD stats show us that Armour Hills home values are holding steady; the number of homes changing owners down a bit but most homes still go under contract quickly and often over list price. Currently there are 4 active listings, with a median list price of $382,500 and 44 days on market.

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

Armour Hills Home Sales Report – June 2024

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At the halfway point in the year, let’s take a look at June home sales for Armour Hills on this last day of July. In Brookside as a whole, prices are down from last year and fewer of properties have sold. That’s true for the monthly report but not year-to date! Let’s take a look:

JUNE 2024JUNE 2023
Median list price:$419,000$430,000
Median sales price:$442,500$476,250
Days on market:22
No. of homes sold:56

Last month, most buyers paid over the list price, around 5.6%. Home prices were down 7% compared to last June. The lowest closed price was $398,800 and the highest was $485,000. Look at these year to date figures– prices are up:

JAN-JUNE 2024JAN-JUNE 2023
Median list price:$432,122$415,000
Median sales price:$444,750$436,000
Days on market:22
No. of homes sold:2827

Unlike Brookside as a whole (prices dropped 4% first half of the year); Armour Hills prices were up 2%. Most homes are still selling within a few days of hitting the market and buyers continue to pay over list price. Currently there are three homes listed in Armour Hills, with a median list price of $375,000 and 40 days on market.

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

Armour Hills Home Sales Report – May 2024

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Just a couple of days late in getting this final May home sales report published for Armour Hills as we are already into July! Happy birthday USA!

MAY 2024MAY 2023
Median list price:$397,000$487,500
Median sales price:$400,000$526,500
Days on market:23
No. of homes sold:44

The first thing to notice here is the median sales price was 24% lower than May 2023; the same number of homes sold; however, that’s a big drop. The lowest closed price was $380K and the highest was $447K. However, check this out: three of the four homes that sold went over asking price by at least $20,000. Here are the year-to-date numbers:

JAN-MAY 2024JAN-MAY 2023
Median list price:$434,343$395,000
Median sales price:$447,000$417,000
Days on market:35
No. of homes sold:2321

As is usual now, buyers still paying over the list price for most properties; YTD about 2.8%. Values are up 7.19% for the year; approximately the same number of homes changing owners. Currently there are four homes for sale in Armour Hills; the median list price is $428,500 and 26 days on market.

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

Armour Hills Home Sales Report-April 2024

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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 2024APRIL 2023
Median list price:$445,000$427,000
Median sales price:$515,000$430,000
Days on market:24
No. of homes sold:76

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 2024JAN-APRIL 2023
Median list price:$445,000$385,000
Median sales price:$475,000$405,000
Days on market:36
No. of homes sold:1917

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.)

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-February 2024

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Armour Homes home values continue to rise–quite a range in the sold prices for last month, due to many buyers going way over the list price. Here are the details:

february 2024february 2023
Median list price:$400,000$385,000
Median sales price:$410,000$400,000
Days on market:122
No. of homes sold:33

Home values in Armour Hills are up 2.5% compared to last February. The lowest closed sales price was $318,300 and the highest was $575,000! Here are the year-to-date numbers:

jan-feb 2024jan-feb 2023
Median list price:$400.000$367,450
Median sales price:$410,000$375,700
Days on market:54
No. of homes sold:76

And so far this year, Armour Hills home prices are up about 9%; properties are still selling within a few days of listing. As I post this blog, there are no homes listed in Armour HIlls. It is a very popular Brookside subdivision!

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

Armour Hills Home Sales Report – January 2024

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Home values in Armour Hills are rising fast..it just amazes me how much some of this homes sell for in bidding wars! I think demand will remain strong through the end of the year. Here’s a quick look at Armour Hills home sales stats for last month:

january 2024january 2023
Median list price:$425,000$349,900
Median sales price:$425,000$351,400
Days on market: 4 92
No. of homes sold: 4 3

Last month all but one home in Armour Hills sold at or above list price. Compared to a year ago, home values are up almost 21%!! The lowest closed price in January was $400K and the highest was $515,000. Currently there are just two homes for sale in Armour Hills, with a median price of $554,450.

(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 Home Sales Report-August 2023

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Sales are strong and steady in Armour Hills, as usual. Last month, prices were up compared to a year ago but not buy much. Let’s take a look at the numbers:

august 2023august 2022
Median list price:$425,000$425,000
Median sales price:$430,000$425,000
No. of homes sold: 2 3
Days on market: 9 7

Compared to August 2022, home values were up just over 1% and a couple of more homes changed owners. Last month there were several homes that closed anywhere from $10K to $50K over the list price–still so much demand for our charming neighborhood! Here are the year-to-date stats:

jan-aug 2023jan-aug 2022
Median list price:$425,000$399,000
Median sales price:$441,000$420,000
No. of homes sold: 2 2
Days on market: 51 55

So far this year, prices are up 5% over 2022, and buyers are paying almost 4% over the list price. Just a few less sales compared to a year ago. Sales in Armour Hills are steady despite the 7%+ interest rates! Currently there is just one house for sale in Armour Hills, priced at $549,000 and 4 days on market.

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

Armour Hills Home Sales Report-July 2023

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Time to once again report home sales for Armour Hills, and the trend here follows Brookside and Waldo: homes sell quickly and often for over list price. Let’s take a look at the numbers:

july 2023july 2022
Median list price:$425,000$399,000
Median sales price:$451,000$410,000
No. of homes sold: 2 10
Days on market: 15 5

Final closed prices were 6% over list price last month, and values up 10% from July 2022. Interesting stat: the highest home sale was $720,000, which was $100,100 over the list price!! Here are the YTD figures:

jan-july 2023jan-july 2022
Median list price:$425,000$397,000
Median sales price:$445,000$419,000
No. of homes sold: 42 48
Days on market: 2 2

So far this year, Armour Hills home prices are running 6.3% over 2022; the number of homes changing owners is slightly down. Currently there is one listing in Armour Hills, on the market for 17 days at a price of $430,000. Contact me if you would like more specifics on home sales in our area–and enjoy our long holiday weekend!

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