New York Housing Market

Cool Market

Housing market data and trends for New York. Track median prices, inventory, days on market, and competition metrics for real estate investors.

Data period: March 2026

Median Sale Price

$599K

7.3% YoY

Days on Market

57 days

9.6% YoY

Active Inventory

31,210

7.6% YoY

Homes Sold

8,271

6.1% YoY

Cool Market

Buyer activity is slowing, creating more negotiating room.

New York Market Summary

The New York housing market is cooling down. As of March 2026, the median home sale price is $599K, up 7.3% year-over-year. Homes are spending a median of 57 days on the market, 9.6% longer than a year ago.

There are 31,210 homes for sale — 7.6% fewer than last year. With 3.8 months of supply, this is a seller's market. 14,976 new listings were added during this period, down 3.4% year-over-year.

Homes are selling for 99.9% of their list price on average, suggesting room for negotiation. 34.4% of homes sell above their asking price. 18.8% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

68

Contributing Factors

Months of Supply 3.8
Days on Market 57
Price Drops 18.8%
Sale-to-List Ratio 99.9%
Market Temperature Cool

How This Market Compares

vs. National Median

Median Price (National: $437K) 37.2%
Days on Market (National: 55) 3.6%
Inventory (National: 1,314,690) 97.6%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 37% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.

New York Market Trends

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Detailed Market Metrics

Median List Price

$684K

Price per Sq Ft

$488

Sale-to-List Ratio

99.9%

Months of Supply

3.8

Sold Above List

34.4%

Price Drops

18.8%

New Listings

14,976

3.4% YoY

Pending Sales

10,800

Metro Areas in New York

New York, NY metro area

$790K median

Cold Market

68 days

on market

Nassau County, NY metro area

$738K median

Warm Market

46 days

on market

Albany, NY metro area

$342K median

Hot Market

28 days

on market

Rochester, NY metro area

$256K median

Hot Market

9 days

on market

Buffalo, NY metro area

$253K median

Hot Market

30 days

on market

Poughkeepsie, NY metro area

$470K median

Cool Market

70 days

on market

Syracuse, NY metro area

$243K median

Hot Market

39 days

on market

Utica, NY metro area

$216K median

Cool Market

72 days

on market

Binghamton, NY metro area

$200K median

Warm Market

33 days

on market

Kingston, NY metro area

$443K median

Cold Market

84 days

on market

Jamestown, NY metro area

$143K median

Cold Market

72 days

on market

Glens Falls, NY metro area

$293K median

Cool Market

67 days

on market

Watertown, NY metro area

$238K median

Cool Market

120 days

on market

Elmira, NY metro area

$154K median

Cold Market

103 days

on market

Hudson, NY metro area

$570K median

Cold Market

126 days

on market

Ogdensburg, NY metro area

$130K median

Cold Market

79 days

on market

Corning, NY metro area

$145K median

Cool Market

94 days

on market

Ithaca, NY metro area

$360K median

Cold Market

71 days

on market

Gloversville, NY metro area

$205K median

Warm Market

23 days

on market

Auburn, NY metro area

$200K median

Cool Market

79 days

on market

Olean, NY metro area

$178K median

Cold Market

112 days

on market

Plattsburgh, NY metro area

$220K median

Cold Market

101 days

on market

Oneonta, NY metro area

$238K median

Cold Market

102 days

on market

Amsterdam, NY metro area

$190K median

Warm Market

26 days

on market

Malone, NY metro area

$159K median

Cold Market

67 days

on market

Batavia, NY metro area

$209K median

Hot Market

28 days

on market

Cortland, NY metro area

$249K median

Cool Market

59 days

on market

Seneca Falls, NY metro area

$184K median

Cold Market

76 days

on market

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.