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
Since last month, Armada has remained a Seller's Market.
Housing Prices in Armada, MI
How much do homes in Armada, MI cost?
Median Sold Price
$399,900
$194/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Armada was $399,900 in April 2024, up 3.9% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | - | N/A |
3 Bedrooms | $255K | - | N/A |
4 Bedrooms | $420K | $432.4K | +3.0% |
5+ Bedrooms | - | $279K | N/A |
Summary: Armada housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Armada | $385K | $399.9K | +3.9% |
Armada Township | $385K | $399.9K | +3.9% |
Housing Supply in Armada, MI
How many homes are available in Armada, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Summary: The Armada real estate market had 13 homes for sale in April 2024, a 44.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Armada housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Armada in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 12 Days | -80.6% |
Summary: Homes in Armada had an average of 12 days on market in Apr 2024, down by 80.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 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.