Is Garden Ridge, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Garden Ridge has remained a Buyer's Market.
Housing Prices in Garden Ridge, TX
How much do homes in Garden Ridge, TX cost?
Median Sold Price
$634,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Garden Ridge was $634,000 in May 2024, down 6.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $645K | $573.5K | -11.1% |
4 Bedrooms | $675K | $645K | -4.4% |
5+ Bedrooms | $785K | $815K | +3.8% |
Summary: Garden Ridge 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 did not change, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in Garden Ridge, TX
How many homes are available in Garden Ridge, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 36 | +9.1% |
Summary: The Garden Ridge real estate market had 36 homes for sale in May 2024, a 9.1% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Garden Ridge 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Garden Ridge in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Garden Ridge, TX
How long does it take to sell a home in Garden Ridge, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 39 Days | +387.5% |
Summary: Homes in Garden Ridge had an average of 39 days on market in May 2024, up by 387.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Garden Ridge; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.