Key metrics and insights for homebuyers and sellers evaluating Great Neck, Nassau, NY 11021.
Median Single-Family Price
$1,875,000
-1% YoY
Median Recorded Property Tax
$25,400
Annual
Walk Score
92
out of 100
Commute
25 min
to Manhattan
Monthly Charges
Coop
$1,025
maintenance
How Do Monthly Charges Scale With Price in Great Neck?
Coops: among live listings asking under $450K, median monthly maintenance runs about $927 (20 listings). At $450K and above, the median climbs to $1,270 (14 listings).
Live MLS listing data for Great Neck; medians refresh as inventory changes. Every building sets its own charges — confirm the specific building before you offer.
Community Details
County
Nassau
ZIP Code
11021
School District
Great Neck Union Free School District
Market Type
Balanced Market
Median Days on Market
31 days
Walk Score
92/100
How far is Great Neck from New York City by train?
From Great Neck Station on the LIRR Port Washington Branch, scheduled weekday AM-peak service takes about 25 minutes to Penn Station, 31 minutes to Grand Central Madison (MTA LIRR timetable data).
Is Great Neck walkable?
Great Neck has a Walk Score of 92 out of 100, which Walk Score rates "Walker's Paradise".
Commuting from Great Neck — LIRR
Nearby Long Island Rail Road stations and typical weekday AM-peak travel times to the Manhattan and Brooklyn terminals. Many Great Neck residents use whichever station best fits their branch and schedule.
Great Neck Station · Port Washington Branch Primary station
Middle Neck Road & Station Plaza, Great Neck, NY 11021
To Penn Station
25 min
To Grand Central
31 min
Little Neck Station · Port Washington Branch Also nearby
Little Neck Pkwy & 39th Ave, Little Neck, NY 11363
To Penn Station
30 min
To Grand Central
28 min
AM-peak travel times on scheduled LIRR service to Penn Station, Grand Central Madison, and Atlantic Terminal (Brooklyn). Based on MTA LIRR public timetable data.
What Is Your Great Neck, NY Home Worth?
Get a strategic market analysis — not an algorithm. A real evaluation from a licensed attorney and Associate Real Estate Broker serving Nassau.
Single-family, condo and co-op homes are measured separately — these medians are never blended together.
Based on 247 recorded closings in ZIP 11021 between Sep 10, 2025 and Sep 10, 2026 — a settled trailing twelve months,
ending about a month back so late-recorded closings are counted rather than missed.
Days on market are medians, not averages. A property type with fewer than 8 closed sales in that window is left out rather than published on a sample too thin to mean anything.
Coops & Condos in Great Neck · ZIPs 11021, 11023, 11020, 11024
Coops →$379K median ask · 41 days · 37 active$379K · 41d · 37 activeSeller's Market
Condos →$1.24M median ask · 58 days · 11 active$1.24M · 58d · 11 activeBalanced Market
Each segment is measured on its own inventory and sales pace — a segment's condition can differ from the overall market reading above.
The Trend
11021's market has cooled over the past 2 years: the median sale price has slipped about 3% year over year to about $650K, with homes generally taking longer to sell. If the easing persists, conditions could move further toward a balanced market. Alongside that easing trend, note that the roughly $628K blended median combines very different property types, so it may not describe any single one: of 524 recent sales, co-ops made up the largest share at about 61% with a median near $409K, single-family about 28% near $1.86M, condos about 11% near $1.1M. Because the most common type sold here is also the lowest-priced, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $1.86M, roughly $1.23M over the headline number. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.
Coops & Condos: A Different Trend
Houses, coops, and condos do not move together here -- each segment below is measured on its own closed sales, so the direction (and what it means for you) can differ from the blended market above.
Coops in Great Neck
Seller's Market
Over the past 2 years, the Great Neck coop market has resisted a single storyline: the median sale price has bounced between $315K and $569K, the kind of swing that typically reflects a thin or mixed market. Recently, homes have been selling in about 51 days.
Sellers: Thin coop inventory works in your favor -- but the best buyer is a board-ready one. Vet financing strength and package readiness before you commit to an offer.
Buyers: Prepared buyers win here: have your financials organized and your board package essentially pre-built before you bid.
