$3,000,000
4,039 SqFt
5 Beds
•2 Full Baths, 6 Partial
Listing Office: Lin Pan Realty Group LLC
Is Great Neck, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Great Neck was a Neutral Market.
Key Takeaway
Great Neck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Great Neck, NY
How much do homes in Great Neck, NY cost?
Median Sold Price
$994,000
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,666(+5.7%)
Key Takeaway
Homes in Great Neck have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Great Neck was $994,000 in November 2024, up 5.7% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $315.5K | +10.7% |
| 2 Bedrooms | $525K | $500K | -4.8% |
| 3 Bedrooms | $940K | $1.1M | +23.9% |
| 4 Bedrooms | $1.3M | $1.5M | +11.5% |
| 5+ Bedrooms | $1.8M | $2.3M | +25.5% |
Summary: Great Neck housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Cities
| North Hempstead | $900.5K | $989.4K | +9.9% |
| Great Neck | $940.3K | $994K | +5.7% |
| Kings Point | $2.7M | $2.7M | -0.4% |
Housing Supply in Great Neck, NY
How many homes are available in Great Neck, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 258 | 250 | -3.1% |
Summary: The Great Neck real estate market had 250 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 52 | +2.0% |
| 2 Bedrooms | 68 | 66 | -2.9% |
| 3 Bedrooms | 30 | 25 | -16.7% |
| 4 Bedrooms | 39 | 37 | -5.1% |
| 5+ Bedrooms | 70 | 70 | 0.0% |
Summary: The Great Neck housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 28 | -28.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Neck, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Great Neck in November 2024, down by 28.2% month-over-month. Of the 28 sold homes, 71% were sold under asking, 11% were sold at asking, and 18% were sold over asking.
Days on Market for Great Neck, NY
How long does it take to sell a home in Great Neck, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 91 Days | +8.6% |
Summary: Homes in Great Neck had an average of 91 days on market in Nov 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Great Neck has remained consistent over time.
Summary: During November 2024, 28 homes were sold in Great Neck; 18% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.