Is Armada, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Armada is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Armada was a Seller's Market.

Key Takeaway

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

Housing Prices in Armada, MI

How much do homes in Armada, MI cost?

Median Sold Price

$303,000

$242/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$500(+0.2%)

Key Takeaway

The sold price of homes in Armada has remained the same since last month.

Summary: The median home sold price in Armada was $303,000 in September 2024, up 0.2% from last month, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $280K$303K
+8.2%
3 $280K-
N/A
4 $325K-
N/A
5+ $530K-
N/A

Summary: Armada housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Armada
0.2%
Armada Township
0.2%

Housing Supply in Armada, MI

How many homes are available in Armada, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2219-13.6%

Summary: The Armada real estate market had 19 homes for sale in September 2024, a 13.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 108
-20.0%
4 68
+33.3%
5+ 21
-50.0%

Summary: The Armada housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Armada, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Armada in September 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Armada, MI

How long does it take to sell a home in Armada, MI?

Average Sale Time

Aug 2024Sep 2024CHANGE
35 Days17 Days-51.9%

Summary: Homes in Armada had an average of 17 days on market in Sep 2024, down by 51.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 homes were sold in Armada; 100% of homes were sold within 30 days, 0% 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 30 Days Ago

Newest Listings in Armada, MI

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