New York Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


New York real estate trends

Real estate trends in New York | Sellers | Buyers | Investors | The best and worst of New York | New York resources

New York real estate trends (October 2021)

How is the real estate market in New York?
🏠 Average home value: $379,457
📈 1.63% home value increase month over month
💰 Median sale price: $518,000
⏳ 88 days on the market
🔑 Homes on the market: 59,417
📆 1.6 months of housing inventory
🏦 30-year mortgage rate: 3.00%
💵 Average income: 49754
State of the market: B+
New York’s statewide market is an outlier; listing prices are nearly double home values, because of the NYC market’s gravity. But home values are heading upwards throughout the state, and a healthy amount of inventory should prevent the market from getting overheated.
*Data last updated October 2021

Few cities around the world compare to New York City.

From Central Park to Broadway, Brooklyn to the Bronx, New York's humming energy, thriving creative scenes, and competitive corporate culture are unparalleled.

But beyond the Big Apple, New York state has a lot to offer, too. Within a few hours of the city, you'll find the natural beauty of the Catskill Mountains, the Finger Lakes, and an abundance of art museums and galleries.

If you're thinking of buying or selling in New York, these New York housing predictions and stats can help you make an informed decision.

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Selling a home in New York

New York real estate market forecast for sellers
⏰ Homes are selling 18 days faster than the annual average
💰 Homes are selling for $3,704 less than the annual average
💸 Average listing commission: 2.66%
💸 Average buyer's commission: 2.45%

How to sell a home in New York

Cost to sell a home in New York

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Buying a home in New York

How much home you can buy with $300,000 in...
🏠 New York: 1,345 sq ft
🏡 Rochester: 2,415 sq ft
🏡 Buffalo: 2,056 sq ft
🏠 Albany: 1,706 sq ft

Investing in New York real estate

Best of New York

Each month, we compare cities in New York based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in New York
1. Jamestown-Dunkirk-Fredonia
2. Ogdensburg-Massena
3. Olean
4. Elmira
5. Corning

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Worst of New York

Each month, we compare cities in New York based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in New York
1. New York-Newark-Jersey City
2. Poughkeepsie-Newburgh-Middletown
3. Kingston
4. Ithaca
5. Albany-Schenectady-Troy

New York resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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