Great Neck, NY Home Values & Market Trends
Real estate market trends reflect that there have been 330 transactions over the past year in Great Neck. The median value for residential home transactions that occurred over the previous year is $1,406,619.4. The number of current listings in Great Neck is 82, and the percentage of properties for sale in the city is 82.00%. Great Neck, NY currently has 104 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 82 properties for sale.
Great Neck, NY Real Estate Market Overview
Housing Market Summary for Great Neck, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $1.6M | $1.5M | -5.14% |
| Median Sold Price | $1.3M | $1.5M | 13.80% |
| Homes For Sale | 65 | 71 | 9.23% |
| Homes Sold | 218 | 188 | -13.76% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Great Neck, NY
Browse Homes in Great Neck, NY
Great Neck home values range from $44,633 to $62,480,050. The median estimated value of a home in Great Neck is $1,406,619.4. The median list price of a home is 1,662,500, and the total count of properties in the city is 9,699.
- Pre-ForeclosurePre-foreclosure homes account for 1.02% of all residential properties in Great Neck, NY with 11024 containing 35 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Great Neck, NY; of those zips, the estimated home value for pre-foreclosure homes ranges from $10,617,400 in 11023 to the lowest home value of $635,714 in 11024.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Great Neck, NY ranges from the highest value of $1,913,300 in 11024 to the lowest value of $1,913,300 in 11024. Bank owned homes and properties account for 0.01% of properties in Great Neck, NY. There are 4 zips within Great Neck, NY; 11024 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions11020 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Great Neck, NY. Auction homes and other auction properties account for 0.04% of all properties in Great Neck, NY. There are 4 zips within Great Neck, NY; of those zips, the median estimated home value for homes going to auction ranges from $2,148,000 in 11024 to the lowest value of $1,076,945 in 11024.
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Guide for Great Neck, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.