New York, NY metro area Housing Market
Cold MarketComprehensive housing market data for the New York, NY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$790K
↑ 4.8% YoY
Days on Market
68 days
↑ 1.5% YoY
Active Inventory
20,466
↓ 8.2% YoY
Homes Sold
4,029
↓ 1.2% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
New York, NY metro area Market Summary
The New York, NY metro area housing market is cooling down. As of March 2026, the median home sale price is $790K, up 4.8% year-over-year. Homes are spending a median of 68 days on the market, 1.5% longer than a year ago.
There are 20,466 homes for sale — 8.2% fewer than last year. With 5.1 months of supply, this is a balanced market. 8,415 new listings were added during this period, down 3.2% year-over-year.
Homes are selling for 99.3% of their list price on average, suggesting room for negotiation. 26.4% of homes sell above their asking price. 18.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. New York Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 81% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
New York, NY metro area Market Trends
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Detailed Market Metrics
Median List Price
$849K
Price per Sq Ft
$491
Sale-to-List Ratio
99.3%
Months of Supply
5.1
Sold Above List
26.4%
Price Drops
18.0%
New Listings
8,415
↓ 3.2% YoY
Pending Sales
5,122
Off Market in 2 Weeks
21.4%
Other Markets in New York
Nassau County, NY metro area
$738K · 46d on market
Albany, NY metro area
$342K · 28d on market
Rochester, NY metro area
$256K · 9d on market
Buffalo, NY metro area
$253K · 30d on market
Poughkeepsie, NY metro area
$470K · 70d on market
Syracuse, NY metro area
$243K · 39d on market
Utica, NY metro area
$216K · 72d on market
Binghamton, NY metro area
$200K · 33d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.