Balanced Market · avg house price $1,605,000 · 3 houses sold (30d) · 18 days on market
The Garden City, Richmond house market is balanced, giving both buyers and sellers reasonable negotiating power. In the past 30 days, 3 houses and detached homes sold across Garden City, Richmond at an average sold price of $1,605,000. Properties are selling in an average of 18 days on the market. The absorption rate is 18.8% — meaning 18.8% of the active house inventory sells each month. Average house prices in Garden City, Richmond are down 12.4% compared to the 90-day average of $1,831,333.
Explore the full profile & sale history for recently sold Garden City homes.
12-month average house sold price
| Month | Sold | Avg price | $/sqft | Avg DOM |
|---|---|---|---|---|
| November | 1 | $1,800,000 | $610 | 38 days |
| October | 2 | $1,507,500 | $622 | 22 days |
| September | 2 | $2,126,500 | $609 | 7 days |
| August | 1 | $1,920,000 | $651 | 11 days |
| July | 3 | $1,735,667 | $811 | 22 days |
| June | 5 | $1,948,200 | $630 | 47 days |
| May | 1 | $1,325,000 | $752 | 43 days |
| April | 2 | $1,455,000 | $669 | 7 days |
| March | 6 | $1,523,550 | $687 | 68 days |
| February | 3 | $2,190,000 | $767 | 44 days |
| December | 1 | $4,388,000 | $852 | 13 days |
Monthly MLS® sold homes over the last 12 months. Months with no recorded sales are omitted; a single sale can swing a month's average in lower-volume areas.
Garden City is a Balanced Market for detached homes and houses (absorption rate: 18.8%, 3 sold vs 16 active listings in the last 30 days).