$8,906 Closing Credit*
$749,999
2,754 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50162213, Jonathan Minerick, Listing Office: HomeCoin.com
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.
Key Takeaway
Armada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Armada, MI
How much do homes in Armada, MI cost?
Median Sold Price
$510,000
$230/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$87,500(+20.7%)
Key Takeaway
Homes in Armada have sold for 20.7% more than they did a month ago.
Summary: The median home sold price in Armada was $510,000 in December 2024, up 20.7% from last month, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225.5K | - | N/A |
| 3 Bedrooms | $811.2K | $510K | -37.1% |
| 4 Bedrooms | $262.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Armada housing prices by bedroom type for December 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 decreased by 37.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Armada | $422.5K | $510K | +20.7% |
| Armada Township | $422.5K | $510K | +20.7% |
Housing Supply in Armada, MI
How many homes are available in Armada, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Armada real estate market had 13 homes for sale in December 2024, a 23.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Armada housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Armada, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Armada in December 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 Days | 22 Days | -29.8% |
Summary: Homes in Armada had an average of 22 days on market in Dec 2024, down by 29.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Armada are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 3 homes were sold in Armada; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.