Is New York, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New York has remained a Buyer's Market.
Housing Prices in New York, NY
How much do homes in New York, NY cost?
Median Sold Price
$849,191
$639/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New York was $849,191 in April 2024, down 0.3% from last year, and the median price per square foot was $639.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $611.5K | $577.2K | -5.6% |
2 Bedrooms | $864.3K | $832.3K | -3.7% |
3 Bedrooms | $850.2K | $850.4K | 0.0% |
4 Bedrooms | $985.2K | $978.5K | -0.7% |
5+ Bedrooms | $1.2M | $1.1M | -2.4% |
Summary: New York housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 2.4%.
Housing Supply in New York, NY
How many homes are available in New York, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20,556 | 21,327 | +3.8% |
Summary: The New York real estate market had 21,327 homes for sale in April 2024, a 3.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5,122 | 5,183 | +1.2% |
2 Bedrooms | 5,374 | 5,513 | +2.6% |
3 Bedrooms | 4,227 | 4,399 | +4.1% |
4 Bedrooms | 2,142 | 2,249 | +5.0% |
5+ Bedrooms | 3,691 | 3,983 | +7.9% |
Summary: The New York housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,614 | 1,674 | +3.7% |
Asking Price vs. Sold Price
748 Homes Were Sold
Under Asking
758 Homes Were Sold
At Asking
168 Homes Were Sold
Over Asking
Summary: A total of 1,674 homes were sold or pending in New York in April 2024, up by 3.7% month-over-month. Of the 1,674 sold homes, 45% were sold under asking, 45% were sold at asking, and 10% were sold over asking.
Days on Market for New York, NY
How long does it take to sell a home in New York, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
96 Days | 96 Days | -0.6% |
Summary: Homes in New York had an average of 96 days on market in Apr 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
208 Homes Were Sold
Under 30 Days
345 Homes Were Sold
In 30 - 90 Days
355 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1674 homes were sold in New York; 12% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.