Is Garden City, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Garden City has remained a Buyer's Market.
Housing Prices in Garden City, NY
How much do homes in Garden City, NY cost?
Median Sold Price
$1,049,500
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Garden City was $1,049,500 in April 2024, up 8.2% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $328K | $400K | +22.0% |
2 Bedrooms | $565K | $799K | +41.4% |
3 Bedrooms | $910K | $1.0M | +14.3% |
4 Bedrooms | $1.2M | $1.3M | +6.9% |
5+ Bedrooms | $1.4M | $1.7M | +26.7% |
Summary: Garden City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 26.7%.
Median Sold Price Compared To Nearby Cities
Garden City | $970K | $1.0M | +8.2% |
Hempstead | $510K | $550K | +7.8% |
Stewart Manor | $731K | $780K | +6.7% |
New Hyde Park | $780K | $817K | +4.7% |
Mineola | $655K | $655K | 0.0% |
Housing Supply in Garden City, NY
How many homes are available in Garden City, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 127 | +24.5% |
Summary: The Garden City real estate market had 127 homes for sale in April 2024, a 24.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 33 | 39 | +18.2% |
4 Bedrooms | 26 | 32 | +23.1% |
5+ Bedrooms | 16 | 26 | +62.5% |
Summary: The Garden City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Garden City in April 2024, up by 63.6% month-over-month. Of the 18 sold homes, 17% were sold under asking, 6% were sold at asking, and 78% were sold over asking.
Days on Market for Garden City, NY
How long does it take to sell a home in Garden City, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 22 Days | -64.8% |
Summary: Homes in Garden City had an average of 22 days on market in Apr 2024, down by 64.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Garden City; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.