Garfield Ridge Market Report

90-day market data from Chicago MLS — updated February 10, 2026

Balanced Market
$340K Median Sale Price
24 Days to Contract
97.1% Sale-to-List Ratio
52 Homes Sold (90 days)

Source: MRED MLS, 90-day sold data. Updated February 10, 2026.

Example 2.5% commission on the Garfield Ridge median of $340K = $8,443. Net Gain's flat fee = $1,995.

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Price Band Breakdown

Where buyers are actually competing in Garfield Ridge

Price Range Sold Avg Days Sale-to-List Active
$300K-$350K Strongest Demand 14 18d 99% 2
$350K-$400K 15 20d 99% 10
$400K-$450K 2 31d 95% 3
$250K-$300K 11 60d 94% 5
$200K-$250K 2 94d 92% 0

The $300K-$350K range shows the strongest buyer demand with 14 sales averaging 18 days to contract . Currently 2 active listings competing.

Market Velocity

How fast the Garfield Ridge market is moving

33%
Price Reduction Rate
Avg 106 days before cut
24d
Median Days to Contract
Fastest 25%: 11 days
1.4
Months of Supply
25 active listings

33% of listings needed price reductions—a sign that accurate initial pricing is critical in Garfield Ridge.

Homes are taking 24 days to contract on average, though competitively priced properties move faster at 11 days.

With 1.4 months of inventory, this remains a seller's market where properly positioned listings have leverage.

What This Means for Your Listing

Commission savings at the Garfield Ridge median

Example 2.5% Commission
$8,443
Based on $340K median
vs
Up to $6K difference
Net Gain Flat Fee
$1,995
Same MLS exposure. Same professional service.
Commission rates are not set by law, vary by brokerage, and are fully negotiable. Buyer's agent compensation is separate and determined by the seller. Net Gain Realty charges a flat fee of $1,995 for listing services.

In a market where correctly priced homes sell in 24 days, the listing agent's job is clear: accurate pricing, professional marketing, and responsive transaction management. These are execution tasks—and you should decide what they're worth.

At $340K, that's $6,448 you keep by choosing flat fee over traditional commission. Same MLS listing. Same buyer exposure. Same professional service.

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Or send your address to matthew@netgain.realty for a property-specific analysis

Data sourced from Midwest Real Estate Data (MRED) MLS. Information deemed reliable but not guaranteed. Data represents recent MLS activity and is provided for informational purposes only. Not a guarantee of future results or property value.

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