Is New York, NY a buyer's market or a seller's market?
New York, NY is a buyer's market right now. There are 23,512 homes for sale, and at the current pace of sales it would take about 5.9 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. New York, NY sits at 5.9.
There are more homes for sale than buyers. Buyers have the edge. The typical home took 54 days to go under contract, and 33% of sales closed above the asking price.
The number of homes for sale is 7% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the New York, NY area, through May 2026.
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More about the New York, NY market
- When is the best month to sell a house in New York, NY?
- How long does it take to sell a house in New York, NY?
- Do homes sell above asking price in New York, NY?
- Are home prices going up or down in New York, NY?
- How many homes are for sale in New York, NY?
- All New York, NY housing numbers
Other markets
- Is Nassau County, NY a buyer's market or a seller's market?
- Is Rochester, NY a buyer's market or a seller's market?
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- Is Poughkeepsie, NY a buyer's market or a seller's market?
- Is Syracuse, NY a buyer's market or a seller's market?
- Is Binghamton, NY a buyer's market or a seller's market?
- Is Utica, NY a buyer's market or a seller's market?
Figures come from Redfin's published market data for the New York, NY area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.