Year-over-year trends in Great Neck Gardens show notable shifts in both pricing and supply over the latest rolling three-month period ending in September 2026. Typical home values are up around 14 percent from a year ago, even as the median list price has dropped sharply, falling by nearly half. Inventory has expanded compared with last year, with active listings up more than 50 percent and months of supply jumping from roughly one month to over six months.
Looking more closely at the recent rolling three-month snapshot, the market is seeing only a handful of closings, with two homes sold and two pending sales. New listings have surged more than threefold year over year, while homes are taking about the same time to sell as last September, with a median of 37 days on the market.
Pricing dynamics continue to adjust as buyers and sellers meet in the middle. On average, homes are closing at just under full asking price, with an average sale-to-list ratio around 98 percent, and none of the recent sales closed above list price, a shift from last year when half of sales did. Despite the large increase in months of supply, the area is still classified as a seller’s market overall, indicating ongoing demand for limited opportunities. In this environment of higher inventory, shifting list prices, and relatively strong home values, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent.
