Is Great Neck Estates, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Great Neck Estates is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Great Neck Estates was a Neutral Market.

Key Takeaway

Great Neck Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Great Neck Estates, NY cost?

Median Sold Price

$1,700,000

$490/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$215,000(+14.5%)

Key Takeaway

Homes in Great Neck Estates have sold for 14.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $288K-
N/A
2 --
N/A
3 $1.0M$920K
-10.4%
4 $1.1M$1.3M
+10.1%
5+ $1.7M$2.0M
+17.1%

Median Sold Price Compared To Nearby Cities

Great Neck Estates
+14.5%
Great Neck Plaza
+8.2%
Great Neck
+6.2%
North Hempstead
+3.1%

How many homes are available in Great Neck Estates, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
1820+11.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 77
0.0%
5+ 810
+25.0%

Number of Homes Sold

Sep 2022Oct 2022%
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Oct 2021Oct 2022%
34 Days60 Days+74.5%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Great Neck Estates are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Great Neck Estates, NY

Great Neck Estates, NY has 20 homes for sale to choose from. The number of listings in Great Neck Estates, NY increased by 11.1% between September 2022 and October 2022. The median list price of listings available in October 2022 was $1,700,000, while the average time on the real estate market was 60 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, prices of 3 bedrooms properties went down by 10.4%, 4 bedrooms properties became 10.1% more expensive, prices of 5 bedrooms properties increased by 17.1%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes increased by 25%. Great Neck Estates, NY housing market in October 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

Related Housing Market Reports