Is New York, NY 10004 a buyer’s or seller’s market?
New York is a balanced market. With about 4.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 8% of U.S. ZIP codes, and #633 of 649 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The New York housing market right now
In the three months ending August 31, 2026, 0% of homes in New York, NY 10004 sold above their list price, the typical home went under contract in 94 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (109 days then) and the median sale price rose 33% to $1,206,978. Overall, New York is more competitive than a year ago, so tougher for buyers.
Within New York County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, New York ranks #633 of 649 NY ZIP codes with enough sales (score 15 out of 100).
Nearby, New York 10018 (25% sold over asking) and New York 10033 (25% sold over asking) are even more competitive.
Run the numbers for 10004
Nearby markets
New York 10001Balanced $1,736 /sq ftNew York 10002Buyer’s market $1,411 /sq ftNew York 10003Seller’s market $1,776 /sq ftNew York 10005Buyer’s market $1,144 /sq ft Browse all markets →Towns like New York nearby
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Questions about New York real estate
Is New York a buyer’s or seller’s market?
A balanced market: there were 4.2 months of supply in New York, NY 10004 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New York?
The typical home went under contract in 94 days in the latest three months.
Do homes in New York sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in New York?
About 0.92% of a home’s value a year in New York County, or roughly $3,680 on a $400,000 home.
What is the median home price in New York?
The median sale price was $1,206,978 in the three months ending August 31, 2026, about $1,175 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology