Your Idaho Real Estate Market Report

Garden City, ID

Single-Family Homes

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Garden City, ID

Wed Apr 24 2024
This week the median list price for Garden City, ID is $851,400 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 92. Click here to stay informed with the Garden City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Garden City, ID

Wed Apr 24 2024
This week the median list price for Garden City, ID is $851,400 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 92. Click here to stay informed with the Garden City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Garden City market.
Median List Price $851,400
Median Price of New Listings $719,000
Per Square Foot $330
Average Days on Market 67
Median Days on Market 32
Price Decreased 36%
Price Increased 12%
Relisted 8%
Inventory 92
Median Rent
Market Action 40
Slight Seller's Advantage

The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,553,899 3,655 0.25 - 0.5 acre 4 4 2 1 0 28
$1,049,000 3,053 0.25 - 0.5 acre 3 3 3 6 1 35
$658,000 2,316 4,500 - 6,500 sqft 3 3 6 7 0 21
$509,990 1,546 0 - 4,500 sqft 3 3 6 7 2 49