Armada Housing Market Report December 2024•Macomb County, Michigan

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Housing Prices in Armada, MI

How much do homes in Armada, MI cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Armada is a Seller's Market

Difference Since November 2024

Last month, Armada has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$510,000$230/SqFt
+$87,500
+20.7%

Based on all homes sold in December 2024

Insight

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 City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Armada Township
+20.7%
Armada
+20.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$225.5K-
N/A
3$811.2K$510K
-37.1%
4$262.5K-
N/A
5--
N/A

Summary: Armada housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -37.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Armada, MI

How many homes are available in Armada, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthDec 2024
172 months agoNov 2024
-23.5 %
Change MoMNov – Dec

Summary: The Armada real estate market had 13 homes for sale in Dec 2024, a 23.5 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthDec 2024
52 months agoNov 2024
-40.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
210
-100.0%
31110
-9.1%
442
-50.0%
511
0.0%

Summary: Armada housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -100.0%. The inventory for 3 bedroom homes decreased by -9.1%. The inventory for 4 bedroom homes decreased by -50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Armada, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price0 Home

Under Asking Price1 Home

Insight

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 and 67% were sold over asking.

Days on Market for Armada, MI

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
22 DaysLast MonthDec 2024
31 Days1 month agoNov 2024
-29.8 %
Change MoMNov – Dec

Summary: Homes in Armada had an average listing age of 22 days in Dec 2024, down by 29.8% compared to the previous month.

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Newest Listings in Armada, MI

What homes are available in Armada, MI?

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Nearby markets aren't available for Armada, MI

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Last updated on: 1/29/2025, 4:21:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/29/2025, 4:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.