Altos Research

Garden City, MI

Single-Family Homes

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



Garden City, MI

Wed Dec 12 2018
This week the median list price for Garden City, MI is $129,900 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 72. Click here to stay informed with the Garden City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Wed Dec 12 2018
This week the median list price for Garden City, MI is $129,900 with the market action index hovering around 45. This is less than last month's market action index of 49. Inventory has held steady at or around 72. Click here to stay informed with the Garden City market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $129,900
Per Square Foot $114
Days on Market 55
Price Decreased 56%
Price Increased 1%
Relisted 8%
Inventory 72
Median House Rent
Most Expensive $289,900
Least Expensive $55,100
Market Action Index
Strong Seller's Market
45

The market is 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
$171,450 1,332 8,000 - 10,000 sqft 3 2 60 5 0 60
$139,900 1,133 6,500 - 8,000 sqft 3 1 62 0 0 54
$119,500 1,006 6,500 - 8,000 sqft 3 1 63 3 0 53
$84,900 870 8,000 - 10,000 sqft 2 1 74 4 1 54