Is Great Neck, NY 11023 a buyer’s or seller’s market?

The Great Neck housing market right now

In the three months ending August 31, 2026, 26% of homes in Great Neck, NY 11023 sold above their list price, the typical home went under contract in 34 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 24 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (39 days then) and the median sale price fell 18% to $1,399,394. Overall, Great Neck is more competitive than a year ago, so tougher for buyers.

Within Nassau County, homes here sell more slowly than in 61% of the county’s ZIP codes, and sell less often over asking than in 79%. On our competition score, Great Neck ranks #445 of 649 NY ZIP codes with enough sales (score 51 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.