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Featured local agent — Garden City South, NY
Sarah Mitchell
Compass Real Estate · Garden City South, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Garden City South, NY Housing Market
The typical home in Garden City South, NY is worth $869,878, rose 5.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $1.75M, +64.3% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 34 days, Garden City South is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $869,878 home is about $4,644/mo in principal and interest.
Key numbers for Garden City South, NY
Typical home value
$869,878
+5.2% in 12 months
Zillow, August 2026
Median sale price
$1.75M
+64.3% year over year
Redfin, through May 2026
Days on market
34
Average pace
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$150,688
Home costs 5.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.2%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Garden City South a buyer's or seller's market?
Garden City South, NY is a balanced market, based on 4.0 months of supply and homes selling in about 34 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Garden City South housing market data show?
Every row below is Redfin's final published month for Garden City South, NY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $1.75M |
| Median list price | $1.07M |
| Year-over-year price change | +64.3% |
| Median price per sq ft | $469/sq ft |
| Median days on market | 34 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.2% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Garden City South is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Garden City South is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Garden City South home prices moved?
Over the last three years the median sale price in Garden City South, NY rose 165.8%, from $658,500 to $1.75M. The live Zillow value series has rose 5.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Garden City South listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 97.2%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Garden City South?
Priced off the typical home value of $869,878 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $173,976 | $695,902 | $4,644/mo |
| 5% | $43,494 | $826,384 | $5,515/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,644, that implies roughly $199,024 a year before you add taxes and insurance. The median household in Garden City South earns $150,688, about $48,336 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.8x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Garden City South in the next 12 months?
Tell us your timeline. We send the Garden City South market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Garden City South?
Zillow does not publish a rent index (ZORI) for Garden City South, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Garden City South?
Active listings in Garden City South, NY went from 7 in February 2025 to 4 in May 2026, a -42.9% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| March 2025 | 6 | 3 |
| May 2025 | 4 | 3 |
| June 2025 | 5 | 4 |
| July 2025 | 4 | 2 |
| August 2025 | 2 | not published |
| September 2025 | 2 | 1 |
| October 2025 | 5 | 5 |
| December 2025 | 2 | 1 |
| January 2026 | 2 | 1 |
| February 2026 | 2 | 1 |
| April 2026 | 7 | 6 |
| May 2026 | 4 | 2 |
Redfin, through May 2026
How does Garden City South compare to New York and the U.S.?
Garden City South homes sell for $1.75M — 182% above the New York median of $620,500. Against the national median of $410,700, Garden City South runs 326% higher. Year-over-year, Garden City South moved +64.3% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Garden City South, NY | $1.75M | +64.3% | 34 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Garden City South
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $871 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $869,878 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Garden City South listing goes under contract in 34 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.2% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Garden City South added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +5.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Garden City South varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Garden City South
There are currently 4 homes listed for sale in Garden City South, New York. The median listing price is $1.1M.
Active listings
4
Homes on market
Median list price
$1.1M
Avg. days on market
34
Days until sale
New this week
2
Newly listed
How much do homes cost in Garden City South by property type?
How the Garden City South, NY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.75M | $469/sq ft | 1 | 34 days |
Who lives in Garden City South?
American Community Survey estimates for Garden City South. U.S. Census ACS, 2023
Population
4,077
Households
1,326
Median income
$150,688/yr
Median age
46 years
Owner-occupied
90.4%
Median home value
$691,800
Median gross rent
$2,315/mo
Mean commute
36.7 min
90.4% of occupied homes in Garden City South are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $691,800 against Zillow's $869,878 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which cities are near Garden City South, NY?
Ordered by distance from Garden City South, not by size. Compare Garden City South side by side with any of them.
Garden City South housing market FAQ
Is Garden City South a buyer's or seller's market?
Garden City South, NY is currently a balanced market. That read comes from 4.0 months of supply, homes going under contract in about 34 days, and sellers getting 97.2% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Garden City South?
The typical home in Garden City South, NY is worth $869,878 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $1.75M, about $469 per square foot.
Is Garden City South cheaper than the rest of New York?
Garden City South's median sale price of $1.75M is 182% higher than the New York statewide median of $620,500, and 326% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Garden City South?
Homes in Garden City South, NY spent a median of 34 days on market before going under contract, versus 42 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Garden City South?
At the current 30-year fixed rate of 7.03%, 20% down on a $869,878 home is about $4,644 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $199,024 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $150,688.
Are home prices rising in Garden City South?
The typical home value in Garden City South, NY rose 5.2% over the last 12 months, from $826,927 to $869,878 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Garden City South?
Garden City South ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Garden City South?
That depends on your timeline, not on a headline. What the data says today: Garden City South, NY is a balanced market with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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