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 buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Garden Ridge has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Garden Ridge, TX

How much do homes in Garden Ridge, TX cost?

Median Sold Price

$712,500

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$120,100(+20.3%)

Key Takeaway

Homes in Garden Ridge have sold for 20.3% more than they did a year ago.

Summary: The median home sold price in Garden Ridge was $712,500 in October 2024, up 20.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $550K$563.5K
+2.5%
4 $645K$763K
+18.3%
5+ $785K$1.0M
+30.6%

Summary: Garden Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Cities

Garden Ridge
+20.3%
Schertz
-3.4%
Schertz
-5.3%

Housing Supply in Garden Ridge, TX

How many homes are available in Garden Ridge, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3537+5.7%

Summary: The Garden Ridge real estate market had 37 homes for sale in October 2024, a 5.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 89
+12.5%
4 2023
+15.0%
5+ 75
-28.6%

Summary: The Garden Ridge 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 12.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 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 Garden Ridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Garden Ridge in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% 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 2023Oct 2024CHANGE
40 Days41 Days+3.8%

Summary: Homes in Garden Ridge had an average of 41 days on market in Oct 2024, up by 3.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 2 homes were sold in Garden Ridge; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Garden Ridge, TX

Nearby Markets to Garden Ridge, TX

What housing markets are near Garden Ridge, TX?