Is Garden City, MN 56034 a buyer’s or seller’s market?
Garden City is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Garden City housing market right now
In the three months ending August 31, 2026, 0% of homes in Garden City, MN 56034 sold above their list price, the typical home went under contract in 11 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
The median sale price was $189,918, or about $116 per square foot.
Within Blue Earth County, homes here sell faster than in 70% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Lake Crystal 56055 (86% sold over asking) and Saint Clair 56080 (67% sold over asking) are even more competitive.
Run the numbers for 56034
Nearby markets
Amboy 56010Seller’s market $111 /sq ftEagle Lake 56024Seller’s market $162 /sq ftGood Thunder 56037Seller’s market $218 /sq ftLake Crystal 56055Buyer’s market $120 /sq ft Browse all markets →Where Garden City is
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Questions about Garden City real estate
Is Garden City a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Garden City, MN 56034 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Garden City?
The typical home went under contract in 11 days in the latest three months.
Do homes in Garden City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Garden City?
About 0.98% of a home’s value a year in Blue Earth County, or roughly $3,920 on a $400,000 home.
What is the median home price in Garden City?
The median sale price was $189,918 in the three months ending August 31, 2026, about $116 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology