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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garrison is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Garrison has remained a Buyer's Market.

Key Takeaway

Garrison is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Garrison, NY

How much do homes in Garrison, NY cost?

Median Sold Price

$899,000

$609/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$61,000(-6.4%)

Key Takeaway

Homes in Garrison have sold for 6.4% less than they did a month ago.

Summary: The median home sold price in Garrison was $899,000 in October 2024, down 6.4% from last month, and the median price per square foot was $609.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$899K
N/A
3 -$595K
N/A
4 $960K$3.2M
+240.8%
5+ --
N/A

Summary: Garrison housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 240.8%, and 5+ bedroom homes did not change.

Housing Supply in Garrison, NY

How many homes are available in Garrison, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2933+13.8%

Summary: The Garrison real estate market had 33 homes for sale in October 2024, a 13.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1013
+30.0%
4 109
-10.0%
5+ 67
+16.7%

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 increased by 33.3%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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. 66.7% 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 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Garrison, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
5 Days226 Days+4433.3%

Summary: Homes in Garrison had an average of 226 days on market in Oct 2024, up by 4433.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Garrison are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Garrison; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 22 Days Ago

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