Great Neck Plaza Housing Market Update: Prices Ease as Inventory Builds
Great Neck Plaza, NY – March 13, 2026 – Home prices dipped year over year while inventory expanded, offering buyers more options this winter.
The housing market in Great Neck Plaza, NY showed mixed signals to start 2026, with sale prices easing year over year while active listings increased.
Top takeaways
- Median sale price: about $458K in January 2026, down 7.1% year over year.
- Average home value: about $574K, up 10.2% from a year ago.
- 57 median days on market; 8 homes sold in January.
- Roughly 40–58 homes actively listed, depending on source.
Market snapshot
Redfin reports a January 2026 median sale price near $458K, with homes taking about 57 days to sell and 8 closings during the month. The sale-to-list ratio is just under 99%, suggesting sellers are still receiving close to asking, though fewer homes are trading compared with last year.
Zillow’s Home Value Index places the average home value around $574K, up 10.2% year over year, indicating longer-term appreciation despite recent softer closing prices. Realtor.com shows a median listing price around $454K and about 58 active listings, with homes spending roughly 76 days on market.
What’s for sale
Current inventory includes a mix of co-ops and condos near the LIRR station, along with select single-family properties in the broader Great Neck area. Buyers are finding more choices than late 2025, particularly in one- and two-bedroom units. Some properties have posted price reductions, reflecting a more price-sensitive environment.
Local real estate support
As buyers and sellers adjust to shifting conditions, inspections, renovations, and pre-sale updates remain common steps. Local professionals such as home inspectors, remodelers, roofers, and movers can help streamline transactions and prepare properties for market.
Are you seeing more listings or price adjustments in your building or block this winter?
Sources
https://www.redfin.com/city/7705/NY/Great-Neck-Plaza/housing-market
https://www.zillow.com/home-values/396701/great-neck-plaza-great-neck-ny/
https://www.realtor.com/realestateandhomes-search/Great-Neck-Plaza_NY