Garden City, MN Foreclosures
Current Market Conditions in in Garden City, MN As of February 2026?
In the past month, the real estate market in Garden City, MN, has experienced a notable uptick in activity. Inventory levels have slightly increased, allowing for more options for prospective buyers. However, with the overall demand still exceeding supply, homes are still selling relatively fast. The average selling price has seen a slight increase, indicating that buyers are willing to pay competitive prices for desirable properties. Overall conditions remain favorable for sellers, while buyers need to act promptly in this fast-paced environment.
How much do homes sell for in Garden City, MN?
The average home price is currently $447,325.
What’s the average rental cost in Garden City, MN?
The average rental price in Garden City is $1,609.
What is the most expensive home in Garden City?
The most expensive home sold in Garden City had a price of $3,731,889.
What is currently the cheapest priced home in Garden City, MN?
The cheapest home for sale in Garden City is priced at $15,552.
Living in Garden City, MN
Garden City is a charming community nestled in southern Minnesota, offering a peaceful atmosphere with a touch of rural charm. Its friendly neighborhoods and small-town feel make it an ideal place for families and individuals seeking a quieter lifestyle. With access to nature and local amenities, residents can enjoy both tranquility and convenience.
Buyer vs Seller Market in Garden City, MN
The real estate market in Garden City, MN, has shown consistent growth over the last year, primarily due to its appealing lifestyle, family-friendly environment, and affordability compared to nearby urban areas. Homes have seen steady appreciation in value, making it a promising area for both first-time buyers and real estate investors. The demand for housing is growing as more people seek refuge from busier city life, opting for smaller communities with ample green spaces and a slower pace of life.
As of the latest reports, the market remains competitive. Inventory levels have remained relatively low, leading to more buyer interest in available homes. Many properties are receiving multiple offers, especially those that are well-maintained and priced correctly, indicating strong buyer appetite.
Home Value Estimator For Garden City, MN
There are currently 236 real estate properties
in Garden City, MN,
with a median automated valuation model (AVM) price
of $300,234.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Garden City, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Garden City, MN,
is $447,325.00, with the most expensive house
in Garden City, MN, topping out
at $3,731,889.00 and the cheapest home
in Garden City, MN,
clocking in at $15,552.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Garden City, MN!
Rent Prices
In Garden City, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Garden City, MN, is on
a rollercoaster ride. The
average rent price in Garden City, MN,
is $1,609.00. Indeed, when looking to rent in
Garden City, MN, you can expect to pay as little
as $820.00 or as much
as $3,350.00,
with the average rent median estimated to
be $1,510.00. The good news is that finding
an affordable and desirable property to rent in Garden City, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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