Is Armada Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Armada Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Armada Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Armada Township, MI

How much do homes in Armada Township, MI cost?

Median Sold Price

$422,500

$178/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$147,500(-25.9%)

Key Takeaway

Homes in Armada Township have sold for 25.9% less than they did a month ago.

Summary: The median home sold price in Armada Township was $422,500 in November 2024, down 25.9% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$225.5K
N/A
3 $275K$811.2K
+195.0%
4 $590K$262.5K
-55.5%
5+ --
N/A

Summary: Armada Township housing prices by bedroom type for November 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 increased by 195%, 4 bedroom homes decreased by 55.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Armada Township
-25.9%
Armada
-25.9%

Housing Supply in Armada Township, MI

How many homes are available in Armada Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2118-14.3%

Summary: The Armada Township real estate market had 18 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1111
0.0%
4 85
-37.5%
5+ 11
0.0%

Summary: The Armada Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Armada Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Armada Township in November 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Armada Township, MI

How long does it take to sell a home in Armada Township, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days31 Days-42.4%

Summary: Homes in Armada Township had an average of 31 days on market in Nov 2024, down by 42.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Armada Township has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Armada Township; 40% of homes were sold within 30 days, 60% 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 20 Days Ago

Newest Listings in Armada Township, MI

Nearby Markets to Armada Township, MI

What housing markets are near Armada Township, MI?