Is Gardendale, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gardendale is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Gardendale was a Neutral Market.

Key Takeaway

Gardendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gardendale, TX

How much do homes in Gardendale, TX cost?

Median Sold Price

$40,000

$63/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$25,000(-38.5%)

Key Takeaway

Homes in Gardendale have sold for 38.5% less than they did a month ago.

Summary: The median home sold price in Gardendale was $40,000 in October 2024, down 38.5% from last month, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $65K$25.5K
-60.8%
2 $57.5K$40K
-30.4%
3 -$51K
N/A
4 --
N/A
5+ --
N/A

Summary: Gardendale housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 60.8%, 2 bedroom homes decreased by 30.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Gardendale, TX

How many homes are available in Gardendale, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2017-15.0%

Summary: The Gardendale real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 76
-14.3%
3 109
-10.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Gardendale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gardendale, 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 Gardendale in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Gardendale, TX

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

Average Sale Time

Sep 2024Oct 2024CHANGE
155 Days37 Days-76.2%

Summary: Homes in Gardendale had an average of 37 days on market in Oct 2024, down by 76.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Gardendale has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Gardendale; 33% of homes were sold within 30 days, 67% 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 5 Days Ago

Newest Listings in Gardendale, TX

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