$5,213 Closing Credit*
$439,000
1 Bed
•1 Full Bath
Listing Office: La Vie En Rose Living LLC
Is Great Neck Plaza, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Great Neck Plaza has remained a Seller's Market.
Key Takeaway
Great Neck Plaza is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Great Neck Plaza, NY
How much do homes in Great Neck Plaza, NY cost?
Median Sold Price
$430,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,500(+1.1%)
Key Takeaway
Homes in Great Neck Plaza have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Great Neck Plaza was $430,000 in October 2024, up 1.1% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297K | $342.5K | +15.3% |
| 2 Bedrooms | $567.5K | $508K | -10.5% |
| 3 Bedrooms | $858K | $905K | +5.5% |
| 4 Bedrooms | $1.4M | $1.8M | +23.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Great Neck Plaza housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thomaston | $936K | $1.1M | +23.1% |
| Great Neck Plaza | $425.5K | $430K | +1.1% |
Housing Supply in Great Neck Plaza, NY
How many homes are available in Great Neck Plaza, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 69 | +3.0% |
Summary: The Great Neck Plaza real estate market had 69 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 32 | 0.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Great Neck Plaza housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Neck Plaza, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Great Neck Plaza in October 2024, up by 85.7% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.
Days on Market for Great Neck Plaza, NY
How long does it take to sell a home in Great Neck Plaza, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 100 Days | 85 Days | -15.6% |
Summary: Homes in Great Neck Plaza had an average of 85 days on market in Oct 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Great Neck Plaza has remained consistent over time.
Summary: During October 2024, 13 homes were sold in Great Neck Plaza; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% 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.