Is Armada, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Armada was a Buyer's Market.
Key Takeaway
Armada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Armada, MI cost?
Median Sold Price
$304,000
$162/sqft
Based on all homes sold in August 2023.
Difference Since Last Month
Key Takeaway
Homes in Armada have sold for 96.1% more than they did a month ago.
Summary: The median home sold price in Armada was $304,000 in August 2023, up 96.1% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $245K | N/A |
| 3 Bedrooms | $155K | $374.2K | +141.4% |
| 4 Bedrooms | - | $334.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Armada housing prices by bedroom type for August 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 141.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Armada | $155K | $304K | +96.1% |
| Armada Township | $155K | $304K | +96.1% |
Housing Supply
How many homes are available in Armada, MI?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Armada real estate market had 12 homes for sale in August 2023, a 9.1% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Armada housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Armada, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Armada in August 2023, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market
How long does it take to sell a home in Armada, MI?
Average Sale Time
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -51.1% |
Summary: Homes in Armada had an average of 8 days on market in Aug 2023, down by 51.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Armada are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 5 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.