Based on information from OneKey® MLS, for the period October 6, 2025 through October 3, 2026. Source: OneKey MLS (recorded LI sales, trailing 12mo) + actual tax. Based on 243 recorded sales. Property tax values shown are algorithmic estimates calculated from official NY State ORPS / NYC Department of Finance assessment data aggregated by school district (Long Island) or ZIP code (NYC). These figures are an educational baseline and do not represent a guaranteed or binding tax bill. Actual taxes vary based on individual assessed value, applicable exemptions (STAR, Senior, Veteran), historical grievances, village overlays, and special district levies. Verify exact tax with the Nassau County Assessor / Suffolk County Comptroller / NYC Department of Finance before any financial commitment.
What investors paid, and what they resold for
Median purchase and resale price by yearBought forResold forShare of all local purchases made by companies
Across 9 years of county-clerk records, 78 homes in the Great Neck school district were bought by a company and resold within two years. Over the whole period the typical one was bought for $858,420 and resold for $1,300,000, a median of 12 months later.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +6.7%, so most of the difference is not the market carrying the house.
What these homes resold for moved from a median of $1,475,000 in 2017 to $1,300,000 in 2025, down about 12% over the period.
The pandemic years cut against the intuition that investors moved in. Companies bought 13.5% of homes here in 2019, then 11.0% in 2020 and 12.3% in 2021. In the two years when buyers competed hardest, companies won a smaller share, not a larger one.
Since then it has reversed. Company buying reached 18.2% in 2025, the highest of the period — above its pre-pandemic level, while the market cooled.
In 2025, 7 homes in the Great Neck school district were resold by a company that had bought them within two years — too few to quote a typical price from.
Companies bought 18.2% of the 292 homes sold in the Great Neck school district that year (53 of them).
In 2024, 5 homes in the Great Neck school district were resold by a company that had bought them within two years — too few to quote a typical price from.
Companies bought 14.9% of the 343 homes sold in the Great Neck school district that year (51 of them).
In 2023, 12 homes in the Great Neck school district were resold by a company that had bought them within the previous two years. They were bought for a median of $857,000 and resold for a median of $1,315,000. Measured house by house, the typical resale was 44% above what that same buyer had paid, a median of 14 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +2.2%, so most of the difference is not the market carrying the house. 8% resold for less than they paid.
Companies bought 15.5% of the 330 homes sold in the Great Neck school district that year (51 of them).
In 2022, 11 homes in the Great Neck school district were resold by a company that had bought them within the previous two years. They were bought for a median of $875,000 and resold for a median of $1,275,000. Measured house by house, the typical resale was 23% above what that same buyer had paid, a median of 16 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +11.2%, so most of the difference is not the market carrying the house.
Companies bought 10.8% of the 424 homes sold in the Great Neck school district that year (46 of them).
In 2021, 6 homes in the Great Neck school district were resold by a company that had bought them within two years — too few to quote a typical price from.
Companies bought 12.3% of the 561 homes sold in the Great Neck school district that year (69 of them).
In 2020, 15 homes in the Great Neck school district were resold by a company that had bought them within the previous two years. They were bought for a median of $845,000 and resold for a median of $995,000. Measured house by house, the typical resale was 12% above what that same buyer had paid, a median of 9.7 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +10.6%, which accounts for a good part of the difference here. 7% resold for less than they paid.
Companies bought 11.0% of the 373 homes sold in the Great Neck school district that year (41 of them).
In 2019, 6 homes in the Great Neck school district were resold by a company that had bought them within two years — too few to quote a typical price from.
Companies bought 13.5% of the 393 homes sold in the Great Neck school district that year (53 of them).
In 2018, 10 homes in the Great Neck school district were resold by a company that had bought them within the previous two years. They were bought for a median of $800,000 and resold for a median of $1,320,000. Measured house by house, the typical resale was 69% above what that same buyer had paid, a median of 12 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +3.9%, so most of the difference is not the market carrying the house. 10% resold for less than they paid.
Companies bought 11.2% of the 430 homes sold in the Great Neck school district that year (48 of them).
In 2017, 6 homes in the Great Neck school district were resold by a company that had bought them within two years — too few to quote a typical price from.
Companies bought 11.9% of the 444 homes sold in the Great Neck school district that year (53 of them).
Source: property transfers recorded with the county clerk, which cover every sale rather than only those listed for sale. Filings reach the state months after closing, so these figures run to December 2025 and describe what has already happened rather than the market today.
