Is New York, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
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
$849,589
$636/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$14,733(+1.8%)
Key Takeaway
Homes in New York have sold for 1.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $599.7K | $600K | 0.1% |
| 2 Bedrooms | $897.8K | $836.9K | -6.8% |
| 3 Bedrooms | $823.5K | $847.7K | +2.9% |
| 4 Bedrooms | $950.7K | $978.6K | +2.9% |
| 5+ Bedrooms | $1.1M | $1.1M | +6.5% |
How many homes are available in New York, NY?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 22,080 | 23,404 | +6.0% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 5,522 | 5,878 | +6.4% |
| 2 Bedrooms | 5,722 | 6,129 | +7.1% |
| 3 Bedrooms | 4,599 | 4,837 | +5.2% |
| 4 Bedrooms | 2,345 | 2,475 | +5.5% |
| 5+ Bedrooms | 3,892 | 4,085 | +5.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 1,558 | 1,577 | +1.2% |
Asking Price vs. Sold Price
714 Homes Were Sold
Under Asking
731 Homes Were Sold
At Asking
132 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New York, expect to pay close to the asking price. 46.4% of homes here sold near the asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 86 Days | 85 Days | -1.1% |
Breakdown of Home Sale Times
208 Homes Were Sold
Under 30 Days
379 Homes Were Sold
In 30 - 90 Days
314 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New York has remained consistent over time.
©2023 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Rocket Homes Real Estate, LLC. Website powered by IHR Technology Services. 
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.