RealTrends Market Report

New York, NY

Single-Family Homes

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New York, NY

Tue Jul 16 2024
This week the median list price for New York, NY is $3,535,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 87. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

New York, NY

Tue Jul 16 2024
This week the median list price for New York, NY is $3,535,000 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has increased to 87. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the New York market.
Median List Price $3,535,000
Median Price of New Listings $2,695,000
Per Square Foot $1,584
Average Days on Market 53
Median Days on Market 14
Price Decreased 9%
Price Increased 0%
Relisted 1%
Inventory 87
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$15,500,000 6,800 0 - 4,500 sqft 5 5 114 4 4 56
$6,150,000 3,800 0 - 4,500 sqft 4 4 114 6 8 14
$2,320,000 1,722 0 - 4,500 sqft 3 3 95 8 5 14
$692,500 630 0 - 4,500 sqft 1 1 62 9 10 7