$1,781 Closing Credit*
$150,000
822 SqFt
2 Beds
•1 Full Bath, 1 Partial
Monica Reynolds, Listing Office: Coldwell Banker Realty
Is Garfield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Garfield was a Seller's Market.
Key Takeaway
Garfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Garfield, PA
How much do homes in Garfield, PA cost?
Median Sold Price
$249,900
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,900(+8.7%)
Key Takeaway
Homes in Garfield have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Garfield was $249,900 in November 2024, up 8.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | - | N/A |
| 2 Bedrooms | $105K | $165K | +57.1% |
| 3 Bedrooms | $351.7K | $255K | -27.5% |
| 4 Bedrooms | $225K | $255K | +13.3% |
| 5+ Bedrooms | $459.1K | $1.2M | +161.4% |
Summary: Garfield 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 57.1%, 3 bedroom homes decreased by 27.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 161.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Lawrenceville | $375K | $450K | +20.0% |
| Stanton Heights | $258.7K | $306.9K | +18.6% |
| Garfield | $230K | $249.9K | +8.7% |
| Lawrenceville | $367.4K | $393K | +7.0% |
| East Liberty | $590K | $412K | -30.2% |
Housing Supply in Garfield, PA
How many homes are available in Garfield, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Garfield real estate market had 26 homes for sale in November 2024, a 8.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Garfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Garfield in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Garfield, PA
How long does it take to sell a home in Garfield, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 94 Days | 93 Days | -1.5% |
Summary: Homes in Garfield had an average of 93 days on market in Nov 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Garfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Garfield; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
