Home Values

11024 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$1,648,600

  • -3.6% 1-year change
  • -1.6% 1-year forecast

The median home value in 11024 is $1,648,600. 11024 home values have declined -3.6% over the past year and Zillow predicts they will fall -1.6% within the next year. The median list price per square foot in 11024 is $656, which is higher than the Great Neck average of $476. The median price of homes currently listed in 11024 is $2,488,000 while the median price of homes that sold is $1,480,000. The median rent price in 11024 is $3,450, which is higher than the Great Neck median of $2,950.

Foreclosures will be a factor impacting home values in the next several years. In 11024 2.7 homes are foreclosed (per 10,000). This is greater than the Great Neck value of 0.7 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 11024 is 33.3%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 11024 homeowners underwater on their mortgage is 1.3%, which is lower than Great Neck at 2.0%.

Read more
Relative ZHVI
- +

11024 Market Overview

Data through Dec 31, 2014
  • $1,648,600 ZHVI
  • -1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $2,488,000 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

11024 Market Health

Data through Dec 31, 2014
  • 1.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 1.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 33.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Zip Codes

Name Median ZHVI
11030 $1,341,800
11021 $1,049,200
11020 $1,025,000
Name Median ZHVI
11023 $1,008,400
11363 $874,400
11362 $789,100
Name Median ZHVI
11050 $786,700
11360 $665,000
10464 $430,800

Listings & Sales

Data through Dec 31, 2014
  • $656 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.2% Listings with price cut
25.0%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

11024 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $5,519 11024
    $4,316 Great Neck
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $3,450 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading