Is Armada, MI 48005 a buyer’s or seller’s market?
Armada is a seller’s market. With about 1.3 months of supply and 35% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.3Under 4 months = seller’s market
Sold above original list35%Share of sales, last 3 months
Median sale-to-list100.1%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$181▼ −0.8% vs. last year
Run the numbers for 48005
Nearby markets
Center Line 48015Seller’s market $142 /sq ftClinton Township 48035Seller’s market $160 /sq ftClinton Township 48036Seller’s market $137 /sq ftClinton Township 48038Seller’s market $166 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology