Great Neck, NY—11020

As of Aug '25, the median home price in Great Neck, NY is $1,639,000, with a year-over-year change of 9.3%. This indicates that home prices in Great Neck, NY are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Great Neck, NY is 43. This is an decrease of -37.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Great Neck, NY in that year was 70. 100.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 55.0%. Of those, 0.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Great Neck, NY. Investor activity in Great Neck, NY is low, as 0.0% of all loans are originated by investors. In 2023, 14.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.