Garden City, NY 11530 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The neighborhood's primary market indicator is the $1,453,500 median sold price, which reflects recent transaction-level value and aligns with a up price year-over-year trend and a hot market temperature, suggesting realized demand remains strong.
2. Despite the strong median sold price, the 364 median days on market points to slower sales velocity and potential pricing friction; this long time on market may indicate that some listings require extended marketing or price adjustments before closing.
3. The $1,349,000 median listing price sits below the median sold price in recent transactions, which may reflect selective seller pricing strategies or that higher-value sales are skewing transaction outcomes; monitor listing-to-sale dynamics for persistent gaps.
4. Macro headwinds are present: elevated interest rate pressure could dampen affordability even as the market shows a hot temperature and relatively constrained active supply; this combination suggests continued demand but rising financing cost sensitivity for buyers.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.