$10,000 Closing Credit*
$1,674,200
2 Beds
•2 Full Baths
Listing Office: Compass Greater NY LLC
Is Great Neck Estates, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Great Neck Estates was a Buyer's Market.
Key Takeaway
Great Neck Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Great Neck Estates, NY
How much do homes in Great Neck Estates, NY cost?
Median Sold Price
$1,680,000
$894/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$302,500(-15.3%)
Key Takeaway
Homes in Great Neck Estates have sold for 15.3% less than they did a month ago.
Summary: The median home sold price in Great Neck Estates was $1,680,000 in November 2024, down 15.3% from last month, and the median price per square foot was $894.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.2M | N/A |
| 3 Bedrooms | - | $1.8M | N/A |
| 4 Bedrooms | $1.8M | $1.5M | -17.4% |
| 5+ Bedrooms | $2.1M | $2.5M | +18.7% |
Summary: Great Neck Estates housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes increased by 18.7%.
Housing Supply in Great Neck Estates, NY
How many homes are available in Great Neck Estates, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Great Neck Estates real estate market had 28 homes for sale in November 2024, a 12.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Great Neck Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Neck Estates, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Great Neck Estates in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Great Neck Estates, NY
How long does it take to sell a home in Great Neck Estates, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 169 Days | +344.7% |
Summary: Homes in Great Neck Estates had an average of 169 days on market in Nov 2024, up by 344.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Great Neck Estates are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Great Neck Estates; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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.