Armour Hills in Brookside -- a hot location for homebuyers this spring. Almost one half of the total homes sold this year so far in Armour Hills closed last month. And as you will see...prices continue to rise as compared to last year. Here are the May 2017 home sales for Armour Hills, and a comparison to last year.
May 2017
Median list price: $325,000
Median sales price: $329,225
Number of homes sold: 16
Days on market: 3
May 2016
Median list price: $289,900
Median sales price: $291,000
Number of homes sold: 9
Days on market: 33
The lowest sales price in May 2017 was $209,500 and the highest was $407,000. Of all the homes that sold, 13 were at or above list price, sometimes by several thousand dollars.
Now let’s look at year to date:
Jan-May 2017
Median list price: $322,500
Median sales price: $323,750
Number of homes sold: 36
Days on market: 4
Jan-May 2016
Median list price: $269,900
Median sales price: $267,000
Number of homes sold: 27
Days on market: 33
There has been a 21% increase in median sales price compared to last year in Armour Hills. Are we headed for another housing bubble?? Currently in Armour Hills there are just three homes for sale in Armour Hills, with a median list price of $389,000 and 47 days on market.
(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)
Comments(1)