Single-Family Homes
Fri Apr 19 2024
This week the median list price for Garden City, MI is $219,900 with the market action index hovering around 60. This is less than last month's market action index of 65. Inventory has increased to 27.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $219,900 | |
Median Price of New Listings | $234,450 | |
Per Square Foot | $152 | |
Average Days on Market | 60 | |
Median Days on Market | 21 | |
Price Decreased | 30% | |
Price Increased | 0% | |
Relisted | 11% | |
Inventory | 27 | |
Median Rent | ||
Market Action | 60 | |
Strong Seller's Market |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$277,350 | 2,151 | 8,000 - 10,000 sqft | 3 | 2 | 63 | 2 | 0 | 42 |
$230,000 | 1,662 | 0.25 - 0.5 acre | 3 | 2 | 69 | 3 | 1 | 21 |
$205,000 | 1,207 | 8,000 - 10,000 sqft | 4 | 1 | 71 | 1 | 1 | 63 |
$164,900 | 1,177 | 8,000 - 10,000 sqft | 3 | 1 | 78 | 2 | 1 | 7 |