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GREAT NECK, NY 11023

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The GREAT NECK, NY real estate market (11023) currently shows 20 active listings, with 6 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 28 days on market compared to 125 days last year.

The median listing price has fallen 15.6% year-over-year, from $1,999,000 to $1,687,250.

Whether you are buying or selling in GREAT NECK, NY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 9,699  ·  Density: 2,242.7/mi²  ·  Median household income: $146,563

Typical home value: $1,088,080  ·  Homeownership: 84.8%

Market Overview

Active Listings
20
⇩ 39.4% vs 33 last year
Pending
6
30% pending ratio
Median Price
$1,687,250
⇩ 15.6% vs $1,999,000 last year
Average Price
$2,380,610
⇩ 7.7% vs $2,579,467 last year
Days on Market
28
⇩ 77.6% vs 125 days last year

Price Per Square Foot

Median $/sqft
$660
⇩ 8.1% vs $718/sqft last year
Median Home Size
2,740 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 33 last year
  • Days on market: 28 now vs 125 last year

Median & Average Pricing

Year over Year
  • Median: $1,687,250 (-15.6% YoY)
  • Average: $2,380,610 (-7.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.3 miles — 574 listings ($932,605,564 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
11023Great Neck, NY 110230.0 mi18$41,689,638$1,850,000$2,316,091
11024Great Neck, NY 110241.3 mi29$209,026,954$6,750,000$7,207,826
11020Great Neck, NY 110202.2 mi13$25,865,944$1,669,000$1,989,688
11362Little Neck, NY 113622.8 mi75$67,029,900$458,000$893,732
11005Floral Park, NY 110053.1 mi40$18,644,680$395,000$466,117
11050Port Washington, NY 110503.5 mi63$226,031,589$1,780,000$3,587,803
11364Oakland Gardens, NY 113643.9 mi122$68,441,268$365,000$560,994
11358Flushing, NY 113584.3 mi53$66,673,629$1,250,000$1,257,993
11576Roslyn, NY 115764.5 mi47$91,602,765$1,724,500$1,948,995
11507Albertson, NY 115074.7 mi13$17,090,502$1,298,500$1,314,654
11547Glenwood Landing, NY 115475.0 mi8$12,603,200$1,399,999$1,575,400
10465Bronx, NY 104655.1 mi73$54,104,315$694,000$741,155
11366Fresh Meadows, NY 113665.3 mi20$33,801,180$1,389,500$1,690,059

Frequently Asked Questions

How many homes are for sale in GREAT NECK, NY 11023?

As of February 2026, there are 20 active listings in GREAT NECK, NY (zip code 11023), compared to 33 the prior year.

What is the median home price in GREAT NECK, NY 11023?

The median listing price in GREAT NECK, NY 11023 is $1,687,250 as of February 2026, a 15.6% decrease from $1,999,000 the prior year.

How long do homes stay on the market in GREAT NECK, NY?

Homes in GREAT NECK, NY 11023 spend an average of 28 days on the market before going under contract, compared to 125 days the prior year.

Is it a seller's or buyer's market in GREAT NECK, NY 11023?

Based on current inventory and days-on-market data as of February 2026, GREAT NECK, NY 11023 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 28 days on market compared to 125 days last year.

How much can I save on real estate commission in GREAT NECK, NY?

With SELL123.com's maximum 3% commission, sellers in GREAT NECK, NY 11023 save an estimated $33,745 compared to a typical 5% commission on the median listing price of $1,687,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.