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Featured local agent — New York
Sarah Mitchell
Compass Real Estate · New York
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New York housing market
How is the New York housing market trending?
The median home sale price in New York is $620,500, a +5.1% change from a year ago. Homes sell in an average of 42 days with 38,137 active listings statewide. Properties Incorporated tracks 1,599 cities across New York with monthly market data from Redfin and Zillow plus Census demographic context. (Source: Redfin monthly MLS data + Zillow Research — the most recent releases; Redfin publishes each month's data on a ~6-week lag — as of May 2026.)
What are New York's key housing stats?
Latest monthly print: May 2026
Median sale price
$620,500
+5.1% YoY
Days on market
42
statewide average
Active listings
38,137
4.6 months supply
30-yr mortgage rate
6.66%
national, weekly
Sale-to-list ratio
101.8%
above asking on average
What is the New York housing market like right now?
New York's housing market spans 1,599 cities tracked by Properties Incorporated, from dense metropolitan cores to small rural markets. Conditions vary widely within the state — a single statewide number hides the spread between fast-moving urban markets and quieter inland towns — but the rollup figures above give a useful baseline for anyone evaluating a move, an investment, or a refinance in New York.
The Zillow Home Value Index for New York stands at $525,947, reflecting a +5.2% change over the past year. ZHVI tracks the typical home value across the full distribution of homes — not just transacted sales — so it captures shifts in New York's broader housing stock as well as recent buyer activity.
New York's months-of-supply reading is 4.6, inside the 4-to-6-month band that signals a balanced market with neither side holding a clear advantage.
Which cities lead the New York housing market?
1,599 markets tracked — sorted by population
How do New York cities rank by price and growth?
Top markets by price, growth, and velocity — within the largest cities in the state
Most expensive
- 1.Lake Success$2.40M
- 2.New Castle$1.60M
- 3.Pelham Manor$1.35M
- 4.Old Bethpage$1.18M
- 5.Brant$1.05M
- 6.Rensselaerville$950,000
- 7.Carmel$642,500
- 8.Lindenhurst$636,000
Most affordable
- 1.West End$109,000
- 2.Portville$121,500
- 3.Conklin$172,750
- 4.Schuyler Falls$174,950
- 5.Wilson$215,000
- 6.Gaines$250,000
- 7.Scriba$265,000
- 8.Greenport$270,000
Biggest price gains (YoY)
- 1.Rensselaerville+299.2%
- 2.Pompey+121.0%
- 3.Haviland+108.6%
- 4.Onondaga+73.3%
- 5.Old Bethpage+43.3%
- 6.Elma+43.3%
- 7.Churchville+40.2%
- 8.Boston+32.1%
Biggest price drops (YoY)
- 1.Claverack-52.6%
- 2.Greenport-41.3%
- 3.Rosendale Hamlet-36.3%
- 4.Conklin-31.7%
- 5.Golden's Bridge-30.2%
- 6.Nanuet-24.5%
- 7.New Lisbon-14.1%
- 8.Lake Success-7.7%
Fastest-selling
Rankings drawn from the most recent monthly Redfin print across the largest 50 cities by population in New York.
How do current mortgage rates affect New York home buyers?
The current 30-year fixed mortgage rate sits at 6.66%. For a buyer purchasing the New York median-priced home at $620,500 with a 20% down payment, the monthly principal-and-interest payment works out to roughly $3,190 — before taxes, insurance, HOA fees, or private mortgage insurance.
That payment shifts meaningfully with rate moves: a half-point swing on a $496,400 loan changes the monthly bill by roughly $75 to $100. Buyers locking in today should also budget for property taxes and homeowners insurance, both of which can add hundreds per month and vary by county. Model your specific scenario in the mortgage calculator. For where rates and prices are headed next, see our 2026 national forecast comparison.
How do you research New York real estate?
Every New York city page includes the same metric set as the statewide rollup above — median sale price, year-over-year change, days on market, active inventory, sale-to-list ratio — plus current listings drawn from public MLS feeds, Census Bureau demographic context, and a market-verdict assessment of where the balance currently sits between buyers and sellers.
When you're evaluating a move into New York or considering an investment property, three resources work well together: the mortgage calculator for payment math, the affordability tool to back into a target price from income, and the city comparison tool for side-by-side analysis of two finalist markets. Pair them with individual city profiles for the deepest read. For market trend analysis and buying guides, the Properties Incorporated blog covers New York housing trends, first-time buyer guides, and investment analysis updated monthly.
Key questions about New York real estate
What is the median home price in New York?
The median sale price in New York is $620,500 as of May 2026, a +5.1% change from a year earlier.
How is the New York housing market right now?
As of the most recent monthly print, homes in New York are spending about 42 days on the market with roughly 38,137 active listings statewide. Months of supply sits at 4.6 — under 4 months typically favors sellers, over 6 months favors buyers.
Which New York cities are most affordable?
The most affordable cities in New York by median sale price include West End, Portville, Conklin, Schuyler Falls, Wilson. Each city page breaks down price, days on market, and recent listings.
Which New York cities are most expensive?
The highest median-price cities tracked in New York include Lake Success, New Castle, Pelham Manor, Old Bethpage, Brant. Price-per-square-foot, inventory levels, and year-over-year change are listed on each city page.
Which New York cities are seeing the biggest price increases?
Year-over-year price growth leaders in New York include Rensselaerville (+299.2%), Pompey (+121.0%), Haviland (+108.6%), Onondaga (+73.3%), Old Bethpage (+43.3%). Strong gains can reflect supply constraints, inbound migration, or a combination — read each city page for context.
How long do homes in New York take to sell?
The statewide average is roughly 42 days on market. Velocity varies sharply between cities — Rosendale Hamlet averages just 4 days, while smaller markets tend to see longer marketing periods.
How does New York compare to the national housing market?
New York's market data is reported alongside national benchmarks so you can see how the state stacks up. Median price and YoY are shown on each city page.
What is the current 30-year mortgage rate, and what does it mean for New York buyers?
The current 30-year fixed mortgage rate is approximately 6.66%. A buyer purchasing a New York-median home with 20% down would face roughly $3,190 per month in principal and interest, before taxes, insurance, or HOA fees. Use the mortgage calculator to model your specific numbers.
Is New York a good place to invest in real estate?
Whether New York fits your investment thesis depends on time horizon, target city, and whether you're optimizing for cash flow or appreciation. Use the city rankings above — particularly the price-growth and days-on-market columns — to identify markets aligned with your strategy, then drill into the city profile for inventory, demographics, and recent sales context.
How do I get started buying a home in New York?
Start with a target city (use the rankings above to narrow), then review that city's profile for median price, inventory, and current listings. Run the numbers through the mortgage calculator using today's rate to see what payment fits your budget, and compare two finalists side-by-side using the city comparison tool.
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