Dalia Elison's Market Report

Great Neck, NY 11024

Single-Family Homes

LuxuryHomeNY | dalia@luxuryhomeNY.com | 516.707.9022


Great Neck, NY 11024

Wed Oct 21 2026
This week the median list price for Great Neck, NY 11024 is $3,640,000 with the market action index hovering around 25. This is less than last month's market action index of 27. Inventory has increased to 30. Click here to stay informed with the Great Neck market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Great Neck, NY 11024

Wed Oct 21 2026
This week the median list price for Great Neck, NY 11024 is $3,640,000 with the market action index hovering around 25. This is less than last month's market action index of 27. Inventory has increased to 30. Click here to stay informed with the Great Neck market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Great Neck market.
Median List Price $3,640,000
Median Price of New Listings $2,880,000
Per Square Foot $867
Average Days on Market 128
Median Days on Market 102
Price Decreased 27%
Price Increased 0%
Relisted 10%
Inventory 30
Median Rent
Market Action 25
Slight Buyer's Advantage

Despite this week's down tic, price trends in this zip code have generally been moving up lately. We are below the market's high point, and we'll investigate the Market Action Index later on to see if we expect this week's blip to become a downward trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,388,000 7,772 1 - 2.5 acres 6 6.3 32 0 0 108
$5,800,000 5,892 1 - 2.5 acres 5 4.5 61 1 0 133
$2,724,500 3,182 0.25 - 0.5 acre 4 3.3 55 0 0 77
$1,388,000 2,240 4,500 - 6,500 sqft 4 2.5 67 1 0 112