Is Garden City Park, 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, Garden City Park was a Seller's Market.
Key Takeaway
Garden City Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Garden City Park, NY
How much do homes in Garden City Park, NY cost?
Median Sold Price
$800,000
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Garden City Park have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Garden City Park was $800,000 in April 2024, up 3.2% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $605K | $580K | -4.1% |
| 3 Bedrooms | $706K | $749K | +6.1% |
| 4 Bedrooms | $770K | $800K | +3.9% |
| 5+ Bedrooms | $968K | $1.0M | +5.6% |
Summary: Garden City Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Town of North Hempstead | $868.5K | $934.1K | +7.5% |
| North New Hyde Park | $765K | $800K | +4.6% |
| Garden City Park | $775K | $800K | +3.2% |
| Town of Hempstead | $639.7K | $659.5K | +3.1% |
Housing Supply in Garden City Park, NY
How many homes are available in Garden City Park, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Summary: The Garden City Park real estate market had 22 homes for sale in April 2024, a 57.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Garden City Park 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garden City Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Garden City Park in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Garden City Park, NY
How long does it take to sell a home in Garden City Park, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 63 Days | +21.8% |
Summary: Homes in Garden City Park had an average of 63 days on market in Apr 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Garden City Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Garden City Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.