Altos Research

Garden City, MI

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Garden City, MI

Sun Sep 22 2019
This week the median list price for Garden City, MI is $134,900 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 84. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Garden City, MI

Sun Sep 22 2019
This week the median list price for Garden City, MI is $134,900 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has held steady at or around 84. 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.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Garden City market.
Median List Price $134,900
Per Square Foot $120
Days on Market 79
Price Decreased 35%
Price Increased 14%
Relisted 18%
Inventory 84
Median House Rent $1,100
Most Expensive $249,900
Least Expensive $62,969
Market Action Index
Strong Seller's Market
46

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$176,900 1,590 0.25 - 0.5 acre 3 2 62 2 1 83
$140,000 1,065 6,500 - 8,000 sqft 3 1 65 3 2 87
$129,500 989 6,500 - 8,000 sqft 3 1 66 2 3 68
$109,900 973 6,500 - 8,000 sqft 3 1 66 5 4 77