Is Armuchee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$294,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Armuchee was $294,000 in June 2024, up 8.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $145K | $178K | +22.8% |
3 Bedrooms | $245K | $270.5K | +10.4% |
4 Bedrooms | $341K | $375K | +10.0% |
5+ Bedrooms | $595K | $629K | +5.7% |
Summary: Armuchee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in Armuchee, GA
How many homes are available in Armuchee, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
66 | 84 | +27.3% |
Summary: The Armuchee real estate market had 84 homes for sale in June 2024, a 27.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 14 | +133.3% |
3 Bedrooms | 33 | 37 | +12.1% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Armuchee housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 20 | +233.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Armuchee in June 2024, up by 233.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 31 Days | +51.6% |
Summary: Homes in Armuchee had an average of 31 days on market in Jun 2024, up by 51.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Armuchee; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.