Is New York, NY 10280 a buyer’s or seller’s market?

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

New York is a buyer’s market. With about 12.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score20/ 100

More competitive than 14% of U.S. ZIP codes, and #614 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 supply12.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market83Listing to accepted offer
Median price per sq ft$1,104▲ +18.0% vs. last year

The New York housing market right now

In the three months ending August 31, 2026, 0% of homes in New York, NY 10280 sold above their list price, the typical home went under contract in 83 days and there were 12.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (66 days then) and the median sale price rose 79% to $1,216,973. Overall, New York is less competitive than a year ago, which gives buyers more room.

Within New York County, homes here sell more slowly than in 51% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, New York ranks #614 of 649 NY ZIP codes with enough sales (score 20 out of 100).

Nearby, 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 buyer’s market: there were 12.2 months of supply in New York, NY 10280 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 83 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 99.8% 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 $1,216,973 in the three months ending August 31, 2026, about $1,104 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