Garden City, NY 11530 Real Estate Market Report

ZIP Code: 11530
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Garden City, NY are 6.3% compared to the 5.9% market average seen in February 2026, indicating that property owners who originated loans earlier this year secured more favorable borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator is the median sold price of 1,327,500, which points to realized buyer valuations in Garden City and, given the market context, supports characterization of recent transactions in a hot market.

2. There is a material gap between the median listing price (1,675,000) and the median sold price, which suggests pricing friction where seller expectations exceed recent transaction levels and may indicate selective negotiation or price reductions.

3. The median days on market of 333 signals slower sales velocity relative to a typical hot market pace; combined with the listed market temperature as hot, this appears to reflect high price points and pricing sensitivity rather than weak demand.

4. Macro and rental signals are mixed: the rent year-over-year trend is down while interest rate pressure is described as elevated, and mortgage costs noted at 6.3% versus a 5.9% market average suggest affordability headwinds that may limit buyer pool expansion.

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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.

Garden City, NY 11530 Real Estate Market Report

ZIP Code: 11530
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Garden City, NY are 6.3% compared to the 5.9% market average seen in February 2026, indicating that property owners who originated loans earlier this year secured more favorable borrowing costs.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood’s primary market value indicator is the median sold price: 935,000, which reflects recent completed transactions in a market described as hot and where the price year-over-year trend is up.

2. Liquidity appears mixed: the median days on market is 242, which suggests slower sales velocity relative to typical hot markets and may indicate more pricing friction or extended negotiation cycles while interest rate pressure is elevated.

3. Rental dynamics diverge from sales: the median market rent is 3,400 while the rent year-over-year trend is down, indicating softening rental demand or rate-driven affordability pressure even as sales prices remain strong.

4. Sample size and financing context: the analysis is based on 12 sold properties analyzed, so recent metrics may be sensitive to small-sample volatility; additionally, current financing conditions note that Current 30-year fixed mortgage rates in Garden City, NY are 6.3% compared to the 5.9% market average seen in February 2026, indicating that property owners who originated loans earlier this year secured more favorable borrowing costs.

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Notable Properties

The following 1 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.