Is Garfield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Garfield has remained a Buyer's Market.
Key Takeaway
Garfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Garfield, PA
How much do homes in Garfield, PA cost?
Median Sold Price
$230,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Garfield have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Garfield was $230,000 in April 2024, up 6.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $252.5K | N/A |
| 2 Bedrooms | $144.5K | $105K | -27.3% |
| 3 Bedrooms | $362.5K | $286K | -21.1% |
| 4 Bedrooms | $282.5K | $199.5K | -29.4% |
| 5+ Bedrooms | $205K | $665K | +224.4% |
Summary: Garfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 224.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Lawrenceville | $350K | $410K | +17.1% |
| Lawrenceville | $352.5K | $390K | +10.6% |
| Stanton Heights | $238K | $260.5K | +9.5% |
| Garfield | $215.5K | $230K | +6.7% |
Housing Supply in Garfield, PA
How many homes are available in Garfield, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The Garfield real estate market had 24 homes for sale in April 2024, a 41.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Garfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garfield, 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 Garfield in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Garfield, PA
How long does it take to sell a home in Garfield, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +94.3% |
Summary: Homes in Garfield had an average of 34 days on market in Apr 2024, up by 94.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Garfield; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
