Is Gardendale, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Gardendale was a Seller's Market.
Housing Prices in Gardendale, TX
How much do homes in Gardendale, TX cost?
Median Sold Price
$120,750
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gardendale was $120,750 in May 2024, up 11.8% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.4K | - | N/A |
2 Bedrooms | $87.5K | $75K | -14.3% |
3 Bedrooms | $165K | $134.7K | -18.3% |
4 Bedrooms | - | $124K | N/A |
5+ Bedrooms | $125K | $172K | +37.6% |
Summary: Gardendale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 37.6%.
Median Sold Price Compared To Nearby Neighborhoods
Prospect Hill | $130K | $205.9K | +58.5% |
Gardendale | $107.9K | $120.7K | +11.8% |
Woodlawn Lake | $259.5K | $188.7K | -27.3% |
Housing Supply in Gardendale, TX
How many homes are available in Gardendale, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Summary: The Gardendale real estate market had 28 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Gardendale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Gardendale in May 2024, up by 200.0% 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 Gardendale, TX
How long does it take to sell a home in Gardendale, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 33 Days | -34.0% |
Summary: Homes in Gardendale had an average of 33 days on market in May 2024, down by 34% compared to last year.
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
Summary: During May 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.