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Foreclosure Homes in Great Neck, NY 11023

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Great Neck, NY Foreclosures

How much do homes sell for in Great Neck, NY?
The average home price is currently $1,682,263.
In Great Neck, NY, how many homes are available?
There are currently 8 active home listings available in Great Neck.
What’s the average rental cost in Great Neck, NY?
The average rental price in Great Neck is $4,520.
What is the most expensive home in Great Neck?
The most expensive home sold in Great Neck had a price of $15,956,012.
What is currently the cheapest priced home in Great Neck, NY?
The cheapest home for sale in Great Neck is priced at $10,964.

Living in Great Neck, NY

Great Neck, NY, is an affluent village that combines suburban serenity with urban convenience. With its highly-rated school district, abundant parks, and charming shops and restaurants, it offers a desirable lifestyle. Commuters enjoy easy access to Manhattan via the Long Island Rail Road, making Great Neck a perfect balance of community and city life.

Current Market Conditions in Great Neck, NY

The real estate market in Great Neck remains strong, with steady demand for single-family homes. While inventory remains low, prices have shown resilience, maintaining their values and even creeping upwards in desirable neighborhoods. Many buyers are seeking luxury homes, which are popular among affluent families wanting top-tier education opportunities for their children.

The trend towards home renovations has become prevalent, as current homeowners invest in their properties, looking to enhance comfort and modernize their living spaces. This is a clear indicator of confidence in the local real estate market, as many choose to improve rather than move.

Home Value Estimator For Great Neck, NY

There are currently 9,268 real estate properties in Great Neck, NY, with a median automated valuation model (AVM) price of $1,502,407.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Great Neck, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Great Neck, NY, is $1,682,263.00, with the most expensive house in Great Neck, NY, topping out at $15,956,012.00 and the cheapest home in Great Neck, NY, clocking in at $10,964.00. In other words, there’s something for every potential homebuyer or savvy investor in Great Neck, NY!

Rent Prices In Great Neck, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Great Neck, NY, is on a rollercoaster ride. The average rent price in Great Neck, NY, is $4,520.00. Indeed, when looking to rent in Great Neck, NY, you can expect to pay as little as $1,500.00 or as much as $7,520.00, with the average rent median estimated to be $4,480.00. The good news is that finding an affordable and desirable property to rent in Great Neck, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Great Neck, NY 11023 Foreclosures

Market Trend for Great Neck, NY

Total Listings Available: 8

Market Values:

Home Prices from $10,964 to $15,956,012

Average Sales Price: $1,682,263

Rental Values:

Rental from $1,500 to $7,520

Average Rent Value: $4,520 / month

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