Is New York, NY 10128 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

New York is a seller’s market. With about 3.1 months of supply and 20% 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.

Competition score47/ 100

More competitive than 48% of U.S. ZIP codes, and #470 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 supply3.1Under 4 months = seller’s market
Sold above original list19.8%Share of sales, last 3 months
Median sale-to-list99.2%Sold price ÷ list price
Median days on market57Listing to accepted offer
Median price per sq ft$1,157▼ −8.0% vs. last year

The New York housing market right now

In the three months ending August 31, 2026, 20% of homes in New York, NY 10128 sold above their list price, the typical home went under contract in 57 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 135 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold more slowly (50 days then) and the median sale price fell 14% to $1,187,486. Overall, New York is more competitive than a year ago, so tougher for buyers.

Within New York County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, New York ranks #470 of 649 NY ZIP codes with enough sales (score 47 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 seller’s market: there were 3.1 months of supply in New York, NY 10128 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 57 days in the latest three months.

Do homes in New York sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 99.2% 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 $1,187,486 in the three months ending August 31, 2026, about $1,157 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