Is Augusta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Augusta has remained a Seller's Market.
Housing Prices in Augusta, MI
How much do homes in Augusta, MI cost?
Median Sold Price
$300,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Augusta was $300,000 in March 2024, up 16.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $37K | N/A |
2 Bedrooms | $144K | $171.7K | +19.3% |
3 Bedrooms | $254.2K | $290K | +14.1% |
4 Bedrooms | $440K | $490K | +11.4% |
5+ Bedrooms | $643K | $640.4K | -0.4% |
Summary: Augusta housing prices by bedroom type for March 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 14.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Augusta | $257.2K | $300K | +16.6% |
Ross Township | $430K | $415K | -3.5% |
Housing Supply in Augusta, MI
How many homes are available in Augusta, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Summary: The Augusta real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Augusta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Augusta in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
3 Days | 31 Days | +804.8% |
Summary: Homes in Augusta had an average of 31 days on market in Mar 2024, up by 804.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Augusta; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.