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 March 2023
At the same time last year, Great Neck Plaza was a Neutral Market.
Housing Prices in Great Neck Plaza, NY
How much do homes in Great Neck Plaza, NY cost?
Median Sold Price
$420,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Great Neck Plaza was $420,000 in March 2024, down 2.3% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $313.5K | $288K | -8.1% |
2 Bedrooms | $573.7K | $529K | -7.8% |
3 Bedrooms | $928K | $960K | +3.4% |
4 Bedrooms | $1.4M | $1.9M | +32.8% |
5+ Bedrooms | $1.7M | - | N/A |
Summary: Great Neck Plaza housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.1%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Thomaston | $981.5K | $1.2M | +22.5% |
Great Neck Plaza | $430K | $420K | -2.3% |
Housing Supply in Great Neck Plaza, NY
How many homes are available in Great Neck Plaza, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Summary: The Great Neck Plaza real estate market had 67 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 40 | +14.3% |
2 Bedrooms | 18 | 22 | +22.2% |
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 March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Great Neck Plaza in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 114 Days | +21.4% |
Summary: Homes in Great Neck Plaza had an average of 114 days on market in Mar 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Great Neck Plaza; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.