Is East 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
At the same time last year, East Garden City was a Neutral Market.
Housing Prices in East Garden City, NY
How much do homes in East Garden City, NY cost?
Median Sold Price
$847,500
$492/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Garden City was $847,500 in April 2024, up 14.5% from last year, and the median price per square foot was $492.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527.5K | $570K | +8.1% |
2 Bedrooms | $745K | $864.5K | +16.0% |
3 Bedrooms | $965K | $1.1M | +19.2% |
4 Bedrooms | $545K | $550K | +0.9% |
5+ Bedrooms | $885K | $605K | -31.6% |
Summary: East Garden City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 31.6%.
Median Sold Price Compared To Nearby Neighborhoods
Carle Place | $672.5K | $800K | +19.0% |
East Garden City | $740K | $847.5K | +14.5% |
Uniondale | $545K | $589K | +8.1% |
East Meadow | $655K | $690K | +5.3% |
Town of Hempstead | $639.7K | $659.5K | +3.1% |
Housing Supply in East Garden City, NY
How many homes are available in East Garden City, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 23 | +21.1% |
Summary: The East Garden City real estate market had 23 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 23 | +21.1% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East 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 21.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in East Garden City in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Garden City, NY
How long does it take to sell a home in East Garden City, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
111 Days | 71 Days | -36.2% |
Summary: Homes in East Garden City had an average of 71 days on market in Apr 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
0 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, 2 homes were sold in East Garden City; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.