Is Garden City, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garden City is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Garden City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Garden City, IN

How much do homes in Garden City, IN cost?

Median Sold Price

$175,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,050(+9.4%)

Key Takeaway

Homes in Garden City have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Garden City was $175,000 in September 2024, up 9.4% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $90K$79.5K
-11.7%
2 $119.2K$133.9K
+12.3%
3 $175K$191.9K
+9.7%
4 $163K$205K
+25.8%
5+ $160.7K$338K
+110.3%

Summary: Garden City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 110.3%.

Housing Supply in Garden City, IN

How many homes are available in Garden City, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3444+29.4%

Summary: The Garden City real estate market had 44 homes for sale in September 2024, a 29.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 1822
+22.2%
4 56
+20.0%
5+ 46
+50.0%

Summary: The Garden City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
514+180.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Garden City in September 2024, up by 180.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 50% were sold at asking, and 21% were sold over asking.

Days on Market for Garden City, IN

How long does it take to sell a home in Garden City, IN?

Average Sale Time

Sep 2023Sep 2024CHANGE
10 Days23 Days+119.9%

Summary: Homes in Garden City had an average of 23 days on market in Sep 2024, up by 119.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garden City are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 14 homes were sold in Garden City; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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 17 Days Ago

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