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.
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
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
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
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.