Homes that changed hands without going on the market
Between 2017 and December 2025, 435 homes in the Great Neck school district passed between family members rather than being sold — about 15 for every 100 that sold on the open market.
90% of them recorded no price at all, so they appear in no market statistic, no listing history and no sold comparable. They are counted here because the transfer itself is filed with the county clerk, whether or not money changed hands.
Family transfers per 100 open-market sales, by year
Counted from the reason recorded on each transfer with the county clerk, not from the price. Transfers filed only to add or remove a name on the deed are excluded — those are paperwork, not a change of owner. Where a filing gives no reason it is not counted, so these are minimum counts rather than a complete rate, and they run to December 2025.
Who has cut their asking price
Price reductions in Great Neck
44 of 139 homes for sale
31.7% have cut their asking price — below the 35.4% across Nassau
Of the 139 homes for sale in Great Neck today, 44 are now asking less than they originally asked — 31.7%, against 35.4% across Nassau. 2 sellers have raised their asking price.
And among the homes that actually sold
Among the 406 homes that sold in Great Neck over the last twelve settled months, 27.8% had cut their price before they sold — up from 24.1% over the same twelve months a year earlier.
What each group got
Over those same twelve months, the 293 Great Neck homes that sold without ever reducing achieved 97.4% of their asking price in a median of 29 days. The 113 that did reduce achieved 89.1% of what they first asked, after 102 days.
Homes that never reduced and homes that did are different homes, priced differently from the start — these figures describe what each group did, not what a reduction causes. How any individual home performs depends on condition, layout, its position within Great Neck and how it shows, none of which a market median can capture.
Measured from the OneKey MLS feed, updated daily. A home counts as reduced when its current asking price is below the price it was first listed at — not against an estimate or against other homes. The for-sale figures describe homes available today; the sold figures describe closed sales between September 2025 and August 2026.
Joseph's Market Take
What This Means for Sellers
Great Neck is showing balanced conditions, which means pricing strategy is more important than ever. Overpriced homes will sit while correctly priced properties still move. This is where having an agent who understands both the legal and market dynamics becomes critical.
Buyer Advisory
What This Means for Buyers
Buyers in Great Neck have room to make measured decisions right now — neither side holds a decisive edge. Come pre-approved and ready to move on the right home, but you can generally negotiate on price and terms without the frenzy of a hot market.
How many Great Neck listings did not sell
Did not sell
30%
176 of 580 listings that resolved
Sold
70%
404 closed sales · median $1,100,000
The listings that did not sell asked a median of $1,593,000 — 45% above the $1,100,000 median of the homes that closed. Counted over the trailing twelve months: every listing that closed, expired, was withdrawn or was
terminated. Listings still active or under contract are not counted on either side.
If the feed does not retain every withdrawn listing, the real figure is higher than the one shown, never lower.
Based on information from OneKey® MLS, for the period September 10, 2025 through September 10, 2026.
Flood informationGreat Neck: FEMA flood dataMedian NFIP cost, single-family homes,ZIP 11021: $580 a year (Aug 2026)
Median yearly NFIP cost
$580
Single-family homes · ZIP 11021
Middle half of policies
$500–$1,010
72 policies in force, August 31, 2026
Residential buildings with NFIP insurance
9.7%
Nassau County · FEMA, Aug 3, 2026
Median yearly cost by FEMA zone: high-risk A zones $1,280 (2 policies, small sample); moderate- to low-risk zones (X, B, C) $570 (70 policies).
Cost trend, Nassau County
Median yearly cost of single-family NFIP policies taking effect each month.
In Nassau County, the typical monthly median yearly cost of single-family NFIP policies taking effect in June through August 2026 was $1,600, 8% higher than the typical month in June through August 2025 ($1,470). Based on 8,380 and 8,745 policies.
FEMA flood-loss ratings
FEMA's National Risk Index rates each census tract's expected yearly losses from flooding against every census tract in the country. For the 2 census tracts in Great Neck (village):
Calculated from FEMA policy data (as of Sep 8, 2026) and FEMA's NFIP residential penetration rates; ratings are FEMA's own labels from the National Risk Index (December 2025). Yearly cost is premium plus FEMA fees, single-family NFIP policies only; the insured share is residential NFIP contracts as a share of all residential buildings. Private flood insurance is not included. Not a flood-zone determination, insurance advice or a quote. Each building is priced individually.
