Is Garden Ridge, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garden Ridge is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Garden Ridge was a Buyer's Market.

Key Takeaway

Garden Ridge 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 Garden Ridge, TX

How much do homes in Garden Ridge, TX cost?

Median Sold Price

$775,000

$204/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$25,000(+3.3%)

Key Takeaway

Homes in Garden Ridge have sold for 3.3% more than they did a month ago.

Summary: The median home sold price in Garden Ridge was $775,000 in November 2024, up 3.3% from last month, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$425K
N/A
4 $750K$349.9K
-53.3%
5+ -$960K
N/A

Summary: Garden Ridge housing prices by bedroom type for November 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 decreased by 53.3%, and 5+ bedroom homes did not change.

Housing Supply in Garden Ridge, TX

How many homes are available in Garden Ridge, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3433-2.9%

Summary: The Garden Ridge real estate market had 33 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 610
+66.7%
4 2318
-21.7%
5+ 55
0.0%

Summary: The Garden Ridge 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden Ridge, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Garden Ridge in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Garden Ridge, TX

How long does it take to sell a home in Garden Ridge, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
69 Days84 Days+21.7%

Summary: Homes in Garden Ridge had an average of 84 days on market in Nov 2024, up by 21.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Garden Ridge has remained consistent over time.

Summary: During November 2024, 5 homes were sold in Garden Ridge; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

Newest Listings in Garden Ridge, TX

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