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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Armuchee is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Armuchee has remained a Seller's Market.

Key Takeaway

Armuchee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Armuchee, GA cost?

Median Sold Price

$246,312

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$35,655(+16.9%)

Key Takeaway

Homes in Armuchee have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$113K
N/A
2 $105.3K$215K
+104.2%
3 $187.5K$219.9K
+17.3%
4 $264K$278.2K
+5.4%
5+ $412.5K$452.5K
+9.7%

Median Sold Price Compared To Nearby Cities

Armuchee
+16.9%
Rome
+13.6%
Sugar Valley
+11.8%
Shannon
+8.6%

How many homes are available in Armuchee, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
4655+19.6%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 11
0.0%
2 10
-100.0%
3 2927
-6.9%
4 817
+112.5%
5+ 710
+42.9%

Number of Homes Sold

Mar 2022Apr 2022%
1121+90.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were 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. 42.1% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
9 Days16 Days+62.9%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Armuchee are selling fast, if you're buying plan to act quickly.

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

About Armuchee, GA

Armuchee, GA has 55 homes for sale to choose from. The number of listings in Armuchee, GA increased by 19.6% between March 2022 and April 2022. While the average time on the market in April 2022 was 16 days, the median list price was $246,312. This housing market listing prices have changed between March 2022 and April 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 104.2%, prices of 3 bedrooms properties increased by 17.3%, the cost of 4 bedrooms properties went up by 5.4%, 5 bedrooms properties became 9.7% more expensive. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 100%, 3 bedrooms homes inventory decreased by 6.9%, number of 4 bedrooms homes increased by 112.5%, number of 5 bedrooms homes increased by 42.9%. While more than 8 listings in Armuchee, GA in April 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 8 were sold below.

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