Is Great Neck Gardens, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Great Neck Gardens was a Neutral Market.
Key Takeaway
Great Neck Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Great Neck Gardens, NY
How much do homes in Great Neck Gardens, NY cost?
Median Sold Price
$1,530,000
$696/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Great Neck Gardens have sold for 22.4% more than they did a year ago.
Summary: The median home sold price in Great Neck Gardens was $1,530,000 in April 2024, up 22.4% from last year, and the median price per square foot was $696.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.3M | $1.3M | 0.4% |
| 4 Bedrooms | $1.1M | $1.6M | +41.8% |
| 5+ Bedrooms | $1.4M | $2.3M | +58.9% |
Summary: Great Neck Gardens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Great Neck Gardens | $1.2M | $1.5M | +22.4% |
| Town of North Hempstead | $868.5K | $934.1K | +7.5% |
Housing Supply in Great Neck Gardens, NY
How many homes are available in Great Neck Gardens, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Summary: The Great Neck Gardens real estate market had 10 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Great Neck Gardens housing inventory by bedroom type for April 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 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Neck Gardens, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Great Neck Gardens in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Great Neck Gardens, NY
How long does it take to sell a home in Great Neck Gardens, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 256 Days | 29 Days | -88.5% |
Summary: Homes in Great Neck Gardens had an average of 29 days on market in Apr 2024, down by 88.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Great Neck Gardens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Great Neck Gardens; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.