$10,000 Closing Credit*
$999,999
1,660 SqFt
3 Beds
•2 Full Baths
Listing Office: Cosentino Realty Group LLC
Is Garden City, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Garden City was a Seller's Market.
Key Takeaway
Garden City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Garden City, NY
How much do homes in Garden City, NY cost?
Median Sold Price
$1,132,500
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$132,501(+13.3%)
Key Takeaway
Homes in Garden City have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Garden City was $1,132,500 in November 2024, up 13.3% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $492.5K | $360K | -26.9% |
| 2 Bedrooms | $760K | $774.5K | +1.9% |
| 3 Bedrooms | $969K | $1.1M | +17.1% |
| 4 Bedrooms | $1.2M | $1.3M | +3.2% |
| 5+ Bedrooms | $1.4M | $1.9M | +37.5% |
Summary: Garden City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Garden City | $999.9K | $1.1M | +13.3% |
| Hempstead | $525K | $592.1K | +12.8% |
| New Hyde Park | $800K | $858.7K | +7.3% |
| Mineola | $650K | $689.1K | +6.0% |
| Stewart Manor | $752.5K | $784K | +4.2% |
Housing Supply in Garden City, NY
How many homes are available in Garden City, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 88 | -11.1% |
Summary: The Garden City real estate market had 88 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 26 | 21 | -19.2% |
| 5+ Bedrooms | 18 | 12 | -33.3% |
Summary: The Garden City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 12 | -47.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garden City, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Garden City in November 2024, down by 47.8% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 177 Days | +284.1% |
Summary: Homes in Garden City had an average of 177 days on market in Nov 2024, up by 284.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Garden City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Garden City; 42% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 42% 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.