Is New York, NY 10156 a buyer’s or seller’s market?
New York is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The New York housing market right now
In the three months ending August 31, 2026, 0% of homes in New York, NY 10156 sold above their list price, the typical home went under contract in 58 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (79 days then) and the median sale price fell 91% to $729,684. Overall, New York is more competitive than a year ago, so tougher for buyers.
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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 buyer’s market: there were 6.4 months of supply in New York, NY 10156 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 58 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 99.3% of the list price.
What is the median home price in New York?
The median sale price was $729,684 in the three months ending August 31, 2026.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology