Is Garrison, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garrison is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, Garrison has remained a Neutral Market.

Key Takeaway

Garrison is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Garrison, MN

How much do homes in Garrison, MN cost?

Median Sold Price

$270,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,500(+12.7%)

Key Takeaway

Homes in Garrison have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Garrison was $270,500 in October 2024, up 12.7% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $179.9K$110K
-38.9%
2 $190K$260K
+36.8%
3 $270K$302.5K
+12.0%
4 $365K$330K
-9.6%
5+ $511.5K$419K
-18.1%

Summary: Garrison housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 18.1%.

Median Sold Price Compared To Nearby Cities

Garrison Township
+15.7%
Garrison
+12.7%

Housing Supply in Garrison, MN

How many homes are available in Garrison, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1921+10.5%

Summary: The Garrison real estate market had 21 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 55
0.0%
3 1011
+10.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The Garrison housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were 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 Garrison, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Garrison in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Garrison, MN

How long does it take to sell a home in Garrison, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days91 Days+550.0%

Summary: Homes in Garrison had an average of 91 days on market in Oct 2024, up by 550% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Garrison; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in Garrison, MN

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