Is Augusta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Augusta was a Buyer's Market.
Housing Prices in Augusta, MI
How much do homes in Augusta, MI cost?
Median Sold Price
$308,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Augusta was $308,000 in February 2024, up 20.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $37K | N/A |
2 Bedrooms | $144K | $171.7K | +19.3% |
3 Bedrooms | $230K | $290K | +26.1% |
4 Bedrooms | $440K | $490K | +11.4% |
5+ Bedrooms | $552.5K | $548.4K | -0.7% |
Summary: Augusta housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Augusta | $255K | $308K | +20.8% |
Ross Township | $430K | $390K | -9.3% |
Housing Supply in Augusta, MI
How many homes are available in Augusta, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Summary: The Augusta real estate market had 11 homes for sale in February 2024, a 37.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Augusta housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Augusta in February 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Augusta, MI
How long does it take to sell a home in Augusta, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
41 Days | 30 Days | -25.6% |
Summary: Homes in Augusta had an average of 30 days on market in Feb 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Augusta; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.