Is Garden District, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garden District is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Garden District was a Seller's Market.

Key Takeaway

Garden District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Garden District, AL

How much do homes in Garden District, AL cost?

Median Sold Price

$97,500

$61/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$117,500(-54.7%)

Key Takeaway

Homes in Garden District have sold for 54.7% less than they did a year ago.

Summary: The median home sold price in Garden District was $97,500 in December 2024, down 54.7% from last year, and the median price per square foot was $61.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $207.6K$87.5K
-57.9%
3 $210K$134K
-36.2%
4 $246.5K$185K
-24.9%
5+ $242K$400K
+65.3%

Summary: Garden District housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.9%, 3 bedroom homes decreased by 36.2%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes increased by 65.3%.

Housing Supply in Garden District, AL

How many homes are available in Garden District, AL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1615-6.3%

Summary: The Garden District real estate market had 15 homes for sale in December 2024, a 6.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 67
+16.7%
4 54
-20.0%
5+ 22
0.0%

Summary: The Garden District 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 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden District, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Garden District in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Garden District, AL

How long does it take to sell a home in Garden District, AL?

Average Sale Time

Dec 2023Dec 2024CHANGE
238 Days187 Days-21.7%

Summary: Homes in Garden District had an average of 187 days on market in Dec 2024, down by 21.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Garden District are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 1 homes were sold in Garden District; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 1 Day Ago

Newest Listings in Garden District, AL

Nearby Markets to Garden District, AL