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Featured local agent — Great Neck Estates, NY
Sarah Mitchell
Compass Real Estate · Great Neck Estates, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Great Neck Estates, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.48Mmedian sale price
How is the Great Neck Estates, NY housing market right now?
The median home sale price in Great Neck Estates, NY is $2.48M, up 22.8% year-over-year. Homes sell in an average of 175 days with 16 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Great Neck Estates a buyer's or seller's market?
Great Neck Estates, NY is currently a balanced market, based on 2.3 months of supply and homes selling in about 175 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
175
Average pace
Active listings
16
2.3 months supply
Sale-to-list
93.9%
Below asking
What does the Great Neck Estates housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.48M |
| Median list price | $1.80M |
| Year-over-year price change | +22.8% |
| Average days on market | 175 days |
| Active inventory | 16 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 93.9% |
| Median price per sq ft | $808/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 7 |
| Listings with a price cut | 12.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Great Neck Estates by property type?
How the Great Neck Estates, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.50M | $688/sq ft | 5 | 175 days |
| Condo / Co-op | $1.16M | $1,007/sq ft | 2 | 343 days |
Source: Redfin · Updated monthly
The Great Neck Estates housing market is currently classified as a balanced market with a median sale price of $2.48M. Prices have risen 22.8% compared to last year, with homes spending an average of 175 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Great Neck Estates
There are currently 16 homes listed for sale in Great Neck Estates, New York. The median listing price is $1.8M.
Active listings
16
Homes on market
Median list price
$1.8M
Avg. days on market
175
Days until sale
New this week
7
Newly listed
Who lives in Great Neck Estates?
Population
2,968
Median income
$211,875/yr
Median age
42 years
Owner-occupied
91.7%
College grads
67.3%
Avg commute
37.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Great Neck Estates?
Great Neck Estates is a community of approximately 3K residents with a median age of 42 years.The median household income is $211,875, which reflects a relatively affluent area with strong earning potential. 67.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Great Neck Estates offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Great Neck Estates, NY?
Want a head-to-head view? Compare Great Neck Estates side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Great Neck Estates?
The median home sale price in Great Neck Estates is $2.48M, up 22.8% from last year.
How long do homes stay on market in Great Neck Estates?
Homes typically spend 175 days on market before going under contract.
What is the median income in Great Neck Estates?
The median household income is $211,875 per year.
Is Great Neck Estates a buyer's or seller's market?
With 2.3 months of supply, Great Neck Estates is currently a balanced market.
What is the median condo price in Great Neck Estates?
The median condo/co-op sale price in Great Neck Estates, NY is $1.16M, compared to $3.50M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Great Neck Estates?
The median single-family home price in Great Neck Estates, NY is $3.50M (about $688 per square foot).
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