Is New York, NY 10024 a buyer’s or seller’s market?
New York is a seller’s market. With about 1.9 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 62% of U.S. ZIP codes, and #405 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, 25% of homes in New York, NY 10024 sold above their list price, the typical home went under contract in 53 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 154 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (56 days then) and the median sale price rose 13% to $1,663,780. Overall, New York is more competitive than a year ago, so tougher for buyers.
Within New York County, homes here sell faster than in 93% of the county’s ZIP codes, and sell more often over asking than in 96%. On our competition score, New York ranks #405 of 649 NY ZIP codes with enough sales (score 59 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).
Run the numbers for 10024
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 →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 seller’s market: there were 1.9 months of supply in New York, NY 10024 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 53 days in the latest three months.
Do homes in New York sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 99.7% 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 $1,663,780 in the three months ending August 31, 2026, about $1,481 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