Real Estate Market Update for Great Neck, NY

Video: Real Estate Community Tour for Great Neck, NY

See Real estate community tour for Great Neck, NY
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 15% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 1.1-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 530-thousand dollars. The number of units sold decreased 35% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Great Neck, NY
School Data for Great Neck, NY

School Name Distance Type Grades School Rating Parent Rating
E M Baker School 0.5 mi Public K-5 5 0
Great Neck North High School 0.9 mi Public 9-12 4 3
Village School 0.9 mi Public 9-12 2 5
Long Island Hebrew Academy 0.9 mi Private PRESCHOOL-5 0 0
Saddle Rock School 1.1 mi Public K-5 5 0
Great Neck North Middle School 1.1 mi Public 6-8 5 2
Lakeville Elementary School 1.4 mi Public 1-5 5 0
John F Kennedy School 1.4 mi Public K-5 4 0
Great Neck South High School 1.9 mi Public 9-12 5 4
Great Neck South Middle School 2.0 mi Public 6-8 5 0
North Shore Hebrew Academy High School 2.0 mi Private 9-12 0 0
North Shore Hebrew Academy 2.0 mi Private PRESCHOOL-5 0 0
Countryside Montessori School 2.5 mi Private PRESCHOOL-K 0 0
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
Local Weather for Great Neck, NY
    Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.