Mark Johnson
New York, NY
Single-Family Homes
Market Update
New York, NY
Mon May 19 2025
This week the median list price for New York, NY is $5,972,500 with the market action index hovering around 23. This is less than last month's market action index of 25. Inventory has increased to 86.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $5,972,500 | |
| Median Price of New Listings | $9,500,000 | |
| Per Square Foot | $1,613 | |
| Average Days on Market | 96 | |
| Median Days on Market | 42 | |
| Price Decreased | 19% | |
| Price Increased | 2% | |
| Relisted | 10% | |
| Inventory | 86 | |
| Median Rent | ||
| Market Action | 23 | |
| Slight Buyer's Advantage | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $18,000,000 | 7,395 | - | 6 | 6 | 124 | 3 | 2 | 49 |
| $8,900,000 | 5,164 | - | 5 | 5 | 126 | 7 | 2 | 28 |
| $3,745,000 | 4,160 | 0 - 4,500 sqft | 6 | 4.8 | 124 | 1 | 3 | 28 |
| $949,997 | 1,722 | 0 - 4,500 sqft | 3 | 2.5 | 63 | 1 | 1 | 63 |