$79,900
Land
Listing Office: Wits Realty
Is Garrison, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | $110K | -38.9% |
| 2 Bedrooms | $190K | $260K | +36.8% |
| 3 Bedrooms | $270K | $302.5K | +12.0% |
| 4 Bedrooms | $365K | $330K | -9.6% |
| 5+ Bedrooms | $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 | $255K | $295K | +15.7% |
| Garrison | $240K | $270.5K | +12.7% |
Housing Supply in Garrison, MN
How many homes are available in Garrison, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 91 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
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.
