$1,366 Closing Credit*
$115,000
1,838 SqFt
3 Beds
•2 Full Baths
Rob Duzak, Listing Office: Opul Realty
Is Garden City, MI 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, MI
How much do homes in Garden City, MI cost?
Median Sold Price
$202,384
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,384(+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 $202,384 in November 2024, up 9.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $130K | $150.5K | +15.8% |
| 3 Bedrooms | $189K | $205.3K | +8.6% |
| 4 Bedrooms | $185K | $209K | +13.0% |
| 5+ Bedrooms | $200K | $255K | +27.5% |
Summary: Garden City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Cities
| Inkster | $92K | $112K | +21.7% |
| Dearborn Heights | $185K | $205K | +10.8% |
| Garden City | $185K | $202.3K | +9.4% |
| Westland | $192.5K | $210K | +9.1% |
Housing Supply in Garden City, MI
How many homes are available in Garden City, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 83 | -12.6% |
Summary: The Garden City real estate market had 83 homes for sale in November 2024, a 12.6% decrease 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 | 15 | 12 | -20.0% |
| 3 Bedrooms | 73 | 65 | -11.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 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 20%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 24 | -25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 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. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Garden City in November 2024, down by 25.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for Garden City, MI
How long does it take to sell a home in Garden City, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 17 Days | -14.1% |
Summary: Homes in Garden City had an average of 17 days on market in Nov 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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, 24 homes were sold in Garden City; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.