$2,672 Closing Credit*
$225,000
1,166 SqFt
3 Beds
•2 Full Baths
Debra McDaniel, Listing Office: Toles, Temple & Wright, Inc.
Is Armuchee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Armuchee has remained a Seller's Market.
Key Takeaway
Armuchee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Armuchee, GA
How much do homes in Armuchee, GA cost?
Median Sold Price
$294,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,422(+7.1%)
Key Takeaway
Homes in Armuchee have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Armuchee was $294,000 in October 2024, up 7.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $189K | +30.3% |
| 3 Bedrooms | $260K | $275K | +5.8% |
| 4 Bedrooms | $353.5K | $380K | +7.5% |
| 5+ Bedrooms | $640K | $695K | +8.6% |
Summary: Armuchee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Armuchee | $274.5K | $294K | +7.1% |
| Rome | $234.9K | $247.7K | +5.4% |
Housing Supply in Armuchee, GA
How many homes are available in Armuchee, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 92 | +1.1% |
Summary: The Armuchee real estate market had 92 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 45 | 46 | +2.2% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Armuchee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Armuchee, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Armuchee in October 2024, up by 13.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 44% were sold at asking, and 13% were sold over asking.
Days on Market for Armuchee, GA
How long does it take to sell a home in Armuchee, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 48 Days | -1.2% |
Summary: Homes in Armuchee had an average of 48 days on market in Oct 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Armuchee are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Armuchee; 65% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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