Home Values

Garden City Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$789,600

  • 1.8% 1-year change
  • 0.6% 1-year forecast

The median home value in Garden City is $789,600. Garden City home values have gone up 1.8% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Garden City is $433, which is higher than the New York Metro average of $254. The median price of homes currently listed in Garden City is $849,000 while the median price of homes that sold is $757,150.

Foreclosures will be a factor impacting home values in the next several years. In Garden City 1.2 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.5 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Garden City is 11.6%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Garden City homeowners underwater on their mortgage is 3.4%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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Garden City Market Overview

Data through Dec 31, 2014
  • $789,600 ZHVI
  • 0.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $849,000 Median listing price
  • $757,150 Median sale price
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Garden City Market Health

Data through Dec 31, 2014
  • 6.0/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 3.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 11.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.2 homes Garden City
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
East Williston $776,900
Herricks $564,200
Garden City Park $515,000
Name Median ZHVI
Williston Park $489,500
Mineola $471,000
Garden City South $460,400
Name Median ZHVI
Carle Place $438,400
West Hempstead $397,200
Town of Hempstead $276,400

Listings & Sales

Data through Dec 31, 2014
  • $433 Median list price / sq ft
  • $397 Median sale price / sq ft (Nov 30, 2014)
  • 16.4% Listings with price cut
9.2%
Sold below listing
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Garden City Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $3,551 Garden City
    $2,340 New York Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $2.33 Rent list price / sq ft
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