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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Armuchee is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Armuchee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Armuchee, GA

How much do homes in Armuchee, GA cost?

Median Sold Price

$290,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,050(+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 $290,000 in September 2024, up 5.9% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $145K$165K
+13.8%
3 $248.3K$273K
+9.9%
4 $351K$405K
+15.4%
5+ $640K$695K
+8.6%

Summary: Armuchee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Sugar Valley
+27.3%
Rome
+9.0%
Armuchee
+5.9%

Housing Supply in Armuchee, GA

How many homes are available in Armuchee, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8489+6.0%

Summary: The Armuchee real estate market had 89 homes for sale in September 2024, a 6.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 02
+100.0%
2 118
-27.3%
3 4146
+12.2%
4 1916
-15.8%
5+ 1317
+30.8%

Summary: The Armuchee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
15150.0%

Asking Price vs. Sold Price

11 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. 84.6% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Armuchee in September 2024, the same as the previous month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% 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

Sep 2023Sep 2024CHANGE
26 Days64 Days+143.5%

Summary: Homes in Armuchee had an average of 64 days on market in Sep 2024, up by 143.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 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 September 2024, 15 homes were sold in Armuchee; 20% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 27% 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 30 Days Ago

Newest Listings in Armuchee, GA

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