Is Armuchee, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Armuchee is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Armuchee was a Seller's Market.

Key Takeaway

Armuchee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Armuchee, GA

How much do homes in Armuchee, GA cost?

Median Sold Price

$283,797

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,797(+5.9%)

Key Takeaway

Homes in Armuchee have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Armuchee was $283,797 in May 2024, up 5.9% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $145K$178K
+22.8%
3 $249K$265K
+6.4%
4 $334.9K$377.5K
+12.7%
5+ $560K$634.5K
+13.3%

Summary: Armuchee housing prices by bedroom type for May 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 6.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Cities

Rome
+13.8%
Armuchee
+5.9%
Shannon
-16.3%

Housing Supply in Armuchee, GA

How many homes are available in Armuchee, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6672+9.1%

Summary: The Armuchee real estate market had 72 homes for sale in May 2024, a 9.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 3534
-2.9%
4 2122
+4.8%
5+ 79
+28.6%

Summary: The Armuchee housing inventory by bedroom type for May 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 decreased by 2.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
125-58.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Armuchee, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Armuchee in May 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% 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

May 2023May 2024CHANGE
21 Days33 Days+51.8%

Summary: Homes in Armuchee had an average of 33 days on market in May 2024, up by 51.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Armuchee has remained consistent over time.

Summary: During May 2024, 5 homes were sold in Armuchee; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Armuchee, GA

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