Is Armuchee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Armuchee has remained a Seller's Market.
Housing Prices in Armuchee, GA
How much do homes in Armuchee, GA cost?
Median Sold Price
$279,015
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Armuchee was $279,015 in March 2024, down 1.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25.1K | - | N/A |
2 Bedrooms | $125.1K | $175K | +39.9% |
3 Bedrooms | $255K | $263.5K | +3.3% |
4 Bedrooms | $353.5K | $375K | +6.1% |
5+ Bedrooms | $502.5K | $629K | +25.2% |
Summary: Armuchee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 25.2%.
Housing Supply in Armuchee, GA
How many homes are available in Armuchee, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 65 | -1.5% |
Summary: The Armuchee real estate market had 65 homes for sale in March 2024, a 1.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 37 | 38 | +2.7% |
4 Bedrooms | 19 | 16 | -15.8% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Armuchee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Armuchee in March 2024, down by 5.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for Armuchee, GA
How long does it take to sell a home in Armuchee, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 30 Days | +88.0% |
Summary: Homes in Armuchee had an average of 30 days on market in Mar 2024, up by 88% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Armuchee; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.