Dalia Elison's Market Report

Great Neck, NY 11024

Single-Family Homes

LuxuryHomeNY | dalia@luxuryhomeNY.com | 516.707.9022


Great Neck, NY 11024

Tue Aug 12 2025
This week the median list price for Great Neck, NY 11024 is $3,615,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased to 26. 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 Buyers market, this price trend may be a result of improved quality 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

Tue Aug 12 2025
This week the median list price for Great Neck, NY 11024 is $3,615,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has increased to 26. 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 Buyers market, this price trend may be a result of improved quality 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 $3,615,000
Median Price of New Listings $1,695,000
Per Square Foot $837
Average Days on Market 119
Median Days on Market 63
Price Decreased 15%
Price Increased 0%
Relisted 8%
Inventory 26
Median Rent
Market Action 29
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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 11,406 1 - 2.5 acres 7 7 34 0 0 91
$5,000,000 4,800 1 - 2.5 acres 5 5 56 0 0 42
$2,788,000 2,829 0.5 - 1 acre 4 3.5 63 1 0 35
$1,268,000 1,438 4,500 - 6,500 sqft 4 2 97 0 0 77