Is New York, NY 10009 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

New York is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score20/ 100

More competitive than 14% of U.S. ZIP codes, and #612 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

Months of supply4Under 4 months = seller’s market
Sold above original list4.8%Share of sales, last 3 months
Median sale-to-list98.3%Sold price ÷ list price
Median days on market117Listing to accepted offer
Median price per sq ft$1,358▼ −5.9% vs. last year

The New York housing market right now

In the three months ending August 31, 2026, 5% of homes in New York, NY 10009 sold above their list price, the typical home went under contract in 117 days and there were 4 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 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (87 days then) and the median sale price held steady to $928,598. Overall, New York is less competitive than a year ago, which gives buyers more room.

Within New York County, homes here sell more slowly than in 84% of the county’s ZIP codes, and sell less often over asking than in 64%. On our competition score, New York ranks #612 of 649 NY ZIP codes with enough sales (score 20 out of 100).

Nearby, buyers who want less competition could look at New York 10282 (0% sold over asking) or New York 10280 (0% sold over asking), while New York 10018 (25% sold over asking) and New York 10033 (25% sold over asking) are even more competitive.

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 10004Balanced $1,175 /sq ft Browse all markets →

Where New York is

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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 months of supply in New York, NY 10009 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 117 days in the latest three months.

Do homes in New York sell over asking?

5% of homes sold above their original list price, and the typical sale closed at 98.3% 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 $928,598 in the three months ending August 31, 2026, about $1,358 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