New York (NY) housing market
Warm MarketStatewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.
Data period: May 2026
Market snapshot
- Median sale price
- $621K
- Median days on market
- 42 days
- Months of supply
- 4.6
- Active inventory
- 38,137
- Homes sold
- 8,348
- Sale-to-list ratio
- 101.8%
- Listings with price drop
- 21.9%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- Medium
- Pricing signal vs. U.S. median
- Harder buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Appreciation · Negotiation
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Warm Market
The market is active with moderate buyer demand.
New York market summary
The New York housing market is heating up. As of May 2026, the median home sale price is $621K, up 5.1% year-over-year. Homes are spending a median of 42 days on the market, 13.5% longer than a year ago.
There are 38,137 homes for sale — 4.7% fewer than last year. With 4.6 months of supply, this is a balanced market. 17,886 new listings were added during this period, down 2.4% year-over-year.
Homes are selling for 101.8% of their list price on average, indicating buyers are paying above asking. 42.6% of homes sell above their asking price. 21.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
62
Contributing Factors
How This Market Compares
vs. National Median
Investor takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 38% above the national median. Model rent-to-price and expenses carefully before assuming cash flow.
New York market trends
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Detailed market metrics
Median list price
$639K
Price per sq ft
$418
Sale-to-list ratio
101.8%
Months of supply
4.6
Sold above list
42.6%
Price drops
21.9%
New listings
17,886
↓ 2.4% YoY
Pending sales
14,161
New York housing market FAQs
What is the median home price in New York?
For the latest published month, the median sale price in New York is $621K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is New York a buyer's or seller's market?
With about 4.6 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.
How long do homes stay on the market in New York?
For the latest published month, the median days on market in New York is 42 days — half of homes went pending faster and half slower.
Is New York good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. New York can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in New York?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for New York deals.
Metro markets in New York
Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.
New York, NY
$814K median · 54 days on market
Nassau County, NY
$754K median · 29 days on market
Rochester, NY
$290K median · 8 days on market
Buffalo, NY
$270K median · 12 days on market
Albany, NY
$340K median · 10 days on market
Poughkeepsie, NY
$500K median · 41 days on market
Syracuse, NY
$275K median · 22 days on market
Binghamton, NY
$201K median · 49 days on market
Utica, NY
$223K median · 52 days on market
Kingston, NY
$453K median · 61 days on market
Glens Falls, NY
$341K median · 42 days on market
Watertown, NY
$247K median · 69 days on market
Corning, NY
$179K median · 71 days on market
Jamestown, NY
$165K median · 22 days on market
Elmira, NY
$144K median · 82 days on market
Ithaca, NY
$355K median · 57 days on market
Hudson, NY
$425K median · 47 days on market
Olean, NY
$170K median · 28 days on market
Ogdensburg, NY
$143K median · 97 days on market
Plattsburgh, NY
$255K median · 85 days on market
Auburn, NY
$203K median · 98 days on market
Gloversville, NY
$192K median · 22 days on market
Oneonta, NY
$254K median · 77 days on market
Amsterdam, NY
$204K median · 37 days on market
Batavia, NY
$225K median · 12 days on market
Cortland, NY
$220K median · 35 days on market
Seneca Falls, NY
$193K median · 10 days on market
Malone, NY
$190K median · 108 days on market
More New York housing market data
Compare how New York fits nationally on the U.S. housing market overview, or browse the top 100 U.S. metro housing markets by sales activity.
New to underwriting? Read how much cash it takes to buy a rental in 2026 — then stress-test assumptions in the calculators above.
Underwrite a New York rental with real numbers
Cash flow, Cap Rate, DSCR, and cash-on-cash return — built for speed without skipping rigor.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.