Is New York, NY 10279 a buyer’s or seller’s market?
New York is a seller’s market. With about 2.6 months of supply and 0% 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.
The New York housing market right now
In the three months ending August 31, 2026, 0% of homes in New York, NY 10279 sold above their list price, the typical home went under contract in 185 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 (965 days then) and the median sale price fell 37% to $3,913,307. Overall, New York is more competitive than a year ago, so tougher for buyers.
Within New York County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, New York 10018 (25% sold over asking) and New York 10033 (25% sold over asking) are even more competitive.
Run the numbers for 10279
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 2.6 months of supply in New York, NY 10279 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 185 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 98.1% 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 $3,913,307 in the three months ending August 31, 2026, about $2,401 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