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.
Housing Prices in Great Neck Estates, NY
How much do homes in Great Neck Estates, NY cost?
Median Sold Price
$1,575,000
$571/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Great Neck Estates was $1,575,000 in February 2024, down 14.9% from last month, and the median price per square foot was $571.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $880K | N/A |
4 Bedrooms | $1.8M | $1.5M | -14.9% |
5+ Bedrooms | - | $2.4M | N/A |
Summary: Great Neck Estates housing prices by bedroom type for February 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 14.9%, and 5+ bedroom homes did not change.
Housing Supply in Great Neck Estates, NY
How many homes are available in Great Neck Estates, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Summary: The Great Neck Estates real estate market had 16 homes for sale in February 2024, a 14.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Great Neck Estates housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Great Neck Estates in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
60 Days | 21 Days | -64.4% |
Summary: Homes in Great Neck Estates had an average of 21 days on market in Feb 2024, down by 64.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Great Neck Estates; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.