New York Bank Owned Homes

Bank owned properties may also be referred to as New York REO properties. REO stands for “real estate owned” and is used to refer to these properties because they are real estate owned by the bank.

Finding New York Bank Owned (REO) Properties

Bank owned homes or REOs for sale in New York are usually marketed by the bank or lender that owns the property. Although some banks may work with real estate agents or other professionals to sell these properties. Most banks have an REO division dedicated to working out deals with NY buyers like you.

RealtyTrac’s listings of real estate owned in NY are the most up - to - date in the country and include as much information as possible about these properties. Use the filter function to focus on your target market and review all available information before contacting the bank and making an offer.

Market Overview for Bank Owned (REO) Properties in New York

County Median Est. Val
Suffolk
$439,400
$289.00/sqft
Nassau
$576,700
$351.00/sqft
Queens
$549,900
$469.00/sqft
Westchester
$582,900
$341.00/sqft
Erie
$159,200
$128.00/sqft
Bronx
$536,000
$290.00/sqft
Putnam
$343,050
$227.00/sqft
Jefferson
$148,700
$78.00/sqft
Kings
$607,600
$489.50/sqft
Orange
$205,300
$160.00/sqft