Is New York, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New York is a buyer's market

Buyer's
Market

Difference Since December 2020

Since last year, New York has remained a Buyer's Market.

Key Takeaway

New York is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in New York, NY cost?

Median Sold Price

$666,096

$433/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$43,238(+6.9%)

Key Takeaway

Homes in New York have sold for 6.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $275.7K$275.5K
-0.1%
2 $412.7K$429.4K
+4.1%
3 $628.9K$684.9K
+8.9%
4 $749.9K$822.2K
+9.6%
5+ $915.3K$980K
+7.1%

Median Sold Price Compared To Nearby Cities

Queens
+8.2%
New York
+6.9%
South Richmond Hill
-2.2%

How many homes are available in New York, NY?

Number of Homes For Sale

Nov 2021Dec 2021%
16,50116,193-1.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 3,1713,179
0.3%
2 3,6463,601
-1.2%
3 3,8523,636
-5.6%
4 2,0812,028
-2.5%
5+ 3,7513,749
-0.1%

Number of Homes Sold

Nov 2021Dec 2021%
1,3661,510+10.5%

Asking Price vs. Sold Price

1,057 Homes Were Sold
Under Asking

185 Homes Were Sold
At Asking

268 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New York, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
86 Days83 Days-4.1%

Breakdown of Home Sale Times

423 Homes Were Sold
Under 30 Days

618 Homes Were Sold
In 30 - 90 Days

468 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New York has remained consistent over time.

About New York, NY

Number of homes for sale in New York, NY real estate market have reached 16,193. The number of homes for sale in New York, NY decreased by 1.9% between November 2021 and December 2021. In December 2021 median list price was $666,096 and the average listing age was 83 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices decreased by 0.1%, 2 bedrooms properties became 4.1% more expensive, 3 bedrooms properties prices increased by 8.9%, the cost of 4 bedrooms properties went up by 9.6%, 5 bedrooms properties became 7.1% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 0.3%, 2 bedrooms homes inventory decreased by 1.2%, 3 bedrooms homes became 5.6% less available, the quantity of 4 bedrooms homes went down by 2.5%, volume of 5 bedrooms homes went down by 0.1%. While more than 268 listings in New York, NY in December 2021 were sold above asking price, there were more than 185 listings sold at asking price, and more than 1057 were sold below.

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