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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greater Gardendale is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Greater Gardendale was a Seller's Market.

Key Takeaway

Greater Gardendale 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 Greater Gardendale, TX

How much do homes in Greater Gardendale, TX cost?

Median Sold Price

$165,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$7,500(+4.8%)

Key Takeaway

Homes in Greater Gardendale have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Greater Gardendale was $165,000 in December 2024, up 4.8% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $86.5K$65K
-24.9%
2 $108.9K$79K
-27.5%
3 $165K$170K
+3.0%
4 $195K$225K
+15.4%
5+ $355.9K$158.5K
-55.5%

Summary: Greater Gardendale housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes decreased by 27.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 55.5%.

Housing Supply in Greater Gardendale, TX

How many homes are available in Greater Gardendale, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4648+4.3%

Summary: The Greater Gardendale real estate market had 48 homes for sale in December 2024, a 4.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 1111
0.0%
3 2022
+10.0%
4 1312
-7.7%
5+ 22
0.0%

Summary: The Greater Gardendale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greater Gardendale, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Greater Gardendale in December 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Greater Gardendale, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
81 Days76 Days-5.9%

Summary: Homes in Greater Gardendale had an average of 76 days on market in Dec 2024, down by 5.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greater Gardendale has remained consistent over time.

Summary: During December 2024, 8 homes were sold in Greater Gardendale; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% 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 8 Days Ago

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