03 — About Great Neck
What It's Like Living in Great Neck
Great Neck is one of Nassau's most established residential communities, offering a distinctive blend of suburban character and metropolitan accessibility. Located in the 11021 zip code, the community is served by the Great Neck Union Free School District.
With a median home price of $1,875,000 and a median recorded property tax of $25,400 annually, Great Neck pairs an established housing stock with direct access to New York City. The commute to Manhattan averages approximately 25 min via the Long Island Rail Road.
Living in Great Neck does not mean one kind of ownership — coops selling at a median of $420K, condos selling at a median of $930K, single-family homes selling at a median of $1.88M, each with its own economics and day-to-day experience. Day to day, apartment ownership trades yard work and building upkeep for a monthly charge and house rules; a house trades the monthly charge for full control — and full responsibility. Both coop and condo buildings are active markets here — see the segment data above for how each is currently moving.
Local Expert Insights
Joseph's Insider Guide to Great Neck
Direct answers informed by 5,000+ closed transactions across Nassau, Suffolk, Queens and Brooklyn — not the canned content you'd find on any listing portal.
Is Great Neck a good place to live for commuters?
The LIRR connects Great Neck to Penn Station and Grand Central Madison in approximately 25 min. Peak express service, station parking and walk-to-station distance vary by address, and those three factors decide what a commute actually looks like day to day.
What are property tax trends in Great Neck, NY?
Great Neck homeowners pay a median of approximately $25,400 a year in property taxes — the median of the tax figures actually recorded on homes sold here, not an estimate. The bill funds school-district, county, town, and special-district services. Taxes are assessed parcel by parcel, so two similar homes on the same street can carry very different bills — confirm the actual assessment on a specific address before relying on it.
Is now a good time to buy or sell in Great Neck?
Great Neck is currently a Balanced Market, with homes selling in about 31 days. Prices have moved -1% year-over-year. Timing decisions depend on your specific situation — contact Joseph for a no-cost strategy session tailored to your property and goals.
What makes Great Neck different from other Nassau communities?
Great Neck is a long-established community served by the Great Neck Union Free School District. Prices and activity vary by property type, school district, condition and price band; the figures above show where this market stands now.
What should buyers know before making an offer in Great Neck?
School district boundaries in Great Neck often run street by street — two blocks can mean a different school zone, so confirming a home's exact attendance zone before you make an offer matters. As an Associate Broker who is also an attorney, Joseph reads title and contract details differently than most agents — and when the facts of a deal are in front of him, he knows what's worth asking about. (Not a substitute for your own attorney's representation.)
Is Great Neck walkable for everyday living?
Great Neck has a Walk Score of 92/100, measured at a single point near the centre of Great Neck. Walkability varies street by street, so check the score for a specific address; the LIRR provides Manhattan access in approximately 25 min.
Planning a Move to Great Neck?
Get the Great Neck Relocation Guide — schools, commute options, live market data, and insider neighborhood details compiled by an Associate Broker who is also an attorney.
Great Neck is served by the Great Neck Union Free School District. Attendance zones on Long Island are assigned street by street, so a Great Neck mailing address does not by itself determine which school a home is zoned for.
Schools in the Great Neck Union Free School District
Elementary
Early Childhood CenterE M Baker SchoolJohn F Kennedy SchoolLakeville Elementary SchoolSaddle Rock School
Middle
Great Neck North Middle SchoolGreat Neck South Middle School
High
Great Neck North High SchoolGreat Neck South High School
These are the schools recorded on homes sold in this district over the last 12 months — the district may also serve neighbouring communities. Zones can change and run street by street — we confirm the exact assignment for any home before you offer.
Great Neck Union Free School District — Value & Taxes
$1,003,000Median home value
$19,474Typical annual tax ▼ -5% yr/yr
1.22%Effective rate
Median home value is the New York State ORPS assessment-roll median for the district. Typical annual tax and effective rate are the median recorded tax bill and that bill divided by the median sale price, across 271 recent sales carrying a reported tax figure — an observed cost ratio, not an official millage rate. District boundaries can cross town and postal lines, so always verify the district for a specific address.
