Is New York, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS | Dec 2020 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | $275.7K | $275.5K | -0.1% |
| 2 Bedrooms | $412.7K | $429.4K | +4.1% |
| 3 Bedrooms | $628.9K | $684.9K | +8.9% |
| 4 Bedrooms | $749.9K | $822.2K | +9.6% |
| 5+ Bedrooms | $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 2021 | Dec 2021 | % |
|---|---|---|
| 16,501 | 16,193 | -1.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2021 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | 3,171 | 3,179 | 0.3% |
| 2 Bedrooms | 3,646 | 3,601 | -1.2% |
| 3 Bedrooms | 3,852 | 3,636 | -5.6% |
| 4 Bedrooms | 2,081 | 2,028 | -2.5% |
| 5+ Bedrooms | 3,751 | 3,749 | -0.1% |
Number of Homes Sold
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 1,366 | 1,510 | +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
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 2020 | Dec 2021 | % |
|---|---|---|
| 86 Days | 83 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
Key Takeaway
Avg time on Rocket Homes in New York has remained consistent over time.
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. 