New Listing
21
$320,000
13 W Mill Dr Apt 4A
Great Neck, NY 11021
1 bd1 ba650 sqft$492/ft²
coop
Lorber Hoffman RE Group LLC
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Great Neck, NY Housing Market
Buyer's market+4.9% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Great Neck, NY is worth $1.49M, rose 4.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $1.10M, +115.7% year over year (through May 2026). With 5.0 months of supply and homes going under contract in about 52 days, Great Neck is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.49M home is about $7,951/mo in principal and interest.
Key numbers for Great Neck, NY
Typical home value
$1.49M
+4.9% in 12 months
Zillow, August 2026
Typical asking rent
$4,718/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$1.10M
+115.7% year over year
Redfin, through May 2026
Days on market
52
Average pace
Redfin, through May 2026
Active listings
35
5.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$137,095
Home costs 10.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.5%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Great Neck a buyer's or seller's market?
Buyer's market5.0 months of supply52 days on market95.5% of asking
Great Neck, NY is a buyer's market, based on 5.0 months of supply and homes selling in about 52 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Great Neck housing market data show?
Every row below is Redfin's final published month for Great Neck, NY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $1.10M |
| Median list price | $1.22M |
| Year-over-year price change | +115.7% |
| Median price per sq ft | $778/sq ft |
| Median days on market | 52 days |
| Active inventory | 35 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 95.5% |
| Homes sold (that month) | 7 |
| New listings (that month) | 14 |
| Listings with a price cut | 20.0% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Great Neck is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Great Neck is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Great Neck home prices moved?
Over the last three years the median sale price in Great Neck, NY rose 34.6%, from $817,500 to $1.10M. The live Zillow value series has rose 4.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 20.0% of Great Neck listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 5.0 months while the sale-to-list ratio slips below its current 95.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Great Neck?
Priced off the typical home value of $1.49M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $297,871 | $1.19M | $7,951/mo |
| 5% | $74,468 | $1.41M | $9,442/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $7,951, that implies roughly $340,757 a year before you add taxes and insurance. The median household in Great Neck earns $137,095, about $203,662 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 10.9x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Great Neck in the next 12 months?
Tell us your timeline. We send the Great Neck market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Great Neck?
Typical asking rent in Great Neck, NY is $4,718/mo, against a typical home value of $1.49M. That is a price-to-rent ratio of 26.3x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $7,951 a month — $3,234 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Great Neck?
Active listings in Great Neck, NY went from 45 in May 2025 to 35 in May 2026, a -22.2% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 57 | 29 |
| July 2025 | 57 | 17 |
| August 2025 | 53 | 13 |
| September 2025 | 48 | 15 |
| October 2025 | 44 | 8 |
| November 2025 | 39 | 9 |
| December 2025 | 28 | 5 |
| January 2026 | 28 | 11 |
| February 2026 | 32 | 12 |
| March 2026 | 34 | 21 |
| April 2026 | 38 | 23 |
| May 2026 | 35 | 14 |
Redfin, through May 2026
How does Great Neck compare to New York and the U.S.?
Great Neck homes sell for $1.10M — 77% above the New York median of $620,500. Against the national median of $410,700, Great Neck runs 168% higher. Year-over-year, Great Neck moved +115.7% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Great Neck, NY | $1.10M | +115.7% | 52 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Great Neck
What buyers should watch
- Months of supply, currently 5.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 20.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,491 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.49M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Great Neck listing goes under contract in 52 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Great Neck added 14 new listings against 7 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Great Neck varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Great Neck
There are currently 35 homes listed for sale in Great Neck, New York. The median listing price is $1.2M. Featured listings range from $320,000 to $12,000,000.
