Dalia Elison's Market Report

Great Neck, NY 11024

Single-Family Homes

LuxuryHomeNY | dalia@luxuryhomeNY.com | 516.707.9022


Great Neck, NY 11024

Fri Oct 09 2026
This week the median list price for Great Neck, NY 11024 is $4,450,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 25. 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

Fri Oct 09 2026
This week the median list price for Great Neck, NY 11024 is $4,450,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has held steady at or around 25. 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 $4,450,000
Median Price of New Listings $2,298,000
Per Square Foot $951
Average Days on Market 139
Median Days on Market 119
Price Decreased 28%
Price Increased 0%
Relisted 20%
Inventory 25
Median Rent
Market Action 27
Slight Buyer's Advantage

While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.

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
$9,488,000 7,544 1 - 2.5 acres 6 6 33 0 0 168
$5,862,500 6,213 1 - 2.5 acres 5 5 60 0 0 119
$2,724,500 2,727 0.25 - 0.5 acre 4 3 55 0 0 73
$1,343,500 2,214 6,500 - 8,000 sqft 4 2.5 69 1 1 122