Dalia Elison's Market Report

Great Neck, NY 11024

Single-Family Homes

LuxuryHomeNY | dalia@luxuryhomeNY.com | 516.707.9022


Great Neck, NY 11024

Mon Apr 20 2026
This week the median list price for Great Neck, NY 11024 is $3,395,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has increased to 19. 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 Seller's Advantage

Market Narrative

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Great Neck, NY 11024

Mon Apr 20 2026
This week the median list price for Great Neck, NY 11024 is $3,395,000 with the market action index hovering around 30. This is an increase over last month's market action index of 28. Inventory has increased to 19. 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 Seller's Advantage

Market Narrative

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Great Neck market.
Median List Price $3,395,000
Median Price of New Listings $4,841,500
Per Square Foot $888
Average Days on Market 127
Median Days on Market 119
Price Decreased 16%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent
Market Action 30
Slight Seller's Advantage

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$9,800,000 9,290 1 - 2.5 acres 6 6.5 35 0 0 245
$4,995,000 3,631 1 - 2.5 acres 6 4.5 72 1 0 63
$2,595,000 2,920 0.25 - 0.5 acre 4 3 64 1 1 168
$1,268,000 1,745 4,500 - 6,500 sqft 3 2.5 82 0 0 35