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Featured local agent — Great Neck Plaza, NY
Sarah Mitchell
Compass Real Estate · Great Neck Plaza, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Great Neck Plaza, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$405,000median sale price
How is the Great Neck Plaza, NY housing market right now?
The median home sale price in Great Neck Plaza, NY is $405,000, down 31.2% year-over-year. Homes sell in an average of 82 days with 24 active listings. The market is currently a leaning buyer's. (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 Plaza a buyer's or seller's market?
Great Neck Plaza, NY is currently a leaning buyer's, based on 4.8 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
82
Average pace
Active listings
24
4.8 months supply
Sale-to-list
97.3%
Below asking
What does the Great Neck Plaza housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $405,000 |
| Median list price | $638,000 |
| Year-over-year price change | -31.2% |
| Average days on market | 82 days |
| Active inventory | 24 listings |
| Months of supply | 4.8 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $515/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 10 |
| Listings with a price cut | 8.3% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Great Neck Plaza by property type?
How the Great Neck Plaza, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $375,000 | $473/sq ft | 4 | 84 days |
Source: Redfin · Updated monthly
The Great Neck Plaza housing market is currently classified as a leaning buyer's with a median sale price of $405,000. Prices have fallen 31.2% compared to last year, with homes spending an average of 82 days on market, indicating 4.8 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 Plaza
There are currently 24 homes listed for sale in Great Neck Plaza, New York. The median listing price is $638K.
Active listings
24
Homes on market
Median list price
$638K
Avg. days on market
82
Days until sale
New this week
10
Newly listed
Who lives in Great Neck Plaza?
Population
7,503
Median income
$106,549/yr
Median age
49 years
Owner-occupied
55.2%
College grads
66.8%
Avg commute
38.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Great Neck Plaza?
Great Neck Plaza is a community of approximately 8K residents with a median age of 49 years.The median household income is $106,549, which reflects a relatively affluent area with strong earning potential. 66.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 55.2%, showing a blend of owner and renter-occupied properties. The average commute time is 38.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Great Neck Plaza offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Great Neck Plaza, NY?
Want a head-to-head view? Compare Great Neck Plaza 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 Plaza?
The median home sale price in Great Neck Plaza is $405,000, down 31.2% from last year.
How long do homes stay on market in Great Neck Plaza?
Homes typically spend 82 days on market before going under contract.
What is the median income in Great Neck Plaza?
The median household income is $106,549 per year.
Is Great Neck Plaza a buyer's or seller's market?
With 4.8 months of supply, Great Neck Plaza is currently a leaning buyer's.
What is the median condo price in Great Neck Plaza?
The median condo/co-op sale price in Great Neck Plaza, NY is $375,000, based on the latest Redfin data.
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