School district boundaries on Long Island often run street by street, so a Great Neck mailing address doesn't guarantee a given school. We confirm a home's exact attendance zone before you make an offer.
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 10, 2026 7:30 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
140 closed sales found.
Recent transactions provide real-world context for current market values.
For a full Comparative Market Analysis of your property,
request a complimentary CMA.
Expert answers to the most common questions about buying and selling in Great Neck.
How much does it cost to buy a home in Great Neck?
Single-family homes in Great Neck sold for a median of about $1.88 million in the 12 months to September 10, 2026, across 71 closed sales, down 1% from the 12 months before. Their median recorded property-tax bill was about $25,400 a year. At that price the buyer also pays New York State's 1% mansion tax, which applies to homes of $1 million or more: about $18,800 on $1.88 million. The State's 0.4% base transfer tax is paid by the seller. Lender, title-insurance and attorney charges depend on the loan and the contract, so they are not included here. Sources: OneKey® MLS closed sales; tax rates from the NYS Department of Taxation and Finance.
Is Great Neck a good place to buy a home, and who is it right for?
Great Neck is an established Nassau community served by the Great Neck Union Free School District, with a median home price of $1,875,000 and a median tax bill around $25,400. Commuters reach Manhattan via the LIRR, and it's currently a Balanced Market. Whether it fits comes down to budget, schools, and commute — I'll give you a candid read on the trade-offs versus nearby towns.
What are property taxes like in Great Neck, and can they be lowered?
Great Neck's median property-tax bill runs about $25,400/year. Can they be lowered? Sometimes. You can file a tax grievance — formally a tax certiorari proceeding — that challenges the assessed value your bill is calculated from. There's no guarantee of a reduction, it can take roughly two years to show up on your bill, and even a successful challenge may move the number only modestly. Many homeowners still pursue it, and a number of firms will handle the filing for a share of the first year's savings. It's worth reviewing for your specific home, and Joseph can pull a property's full tax history before you make an offer. If taxes are a deciding factor, you can also filter for lower-tax communities and compare.
What is the LIRR commute from Great Neck to Manhattan?
The typical commute to Manhattan is roughly 25 minutes by LIRR from the Great Neck station (Middle Neck Road & Station Plaza, Great Neck, NY 11021) on the Port Washington Branch, with peak trains serving both Penn Station and Grand Central Madison (about 31 minutes to Grand Central). If you want options, nearby stations include Little Neck (about 30 min to Penn) — handy for trading a shorter drive for a faster train. View LIRR schedules and fares.
What is the median home price in Great Neck, and is it a buyer's or seller's market right now?
The median home price in Great Neck is $1,875,000, with prices trending -1% year over year, and the market is currently a Balanced Market with a median of 31 days on market. On the supply side, Great Neck is carrying about 4.6 months of single-family inventory — the time it would take to sell every active single-family listing at the current sales pace — which points to a relatively balanced supply, with roughly 22% of available homes selling each month (the absorption rate). Homes have recently sold at a median of about 97.2% of list price — 16% of sales closed above asking, 15% at asking, and 69% below. For a detailed analysis of your specific home or purchase target, contact Joseph DeVito for a complimentary market evaluation.
How are the schools in Great Neck?
Great Neck is served by the Great Neck Union Free School District. School attendance zones can run street by street, so an address in Great Neck doesn't automatically put a home in a given school. Because that distinction can affect both your child's school and the home's resale value, Joseph checks the specific attendance zone for any home you're seriously considering before you make an offer.
Why work with Joseph DeVito to buy or sell in Great Neck?
Joseph DeVito doesn't just help people buy and sell homes — he's spent over a decade hands-on renovating them. Alongside 5,000+ transactions, that renovation experience means he's worked through layout, design, and functionality decisions and lived with the timelines, costs, and pitfalls of a project — so he walks a home with a renovator's eye for craftsmanship and condition and can show buyers where to look closely. As a licensed attorney (though not your attorney on the transaction), he also reads a deal differently than most agents: when the facts of a transaction are in front of him, he understands the contract and title questions worth asking. His background also includes deep foreclosure and distressed-sale experience. In a divorce or estate sale, he can orient you and then coordinate with your matrimonial or estate representative for the legal specifics outside an agent's role. He's also genuinely responsive. It's an uncommon mix, and clients are generally better served by it. (Joseph represents you as your agent through Keller Williams; this is not legal representation and does not create an attorney-client relationship.)
