Garden City, NY 11530 Real Estate Market Report

ZIP Code: 11530
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Garden City, NY is currently $1,309,000, reflecting a robust market with consistent price appreciation. This indicates a strong demand for properties in the area, supported by a hot market temperature. The neighborhood has increased 8% since 2023, showcasing a positive trend in property values.

Despite the elevated median listing price of $1,279,000, the market is characterized by slower sales velocity, with properties remaining on the market for a median of 308 days. This extended time may suggest a gap between seller expectations and buyer willingness, contributing to a perception of excess supply relative to sales activity. Overall, the market remains competitive, but the dynamics indicate a cautious approach for both buyers and sellers.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median sold price of $1,309,000 indicates strong market demand and price stability in Garden City.

2. With a median days on market of 308, properties are experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $1,279,000 is slightly below the sold price, indicating that sellers may need to adjust expectations to align with buyer sentiment.

4. The market temperature remains hot, reflecting ongoing buyer interest despite the elevated interest rate pressure.

5. Rental demand appears stable with a median market rent of $4,870, but year-over-year trends are currently unavailable, indicating a need for cautious observation.

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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.