Great Neck is a mid-sized community of roughly 10,000 residents in New York, with a luxury price point at the top end of the residential market.
| State | New York |
|---|---|
| Population | 10,000 |
| Median home value | $950,000 |
| Active listings | 155 |
| Median across New York communities we track | $630,000 |
The Great Neck housing market
At $950,000, the median home value sits about 51% above the median of the 26 communities we track in New York.
Roughly 155 active listings at last count, which gives buyers genuine room to compare and to negotiate on properties that have been sitting.
Search homes in Great Neck
Current listings for Great Neck are maintained on the following site:
- Homes for sale in Great Neck — greatneckhomesforsale.com
These are external sites operated independently of 1PropertyHub. We do not control their listings, pricing, or availability, and we are not a party to any transaction arising from them.
Buying in Great Neck
Luxury inventory turns slowly by design. Expect longer marketing periods, a smaller buyer pool, and jumbo or portfolio financing rather than agency loans.
Before you make an offer, work out what the monthly payment actually looks like at this price level. Our mortgage calculator includes property tax, insurance, and mortgage insurance rather than just principal and interest, and the affordability calculator solves backwards from your income to a purchase price a lender would support. If you are weighing a purchase against continuing to rent, the rent vs buy calculator accounts for transaction costs on both ends.
Investing in Great Neck
For rental investors, the questions here are rent-to-price ratio, the property tax burden, insurance cost, and the depth of the tenant pool at this population size. Underwrite with honest vacancy, management, maintenance, and capital reserves rather than rent minus mortgage — see our cash flow calculator and the rental underwriting guide. Verify short-term rental rules with the municipality before assuming any STR strategy will be permitted.
Nearby communities in New York
- New Hyde Park, NY
- Geneva, NY
- Roslyn Heights, NY
- Goshen, NY
- Albertson, NY
- Batavia, NY
- Port Washington, NY
- Manhasset Hills, NY
Frequently asked questions
What is the median home value in Great Neck, NY?
The median home value in Great Neck is approximately $950,000. At $950,000, the median home value sits about 51% above the median of the 26 communities we track in New York. Values move with the market and vary widely by neighborhood, condition, and lot — treat this as a starting point and verify against recent closed sales before pricing an offer.
How many homes are for sale in Great Neck?
There were roughly 155 active listings at last count. Roughly 155 active listings at last count, which gives buyers genuine room to compare and to negotiate on properties that have been sitting. For current inventory, see Homes for sale in Great Neck.
What should I know before buying in Great Neck?
Luxury inventory turns slowly by design. Expect longer marketing periods, a smaller buyer pool, and jumbo or portfolio financing rather than agency loans. Beyond the property itself, confirm the property tax rate and any exemptions with the county assessor, and get an insurance quote before you are under contract — both vary far more by location than buyers expect. Our New York state guide covers closing practice and property law.