Is a Great Neck address always in the school district buyers expect?
Not always — and on Long Island this is one of the most important things to confirm before you buy. A Great Neck mailing address does not guarantee a home is in the Great Neck Union Free School District; attendance zones can run street by street, so a home a few blocks away can feed a different district. Because the assigned schools determine a child's placement, confirm the assigned schools for the specific address with the Great Neck Union Free School District before you make an offer on a Great Neck home. Ask about a home's school district →
How do Great Neck school-district boundaries compare with Great Neck Plaza and Great Neck Estates?
Great Neck is served by the Great Neck Union Free School District. Comparing districts is less about a single ranking and more about which one a specific home actually feeds — on Long Island a boundary can run down the middle of a street, so two nearby homes can sit in different districts. Rather than rely on a mailing address or a listing's "school district" field, confirm the assigned schools for the exact address with the district. I can also run a side-by-side of real Great Neck-area listings against the neighboring towns you're weighing so you compare on the same budget. Compare Great Neck-area homes →
Why are property taxes so different between similar homes in Great Neck?
Two similar-looking Great Neck homes can carry very different tax bills because the bill is calculated from each property's assessed value — not its sale price — and assessments don't always track the market evenly. Great Neck's median property-tax bill runs about $25,400/year. If a home looks over-assessed relative to comparable sales, you can file a tax grievance (formally a tax certiorari proceeding) to challenge the assessment — there's no guarantee of a reduction and it typically takes time to show up on the bill. I review a home's full tax history before you make an offer, because a number that looks fine today can shift after a reassessment. Ask me to pull a property's tax history →
Are Great Neck property taxes high compared with Great Neck Plaza, Great Neck Estates, and Nassau County overall?
Great Neck's median property-tax bill runs about $25,400/year. Those taxes fund the Great Neck Union Free School District and local services, which is a large part of why values hold here. If taxes are a deciding factor, you can filter for lower-tax communities and compare on the same budget — and if a specific home looks over-assessed, you can file a tax grievance to challenge the assessment (no guaranteed reduction, and it takes time to take effect). I'll pull any home's full tax history before you commit. Compare Great Neck taxes with nearby towns →
What is the median sale price in Great Neck compared with Great Neck Plaza and Great Neck Estates?
The median home price in Great Neck is currently $1,875,000, with prices trending -1% year over year. Comparing towns on a single median can mislead, though — what a budget actually buys depends on a home's size, condition, lot, and school zone. The most useful comparison is real listings side by side: I can show you what the same budget buys in Great Neck versus the nearby towns you're weighing. Browse and compare Great Neck-area homes →
Is Great Neck selling faster or slower than the Nassau County market right now?
Great Neck is currently a Balanced Market, with a median of 31 days on market and prices -1% year over year. On the supply side, Great Neck is carrying about 4.6 months of single-family inventory — the time it would take to sell every active single-family listing at the current sales pace — which points to a relatively balanced supply, with roughly 22% of available homes selling each month (the absorption rate). Homes have recently sold at a median of about 97.2% of list price — 16% of sales closed above asking, 15% at asking, and 69% below. Whether that's faster or slower than the wider Nassau market shifts with the season and the price point, so the honest read is the live one. For a real-time picture of where Great Neck sits today — and what it means for your specific home or target — reach out for a current market evaluation. Get a current market read →
How does the Great Neck LIRR station affect buyer demand in Great Neck?
The typical commute to Manhattan is roughly 25 minutes by LIRR from the Great Neck station (Middle Neck Road & Station Plaza, Great Neck, NY 11021) on the Port Washington Branch, with peak trains serving both Penn Station and Grand Central Madison (about 31 minutes to Grand Central). If you want options, nearby stations include Little Neck (about 30 min to Penn) — handy for trading a shorter drive for a faster train. Many commuting buyers put homes within a comfortable walk of the station high on their list. If you're buying with resale in mind, weigh station proximity alongside the school-district boundaries, which buyers can check address by address. View LIRR schedules and fares →
What are the parking rules buyers should know at the Great Neck LIRR station near Great Neck?
