$10,000 Closing Credit*
$1,300,000
3,584 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cheryl Wilson, Listing Office: RE/MAX Eclipse
Is Armada, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Armada has remained a Seller's Market.
Key Takeaway
Armada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Armada, MI
How much do homes in Armada, MI cost?
Median Sold Price
$362,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$51,050(+16.4%)
Key Takeaway
Homes in Armada have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Armada was $362,500 in August 2024, up 16.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $240K | -12.7% |
| 3 Bedrooms | $301.9K | $280K | -7.3% |
| 4 Bedrooms | $365K | $441.5K | +21.0% |
| 5+ Bedrooms | - | $530K | N/A |
Summary: Armada housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 21%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Armada | $311.4K | $362.5K | +16.4% |
| Armada Township | $311.4K | $362.5K | +16.4% |
Housing Supply in Armada, MI
How many homes are available in Armada, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Armada real estate market had 24 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Armada housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Armada, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Armada in August 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 7 Days | 35 Days | +404.8% |
Summary: Homes in Armada had an average of 35 days on market in Aug 2024, up by 404.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Armada are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 6 homes were sold in Armada; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.