I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in New York
💡 Key New York housing market facts
| Data Point | Value | Rank | Compared to National Avg |
| Typical Home Value | $453,138[1] | #10 of 50 states | 27.9% higher |
| Median Listing Price | $685,000[2] | #4 of 50 states | 56.6% higher |
| Median Sale Price | $486,300[3] | #9 of 50 states | 24.8% higher |
| 30 Year Mortgage Rate | 6.94%[4] | #13 of 50 states | 0.5% lower |
| Median Days on Market | 58[5] | #37 of 50 states | 16.2% longer |
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🗺️ Buying a house in the New York real estate market
New York has an affordability score of 6.8, meaning it takes 6.8 years of the median household income ($71,117) to afford New York's median home sale price ($486,300). Because of this, we rank New York as the 15th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to National Avg |
| Median Sale Price | $486,300[6] | #9 of 50 states | 24.8% higher |
| 30 Year Mortgage Rate | 6.94%[7] | #13 of 50 states | 0.5% lower |
| Median Household Income | $71,117[8] | #14 of 50 states | 10.2% higher |
| Affordability Ratio | 6.8 | #36 of 50 states | 14.3% higher |
| Buyers Agent Commission | 2.39%[9] | #5 of 50 states | 10.7% lower |
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%, which is the 14th highest in the United States. Buyers' agents charge an average commission of 2.39%, which is the 5th lowest in the United States.
| Data Point | Value | Rank | Compared to National Avg |
| Median Listing Price | $685,000[10] | #4 of 50 states | 56.6% higher |
| Median Sale Price | $486,300[11] | #9 of 50 states | 24.8% higher |
| Median Days on Market | 58[12] | #37 of 50 states | 16.2% longer |
| Buyer's Agent Commission | 2.39%[13] | #5 of 50 states | 10.7% lower |
| Listing Agent Commission | 3.00%[14] | #37 of 50 states | 5% higher |
Resources for New York home sellers
Preparing to sell in New York
- Selling a House in New York: Everything You Need to Know
- Average Time 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 |