Dalia Elison's Market Report
Great Neck, NY 11024
Single-Family Homes
LuxuryHomeNY | dalia@luxuryhomeNY.com | 516.707.9022
Great Neck, NY 11024
Sat Aug 15 2026
This week the median list price for Great Neck, NY 11024 is $3,093,400 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has decreased to 24.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $3,093,400 | |
| Median Price of New Listings | $2,800,000 | |
| Per Square Foot | $1,000 | |
| Average Days on Market | 114 | |
| Median Days on Market | 70 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 24 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $9,689,000 | 8,000 | 1 - 2.5 acres | 6 | 5 | 63 | 0 | 1 | 224 |
| $5,837,500 | 4,903 | 0.5 - 1 acre | 5 | 5 | 60 | 0 | 1 | 63 |
| $2,775,000 | 2,551 | 6,500 - 8,000 sqft | 4 | 3 | 26 | 1 | 0 | 49 |
| $1,123,500 | 1,674 | 6,500 - 8,000 sqft | 3 | 2.3 | 93 | 0 | 2 | 63 |