New York - NY housing market
The New York metro has a typical home value of $735,075, up 4.7% from a year ago. Homes sell in 30 days on average, a balanced market. Data from Zillow Research, updated monthly.
New York housing market, October 2026
The typical New York home is worth $735,076 as of August 2026, up 0.5% from the prior month, up 1.1% over three months, and up 4.7% from a year ago. Over the past two years values have ranged from $681,787 to $735,076.
Homes are going pending in about 30 days, slower than the 23 days seen three months earlier. There are roughly 49,356 homes for sale, 3% more than a year ago. 16.0% of listings have taken a price cut (up from 13.7% three months ago).
Typical rent is $3,615 a month, up 4.3% year over year, which puts the price-to-rent ratio at 16.9.
At this week's 7.40% mortgage rate with 20% down ($147,015), the typical New York home costs about $4,990 a month including tax and insurance, which needs a household income of roughly $213,900 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($735,075) is the Zillow Home Value Index for the New York - NY metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.7% over the past year. In New York - NY, that means a home worth $702,077 last year is now worth roughly $735,075.
The median sale price, what homes actually close for, is $689,168. Homes are selling at 102.4% of list price, meaning buyers are typically paying at or above asking.
Homes listed in New York - NY sit on the market for roughly 30 days before going pending. Shorter = seller's market; longer = buyer's market.
About 16.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 13,401 new listings hit the market each month in New York - NY. There are currently 49,356 homes for sale, up 2.6% from a year ago.
The typical monthly rent in New York - NY is $3,615, up 4.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.9x, toss-up (#99 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $4,072 a month in principal and interest, $457 more than renting before taxes, insurance and upkeep. The two break even at a 6.23% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in NY
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Buffalo - NY | $291,683 | +4.1% | 11.0d |
| Rochester - NY | $286,834 | +4.9% | 9.0d |
| Albany - NY | $375,358 | +5.3% | 8.0d |
| Syracuse - NY | $270,832 | +6.7% | 8.0d |
| Utica - NY | $233,378 | +6.8% | 17.0d |
| Binghamton - NY | $204,127 | +6.7% | 13.0d |