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

Last month, Armada Township was a Buyer'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

$570,000

$200/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$267,000(+88.1%)

Key Takeaway

Homes in Armada Township have sold for 88.1% more than they did a month ago.

Summary: The median home sold price in Armada Township was $570,000 in October 2024, up 88.1% from last month, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $303K-
N/A
3 -$275K
N/A
4 -$590K
N/A
5+ --
N/A

Summary: Armada Township housing prices by bedroom type for October 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Armada Township
+88.1%
Armada
+88.1%
Berlin Township
-42.8%

Housing Supply in Armada Township, MI

How many homes are available in Armada Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1823+27.8%

Summary: The Armada Township real estate market had 23 homes for sale in October 2024, a 27.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 811
+37.5%
4 79
+28.6%
5+ 11
0.0%

Summary: The Armada Township 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 remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Armada Township in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
17 Days55 Days+224.7%

Summary: Homes in Armada Township had an average of 55 days on market in Oct 2024, up by 224.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 5 homes were sold in Armada Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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

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