Is Great Neck, NY 11020 a buyer’s or seller’s market?

The Great Neck housing market right now

In the three months ending August 31, 2026, 40% of homes in Great Neck, NY 11020 sold above their list price, the typical home went under contract in 37 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold more slowly (26 days then) and the median sale price fell 27% to $1,479,360. Overall, Great Neck is more competitive than a year ago, so tougher for buyers.

Within Nassau County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, Great Neck ranks #458 of 649 NY ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Point Lookout 11569 (0% sold over asking) or Atlantic Beach 11509 (0% sold over asking), while Malverne 11565 (75% sold over asking) and Wantagh 11793 (74% sold over asking) are even more competitive.