Is Garden City Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garden City Park is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, Garden City Park has remained a Neutral Market.

Key Takeaway

Garden City Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Garden City Park, NY

How much do homes in Garden City Park, NY cost?

Median Sold Price

$887,500

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$107,500(+13.8%)

Key Takeaway

Homes in Garden City Park have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Garden City Park was $887,500 in October 2024, up 13.8% from last year, and the median price per square foot was $542.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $580K-
N/A
3 $706K$887.5K
+25.7%
4 $780K$850K
+9.0%
5+ $1.0M$996K
-3.8%

Summary: Garden City Park housing prices by bedroom type for October 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 25.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Neighborhoods

Garden City Park
+13.8%
Town of North Hempstead
+10.1%
Town of Hempstead
+10.1%
North New Hyde Park
+7.7%
Herricks
-1.8%

Housing Supply in Garden City Park, NY

How many homes are available in Garden City Park, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2730+11.1%

Summary: The Garden City Park real estate market had 30 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 67
+16.7%
4 1718
+5.9%
5+ 45
+25.0%

Summary: The Garden City Park housing inventory by bedroom type for October 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 16.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garden City Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Garden City Park in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Oct 2023Oct 2024CHANGE
91 Days28 Days-69.0%

Summary: Homes in Garden City Park had an average of 28 days on market in Oct 2024, down by 69% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Garden City Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Garden City Park; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Garden City Park, NY

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