Is Garden City, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garden City is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Garden City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Garden City, GA

How much do homes in Garden City, GA cost?

Median Sold Price

$252,500

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$46,250(+22.4%)

Key Takeaway

Homes in Garden City have sold for 22.4% more than they did a year ago.

Summary: The median home sold price in Garden City was $252,500 in March 2024, up 22.4% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $150K$200K
+33.3%
3 $215K$245K
+14.0%
4 $264.9K$269K
+1.5%
5+ $263.9K$425K
+61.0%

Summary: Garden City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 61%.

Median Sold Price Compared To Nearby Cities

Garden City
+22.4%
Savannah
+18.4%
Port Wentworth
+16.8%
Pooler-Bloomingdale
+11.8%

Housing Supply in Garden City, GA

How many homes are available in Garden City, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1617+6.3%

Summary: The Garden City real estate market had 17 homes for sale in March 2024, a 6.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 66
0.0%
4 54
-20.0%
5+ 03
+100.0%

Summary: The Garden City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden City, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Garden City in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Garden City, GA

How long does it take to sell a home in Garden City, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
11 Days4 Days-63.6%

Summary: Homes in Garden City had an average of 4 days on market in Mar 2024, down by 63.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garden City are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in Garden City; 33% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Garden City, GA

Nearby Markets to Garden City, GA

What housing markets are near Garden City, GA?