Is Garden City South, 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 South has remained a Seller's Market.
Key Takeaway
Garden City South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Garden City South, NY
How much do homes in Garden City South, NY cost?
Median Sold Price
$758,750
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Garden City South have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Garden City South was $758,750 in April 2024, up 9.2% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $625K | - | N/A |
| 3 Bedrooms | $670K | $715K | +6.7% |
| 4 Bedrooms | $679K | $752.5K | +10.8% |
| 5+ Bedrooms | $771K | $1.3M | +75.7% |
Summary: Garden City South 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 did not change, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 75.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Franklin Square | $660K | $725K | +9.8% |
| Garden City South | $695K | $758.7K | +9.2% |
| Town of Hempstead | $639.7K | $659.5K | +3.1% |
| West Hempstead | $650K | $665K | +2.3% |
Housing Supply in Garden City South, NY
How many homes are available in Garden City South, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Garden City South real estate market had 16 homes for sale in April 2024, a 45.5% 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 | 3 | 3 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 4 | +100.0% |
Summary: The Garden City South 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 remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garden City South, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Garden City South in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Garden City South, NY
How long does it take to sell a home in Garden City South, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 18 Days | -71.2% |
Summary: Homes in Garden City South had an average of 18 days on market in Apr 2024, down by 71.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garden City South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Garden City South; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.