RealTrends Market Report
New York, NY
Single-Family Homes
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New York, NY
Tue Apr 01 2025
This week the median list price for New York, NY is $5,249,500 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has increased to 44.
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 cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $5,249,500 | |
| Median Price of New Listings | $677,000 | |
| Per Square Foot | $1,578 | |
| Average Days on Market | 120 | |
| Median Days on Market | 39 | |
| Price Decreased | 16% | |
| Price Increased | 2% | |
| Relisted | 27% | |
| Inventory | 44 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer'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 |
|---|---|---|---|---|---|---|---|---|
| $29,995,000 | 6,090 | - | 6 | 5 | 124 | 1 | 0 | 105 |
| $7,250,000 | 4,290 | - | 5 | 4 | 124 | 0 | 0 | 35 |
| $2,795,000 | 4,160 | 0 - 4,500 sqft | 5 | 3.8 | 125 | 0 | 0 | 42 |
| $679,000 | 946 | 4,500 - 6,500 sqft | 2 | 1 | 46 | 3 | 1 | 35 |