🏠 Buying a house in New York | 🏘️ Selling a house in New York | 🚚 Moving to New York
❓ FAQ | 📊 Methodology
🏡 Home values in New York have risen 14.52% over the past year, indicating a seller's market.
📈 Housing inventory (the total number of homes for sale) stands at 35,437. That's about 5.26 months of inventory, indicating a seller's market.
📊 The sale-to-list price ratio (the percentage of listing price sellers are actually getting) is 102.60%, indicating a seller's market.
How does New York compare to the national average?
| Data point | Value | Rank | Compared to national avg |
| Typical home value | $504,464[1] | #8 of 50 states | 34.2% higher |
| Median listing price | $649,450[2] | #4 of 50 states | 46.5% higher |
| Median sale price | $592,100[3] | #8 of 50 states | 35.3% higher |
| 30-year mortgage rate | 6.94%[4] | #13 of 50 states | 0.5% lower |
| Median days on market | 64[5] | #31 of 50 states | 8.8% longer |
Looking to buy or sell in New York?
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Buying a house in the New York real estate market
New York has an affordability score of 7.2, meaning it takes 7.2 years of the median household income ($82,095) to afford New York's median home sale price ($592,100). Because of this, we rank New York as the 5th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to national avg |
| Median sale price | $592,100[6] | #8 of 50 states | 35.3% higher |
| 30-year mortgage rate | 6.94%[7] | #13 of 50 states | 0.5% lower |
| Median household income | $82,095[8] | #15 of 50 states | 6.6% higher |
| Affordability ratio | 7.2 | #46 of 50 states | 29.3% higher |
| Buyers agent commission | 2.69%[9] | #10 of 50 states | 2.1% lower |
Who pays for realtor commission in New York?
Real estate agents' commissions are technically the responsibility of their respective clients - buyers pay their agents, and sellers pay theirs. Each party signs a contract with their agent promising to pay. However, sellers usually offer to pay for the buyer's agent so they can more easily afford the home.
Who pays closing costs in New York?
Sellers are usually responsible for most closing costs, but some closing expenses fall to the buyer. As a buyer, you'll be expected to pay for the mortgage loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.
Learn more about who pays closing costs in New York.
Resources for New York home buyers
Preparing to buy in New York
New York home buying costs
Selling a house in the New York real estate market
According to our detailed survey of New York real estate agents, listing agents (those representing the seller) charge an average commission in New York of 3.07%, which is the 3rd highest in the United States. Buyers' agents charge an average commission of 2.69%, which is the 10th lowest in the United States.
| Data point | Value | Rank | Compared to national avg |
| Median listing price | $649,450[10] | #4 of 50 states | 46.5% higher |
| Median sale price | $592,100[11] | #8 of 50 states | 35.3% higher |
| Median days on market | 64[12] | #31 of 50 states | 8.8% longer |
| Buyer's agent commission | 2.69%[13] | #10 of 50 states | 2.1% lower |
| Listing agent commission | 3.07%[14] | #48 of 50 states | 8.1% higher |
Resources for New York home sellers
Preparing to sell in New York
- Selling a House in New York: 8 Simple Steps
- How Long Does It Take to Sell a House in New York?
- When Is the Best Time to Sell a House in New York?
- Top Real Estate Agents in New York
New York home selling costs and requirements
Moving to New York
According to our recent moving trends survey[15], New York is the 2nd most desirable state to move to, with 29% of Americans indicating that they would choose to move there if money were no object. Likewise, 23% of survey respondents indicated that they would move to New York among a choice of America's largest cities, and 11% indicated that they would move to Buffalo. Among medium-sized cities, 18% indicated that they would move to Albany, and 12% indicated that they would move to Syracuse.
Here's how New York cities rank in a number of our research studies.
| Study | Best New York city | Rank |
| Best Pizza Cities[16] | Buffalo | 2nd best |
| Best Coffee Cities[17] | New York | 14th best |
| Best LGBTQ Cities[18] | New York | 20th best |
| Best Bike Cities[19] | New York | 15th best |
| Best Commuter Cities[20] | Buffalo | 2nd best |
Where to shop for homes in New York
Frequently asked questions
As of October 10, 2025, the median days on market (DOM) in New York is 60. On average, it takes about 60 days to sell in New York.
Home values have risen in New York over the past year. The current median home value is $509,127 and it's projected to rise by 1.37% in the next year.
As of October 10, 2025, sellers in New York are typically getting 100% of the list price for their homes.
Methodology
Information on market conditions is based on Zillow data as of August 2025, Realtor.com data as of September 2025, and HouseCanary data as of October 10, 2025, unless specified otherwise.
We gathered our commission rate data from a September 2025 survey of 828 of agents nationwide. The survey asked about standard local rates for both listing and buying agents. These data points are averages based on responses we’ve received from 42 agents in New York.