If you'll commute from Great Neck by LIRR, station parking is worth checking before you choose a home: many Long Island stations reserve their daily lots for residents with a municipal parking permit — which can carry a waitlist — alongside limited metered or non-resident spaces. The rules are set by the local town or village, not the railroad, so they vary station to station. I can point you to the current permit details for the Great Neck station and factor walkability into the homes we look at. View LIRR station info →
How do Great Neck Plaza, Great Neck Estates, Kings Point, and Lake Success compare within the Great Neck market?
Great Neck is made up of distinct pockets, and on Long Island those neighborhood areas often line up with school-attendance zones — which is what tends to drive the differences buyers feel between one part of town and another. Because a boundary can run street by street, the part of Great Neck a specific home sits in can affect both its assigned schools and its value. I can walk you through how the areas of Great Neck differ and confirm exactly which zone a given home falls in. Ask about Great Neck's neighborhoods →
What makes one Great Neck home sell faster than another in the current market?
In a Balanced Market like Great Neck's (31 days on market, prices -1% year over year), the homes that sell fastest are priced to the live comparables, prepared and professionally marketed, and represented by someone who can hold terms through inspection and contract. Condition, the school zone a home feeds, and proximity to the LIRR all move the needle. Whether you're buying or selling, I'll show you the specific factors at work on the home in front of you. See what your home would list for →
Is Great Neck a buyer's or seller's market?
11021's market has cooled over the past 2 years: the median sale price has slipped about 3% year over year to about $650K, with homes generally taking longer to sell. If the easing persists, conditions could move further toward a balanced market. Alongside that easing trend, note that the roughly $628K blended median combines very different property types, so it may not describe any single one: of 524 recent sales, co-ops made up the largest share at about 61% with a median near $409K, single-family about 28% near $1.86M, condos about 11% near $1.1M. Because the most common type sold here is also the lowest-priced, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $1.86M, roughly $1.23M over the headline number. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.
Are sellers cutting prices in Great Neck?
44 of the 139 homes for sale in Great Neck are asking less than they originally asked (31.7%), against 35.4% across Nassau. Among homes that actually sold there in the last twelve settled months, 27.8% had cut before selling. Updated daily from the OneKey MLS feed.
What counts as a price reduction on this page?
A home is counted as reduced when its current asking price is lower than the price it was first listed at. It is not based on an estimate, on a valuation, or on what similar homes are worth — only on the seller's own two numbers, their original asking price and their current one.
Are price cuts in Great Neck becoming more or less common?
27.8% of the 406 homes that sold in Great Neck over the last twelve settled months had reduced their price before selling, compared with 24.1% over the same twelve months a year earlier. The two periods cover the same calendar months, because price cutting is strongly seasonal.
Do homes that cut their price in Great Neck sell for less?
Over the last twelve settled months in Great Neck, the 293 homes that sold without ever reducing achieved 97.4% of their asking price, and the 113 that reduced achieved 89.1% of what they first asked. These are different homes priced differently from the start, so the difference describes the two groups rather than the effect of a reduction.
Joseph DeVito is a New York Licensed Associate Real Estate Broker and a New York attorney. He does not act as both broker and attorney on the same transaction: here he acts as a real estate broker only, and he is not your attorney. Real estate services provided through Keller Williams Realty Greater Nassau are not legal representation. Everything on this site is general information for educational purposes only. It is not legal advice, it creates no attorney-client relationship, and it should not be relied on as legal advice — for advice about your own situation, consult your own attorney.
Great Neck’s median sale price of about $1.88M sits about 126% above the Nassau County median of about $830K. These are whole-county figures over a settled trailing 12 months — the same data behind our full Nassau County reports.
County medians describe the wider market, not any specific property, and are not a valuation of a home in Great Neck.
08 — Explore More
Markets Near Great Neck
The closest Nassau communities we track, with their current median sale price, median days on market, and market condition — useful for widening or narrowing a search.
Live OneKey MLS medians from recent closed sales, refreshed daily. Market condition reflects months of supply. Figures describe each market, not any specific home.
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Ready to Make a Move in Great Neck?
Buy or Sell in Great Neck, NY With an Associate Broker Who Knows Which Questions to Ask
Joseph DeVito has been part of more than 5,000 closed transactions across Nassau County, Suffolk County, Queens, and Brooklyn. As an Associate Broker who is also an attorney, he reads a deal differently than most agents — and when the facts of your Great Neck deal are in front of him, he knows the contract and title questions worth asking.
