Is Great Neck, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Great Neck has remained a Buyer's Market.
Housing Prices in Great Neck, NY
How much do homes in Great Neck, NY cost?
Median Sold Price
$998,000
$535/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Great Neck was $998,000 in April 2024, up 7.1% from last year, and the median price per square foot was $535.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282.5K | $280K | -0.9% |
2 Bedrooms | $520K | $499K | -4.0% |
3 Bedrooms | $980K | $1.0M | +3.5% |
4 Bedrooms | $1.3M | $1.4M | +13.8% |
5+ Bedrooms | $1.8M | $2.1M | +20.6% |
Summary: Great Neck housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
North Hempstead | $870.7K | $939K | +7.8% |
Great Neck | $931.6K | $998K | +7.1% |
Housing Supply in Great Neck, NY
How many homes are available in Great Neck, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
222 | 253 | +14.0% |
Summary: The Great Neck real estate market had 253 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 52 | 71 | +36.5% |
2 Bedrooms | 45 | 48 | +6.7% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 38 | 40 | +5.3% |
5+ Bedrooms | 59 | 58 | -1.7% |
Summary: The Great Neck housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 1.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 22 | -24.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Great Neck in April 2024, down by 24.1% month-over-month. Of the 22 sold homes, 82% were sold under asking, 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
140 Days | 65 Days | -53.2% |
Summary: Homes in Great Neck had an average of 65 days on market in Apr 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Great Neck; 41% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.