$1,364 Closing Credit*
$114,900
1,152 SqFt
3 Beds
•1 Full Bath
Christopher Wynkoop, Listing Office: Wynkoop Brokerage Firm, LLC
Is Garden City, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$174,450
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,950(+5.4%)
Key Takeaway
Homes in Garden City have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Garden City was $174,450 in November 2024, up 5.4% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $79.5K | -0.6% |
| 2 Bedrooms | $135.5K | $130K | -4.1% |
| 3 Bedrooms | $182K | $181.4K | -0.3% |
| 4 Bedrooms | $157K | $257.5K | +64.0% |
| 5+ Bedrooms | $160.7K | $369.9K | +130.1% |
Summary: Garden City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 64%, and 5+ bedroom homes increased by 130.1%.
Housing Supply in Garden City, IN
How many homes are available in Garden City, IN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The Garden City real estate market had 50 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 5 | -50.0% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Garden City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garden City, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Garden City in November 2024, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 27 Days | +63.5% |
Summary: Homes in Garden City had an average of 27 days on market in Nov 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Garden City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Garden City; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.