New York - NY housing market
The New York metro has a typical home value of $727,625, up 4.1% from a year ago. Homes sell in 23 days on average - a balanced market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($727,625) 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 $698,967 last year is now worth roughly $727,625.
The median sale price , what homes actually close for , is $666,607. Homes are selling at 100.5% of list price, meaning buyers are typically paying at or above asking.
Homes listed in New York - NY sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.
About 13.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 15,655 new listings hit the market each month in New York - NY. There are currently 45,297 homes for sale, up 1.0% from a year ago.
The typical monthly rent in New York - NY is $3,503, up 4.4% 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 | $288,316 | +4.8% | 9.0d |
| Rochester - NY | $285,034 | +4.7% | 8.0d |
| Albany - NY | $370,533 | +5.5% | 7.0d |
| Syracuse - NY | $264,903 | +6.6% | 6.0d |
| Utica - NY | $230,265 | +8.1% | 15.0d |
| Binghamton - NY | $198,435 | +5.6% | 11.0d |