Is Great Neck, NY 11024 a buyer’s or seller’s market?
Great Neck is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 11% of U.S. ZIP codes, and #594 of 624 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Great Neck housing market right now
In the three months ending August 31, 2026, 0% of homes in Great Neck, NY 11024 sold above their list price, the typical home went under contract in 48 days and there were 4.2 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 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (28 days then) and the median sale price fell 11% to $1,908,614. Overall, Great Neck is less competitive than a year ago, which gives buyers more room.
Within Nassau County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Malverne 11565 (75% sold over asking) and Wantagh 11793 (74% sold over asking) are even more competitive.
Run the numbers for 11024
Nearby markets
Albertson 11507Balanced $598 /sq ftAtlantic Beach 11509Buyer’s market $523 /sq ftBaldwin 11510Seller’s market $461 /sq ftBayville 11709Balanced $454 /sq ft Browse all markets →Towns like Great Neck nearby
Find towns like Great Neck in other states →Where Great Neck is
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Questions about Great Neck real estate
Is Great Neck a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in Great Neck, NY 11024 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Great Neck?
The typical home went under contract in 48 days in the latest three months.
Do homes in Great Neck sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.3% of the list price.
What are property taxes in Great Neck?
About 1.46% of a home’s value a year in Nassau County, or roughly $5,840 on a $400,000 home.
What is the median home price in Great Neck?
The median sale price was $1,908,614 in the three months ending August 31, 2026, about $746 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology