Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | 1 | 3 | 7 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 3 | 8 |
Acreage buckets
The median price for land in Garfield, Minnesota is currently $14K per acre. For a typical parcel, the median sale price is $35K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $33K while premium lots reached $82K.
Garfield, Minnesota is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Garfield, Minnesota currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
The 3-month absorption rate in Garfield, Minnesota is 16.7%. The 12-month rate is 33.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Garfield, Minnesota saw 8 properties sold, totaling $413K in sales volume. In just the last 3 months, 1 properties changed hands.
The median land price in Garfield, Minnesota stands at $35K. This translates to roughly $14K per acre for the typical parcel size. The average price is $52K, indicating some higher-priced properties pulling up the average.
There are currently 2 active listings in Garfield, Minnesota. 1 new listings have hit the market in the last 90 days. The median asking price is $371K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
