Garfield, MN Foreclosures
Current Market Conditions in in Garfield, MN As of April 2026?
Over the past month, Garfield's real estate market has seen a slight increase in buyer activity as the summer season draws in more visitors. With several new listings coming onto the market, prospective buyers have a wider selection to choose from, although this increase in supply may still not fully meet demand, keeping prices steady.
How much do homes sell for in Garfield, MN?
The average home price is currently $428,550.
What’s the average rental cost in Garfield, MN?
The average rental price in Garfield is $1,662.
What is the most expensive home in Garfield?
The most expensive home sold in Garfield had a price of $7,745,100.
What is currently the cheapest priced home in Garfield, MN?
The cheapest home for sale in Garfield is priced at $13,624.
Living in Garfield, MN
Garfield, Minnesota, is a charming small town known for its serene lakes and vibrant community. With ample outdoor recreational opportunities, it offers a laid-back lifestyle for families and retirees alike. Residents enjoy quick access to nearby larger towns for additional amenities without sacrificing the peaceful rural setting.
Buyer vs Seller Market in Garfield, MN
The real estate market in Garfield is characterized by a stable demand for homes, driven by its scenic environment and friendly community atmosphere. Listings often experience healthy interest, particularly among buyers looking for vacation homes or retirement properties.
Currently, home prices in Garfield have shown modest appreciation over the past year, reflecting the desire for affordable housing in a picturesque area. The inventory is relatively limited, leading to increased competition among buyers, particularly in the warmer months when activity typically rises.
Home Value Estimator For Garfield, MN
There are currently 789 real estate properties
in Garfield, MN,
with a median automated valuation model (AVM) price
of $388,209.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Garfield, 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 Garfield, MN,
is $428,550.00, with the most expensive house
in Garfield, MN, topping out
at $7,745,100.00 and the cheapest home
in Garfield, MN,
clocking in at $13,624.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Garfield, MN!
Rent Prices
In Garfield, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Garfield, MN, is on
a rollercoaster ride. The
average rent price in Garfield, MN,
is $1,662.00. Indeed, when looking to rent in
Garfield, MN, you can expect to pay as little
as $790.00 or as much
as $2,920.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Garfield, 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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