Is New York, NY 10161 a buyer’s or seller’s market?
New York is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 14% of U.S. ZIP codes, and #613 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, 3% of homes in New York, NY 10161 sold above their list price, the typical home went under contract in 144 days and there were 4.3 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 32 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 7%, homes sold more slowly (69 days then) and the median sale price rose 18% to $4,473,064. Overall, New York is less competitive than a year ago, which gives buyers more room.
On our competition score, New York ranks #613 of 649 NY ZIP codes with enough sales (score 20 out of 100).
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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 balanced market: there were 4.3 months of supply in New York, NY 10161 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 144 days in the latest three months.
Do homes in New York sell over asking?
3% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What is the median home price in New York?
The median sale price was $4,473,064 in the three months ending August 31, 2026, about $1,980 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