RealTrends Market Report

New York, NY

Single-Family Homes

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New York, NY

Fri Jun 21 2024
This week the median list price for New York, NY is $7,250,000 with the market action index hovering around 40. This is less than last month's market action index of 48. Inventory has increased to 33. Click here to stay informed with the New York market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

New York, NY

Fri Jun 21 2024
This week the median list price for New York, NY is $7,250,000 with the market action index hovering around 40. This is less than last month's market action index of 48. Inventory has increased to 33. Click here to stay informed with the New York market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the New York market.
Median List Price $7,250,000
Median Price of New Listings $3,475,000
Per Square Foot $1,593
Average Days on Market 131
Median Days on Market 56
Price Decreased 6%
Price Increased 0%
Relisted 3%
Inventory 33
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$37,997,500 11,957 0 - 4,500 sqft 7 8.5 114 0 0 28
$9,075,000 3,800 0 - 4,500 sqft 4 4.3 125 1 2 80
$6,397,500 4,520 0 - 4,500 sqft 5 3.5 123 0 0 73
$2,199,000 3,536 0 - 4,500 sqft 5 3 123 2 0 49