Is Garden City, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Garden City was a Seller's Market.
Housing Prices in Garden City, NY
How much do homes in Garden City, NY cost?
Median Sold Price
$950,000
$593/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Garden City was $950,000 in February 2024, down 1.1% from last month, and the median price per square foot was $593.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $515K | $550K | +6.8% |
2 Bedrooms | $492.5K | $727K | +47.6% |
3 Bedrooms | $898.7K | $1.4M | +57.4% |
4 Bedrooms | $1.1M | $860K | -23.2% |
5+ Bedrooms | $3.1M | $1.2M | -62.4% |
Summary: Garden City housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 47.6%, 3 bedroom homes increased by 57.4%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes decreased by 62.4%.
Median Sold Price Compared To Nearby Cities
Stewart Manor | $699K | $950K | +35.9% |
Garden City | $960.5K | $950K | -1.1% |
Housing Supply in Garden City, NY
How many homes are available in Garden City, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
79 | 82 | +3.8% |
Summary: The Garden City real estate market had 82 homes for sale in February 2024, a 3.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Garden City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
20 | 11 | -45.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Garden City in February 2024, down by 45.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 43 Days | -40.1% |
Summary: Homes in Garden City had an average of 43 days on market in Feb 2024, down by 40.1% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in Garden City; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.