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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Augusta is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Augusta was a Buyer's Market.

Key Takeaway

Augusta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$53,000(+20.8%)

Key Takeaway

Homes in Augusta have sold for 20.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$37K
N/A
2 $144K$171.7K
+19.3%
3 $230K$290K
+26.1%
4 $440K$490K
+11.4%
5+ $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
+20.8%
Ross Township
-9.3%

Housing Supply in Augusta, MI

How many homes are available in Augusta, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
811+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 56
+20.0%
4 00
0.0%
5+ 22
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 2024Feb 2024CHANGE
14+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Augusta, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
41 Days30 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Augusta, MI

Nearby Markets to Augusta, MI

What housing markets are near Augusta, MI?