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.
Median list price: $277,500
Median sales price: $281,500
Number of homes sold: 8
Days on market: 42
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:
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.
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.
Currently there are just 3 homes for sale in Armour Hills, with a median price of $315,000 and 16 days on market.
(All figures taken from Heartland MLS; deemed reliable but not guaranteed)