New Listing
28
$323,000
4 Maple Dr Apt 6O
Great Neck, NY 11021
1 bd1 ba
coop
LAFFEY REAL ESTATE
View photos & details
New Listing
$875,000
3 Walnut Pl
Great Neck, NY 11021
3 bd1 ba1,008 sqft$868/ft²
House2,178 sqft lot
Daniel Gale Sothebys Intl Rlty
View photos & details
New Listing
18
$1,150,000
76 Baker Hill Rd
Great Neck, NY 11023
4 bd3 ba2,119 sqft$543/ft²
House10,498 sqft lot
Keller Williams Rty Gold Coast
View photos & details
New Listing
$1,250,000
51 Summer Ave
Great Neck, NY 11020
5 bd2 ba
Multi-family6,000 sqft lot
View photos & details
New Listing
25
$1,299,000
24 Welwyn Rd
Great Neck, NY 11021
3 bd3 ba1,880 sqft$691/ft²
House8,102 sqft lot
Coldwell Banker American Homes
View photos & details
38
$1,399,999
30 Highland Pl
Great Neck, NY 11020
4 bd3 ba1,949 sqft$718/ft²
House1,699 sqft lot
Keller Williams Realty Greater
View photos & details
New Listing
38
$1,580,000
2 Pickwood Ln
Great Neck, NY 11024
4 bd3 ba2,060 sqft$767/ft²
House5,489 sqft lot
Integrity Core Realty
View photos & details
New Listing
9
$2,480,000
3 Ascot Ridge Rd
Great Neck, NY 11021
4 bd5 ba3,311 sqft$749/ft²
House9,065 sqft lot
1 Home Realty
View photos & details
New Listing
25
$2,626,000
120 Baker Hill Rd
Great Neck, NY 11023
5 bd6 ba4,000 sqft$657/ft²
House7,000 sqft lot
Owner Entry.com
View photos & details
New Listing
27
$3,980,000
18 Robin Way
Great Neck, NY 11021
7 bd5 ba6,671 sqft$597/ft²
House15,002 sqft lot
Winzone Realty Inc
View photos & details
New Listing
3
$12,000,000
150 W Shore Rd
Great Neck, NY 11024
6 bd5 ba8,126 sqft$1477/ft²
House1.60 acres
S Sharf Realty Inc
View photos & details
Looking to buy in Great Neck?
Get connected with a local real estate expert — free, no obligation.
Active listings
35
Homes on market
Median list price
$1.2M
Avg. days on market
52
Days until sale
New this week
14
Newly listed
Price drops:20.0%of listings
Sale-to-list:95.5%
How much do homes cost in Great Neck by property type?
How the Great Neck, NY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.20M | $821/sq ft | 5 | 5 days |
| Condo / co-op | $302,500 | $515/sq ft | 2 | 156 days |
Who lives in Great Neck?
American Community Survey estimates for Great Neck. U.S. Census ACS, 2023
Population
11,068
Households
3,335
Median income
$137,095/yr
Median age
34.4 years
Owner-occupied
70.8%
Median home value
$953,400
Median gross rent
$2,195/mo
Mean commute
38.2 min
70.8% of occupied homes in Great Neck are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $953,400 against Zillow's $1.49M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,195/mo, below Zillow's $4,718/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Great Neck?
9 schools tracked · 6,489 students
The largest public schools serving Great Neck, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
GREAT NECK SOUTH HIGH SCHOOL
Grades 9-12 · 1,322 students
GREAT NECK NORTH HIGH SCHOOL
Grades 9-12 · 1,163 students
GREAT NECK SOUTH MIDDLE SCHOOL
Grades 6-8 · 827 students
LAKEVILLE ELEMENTARY SCHOOL
Grades 1-5 · 763 students
GREAT NECK NORTH MIDDLE SCHOOL
Grades 6-8 · 729 students
E M BAKER SCHOOL
Grades K-5 · 643 students
SADDLE ROCK SCHOOL
Grades K-5 · 547 students
JOHN F KENNEDY SCHOOL
Grades PK-5 · 446 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Great Neck, NY?
Ordered by distance from Great Neck, not by size. Compare Great Neck side by side with any of them.
Which ZIP codes are in Great Neck?
These are the ZIP codes we see on active Great Neck listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Great Neck housing market FAQ
Is Great Neck a buyer's or seller's market?
Great Neck, NY is currently a buyer's market. That read comes from 5.0 months of supply, homes going under contract in about 52 days, and sellers getting 95.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Great Neck?
The typical home in Great Neck, NY is worth $1.49M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $1.10M, about $778 per square foot.
Is Great Neck cheaper than the rest of New York?
Great Neck's median sale price of $1.10M is 77% higher than the New York statewide median of $620,500, and 168% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Great Neck?
Homes in Great Neck, NY spent a median of 52 days on market before going under contract, versus 42 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Great Neck?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.49M home is about $7,951 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $340,757 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $137,095.
Are home prices rising in Great Neck?
The typical home value in Great Neck, NY rose 4.9% over the last 12 months, from $1.42M to $1.49M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Great Neck?
Great Neck ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Great Neck?
That depends on your timeline, not on a headline. What the data says today: Great Neck, NY is a buyer's market with 5.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 26.3x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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