New York - NY housing market
The New York metro has a typical home value of $735,003, up 4.1% from a year ago. Homes sell in 24 days on average, a balanced market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($735,003) is the Zillow Home Value Index for the New York - NY metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.1% over the past year. In New York - NY, that means a home worth $706,055 last year is now worth roughly $735,003.
The median sale price , what homes actually close for , is $668,859. Homes are selling at 101.4% of list price, meaning buyers are typically paying at or above asking.
Homes listed in New York - NY sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.
About 14.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 16,009 new listings hit the market each month in New York - NY. There are currently 48,669 homes for sale, up 2.0% from a year ago.
The typical monthly rent in New York - NY is $3,573, up 4.5% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in NY
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Buffalo - NY | $294,992 | +4.7% | 9.0d |
| Rochester - NY | $290,868 | +4.9% | 8.0d |
| Albany - NY | $377,910 | +5.6% | 7.0d |
| Syracuse - NY | $271,597 | +6.6% | 6.0d |
| Utica - NY | $234,785 | +8.0% | 13.0d |
| Binghamton - NY | $204,850 | +5.9% | 10.0d |