$4,014 Closing Credit*
$338,000
800 SqFt
1 Bed
•1 Full Bath
Listing Office: Douglas Elliman Real Estate
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 November 2023
At the same time last year, Great Neck Plaza was a Neutral Market.
Key Takeaway
Great Neck Plaza is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Great Neck Plaza, NY
How much do homes in Great Neck Plaza, NY cost?
Median Sold Price
$423,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+0.7%)
Key Takeaway
Homes in Great Neck Plaza have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Great Neck Plaza was $423,000 in November 2024, up 0.7% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $348.7K | +18.2% |
| 2 Bedrooms | $585K | $508K | -13.2% |
| 3 Bedrooms | $697.5K | $905K | +29.7% |
| 4 Bedrooms | $1.6M | $1.8M | +6.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Great Neck Plaza housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 29.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Housing Supply in Great Neck Plaza, NY
How many homes are available in Great Neck Plaza, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 56 | -13.8% |
Summary: The Great Neck Plaza real estate market had 56 homes for sale in November 2024, a 13.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 26 | -13.3% |
| 2 Bedrooms | 30 | 25 | -16.7% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Great Neck Plaza housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 7 | -53.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Great Neck Plaza in November 2024, down by 53.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 74 Days | -29.4% |
Summary: Homes in Great Neck Plaza had an average of 74 days on market in Nov 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Great Neck Plaza has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Great Neck Plaza; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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.