New York Home Values & Market Trends

There have been 175,093 properties sold in the New York real estate market trends. Median home values in the New York housing market are $471,978.68. The median residential home value for transactions over the last 12 months is 275,214.937. The State of New York currently has 47,536 properties in foreclosure, 593 bank owned properties, and 1,846 headed for auction.

New York Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Suffolk

$ 643,613

$ 364/sqft

Otsego

$ 204,321

$ 136/sqft

Nassau

$ 790,965

$ 471/sqft

Sullivan

$ 302,536

$ 212/sqft

Queens

$ 834,255

$ 583/sqft

Broome

$ 190,922

$ 110/sqft

Kings

$ 926,800

$ 579/sqft

Clinton

$ 214,928

$ 119/sqft

Monroe

$ 210,683

$ 141/sqft

Wayne

$ 210,725

$ 124/sqft

Erie

$ 239,900

$ 166/sqft

Fulton

$ 167,327

$ 109/sqft

Ulster

$ 449,181

$ 249/sqft

Franklin

$ 165,000

$ 96/sqft

Richmond

$ 707,207

$ 422/sqft

Warren

$ 357,504

$ 194/sqft

Dutchess

$ 442,926

$ 204/sqft

Delaware

$ 210,500

$ 135/sqft

Albany

$ 308,530

$ 187/sqft

Washington

$ 190,912

$ 134/sqft

Saratoga

$ 428,922

$ 228/sqft

Tioga

$ 158,810

$ 89/sqft

Chautauqua

$ 149,858

$ 102/sqft

Livingston

$ 200,503

$ 129/sqft

St. Lawrence

$ 104,435

$ 64/sqft

Schoharie

$ 231,697

$ 134/sqft

Chemung

$ 139,766

$ 82/sqft

Essex

$ 329,000

$ 169/sqft

Oneida

$ 189,900

$ 131/sqft

Chenango

$ 150,950

$ 82/sqft

Schenectady

$ 251,520

$ 163/sqft

Montgomery

$ 182,145

$ 108/sqft

Rensselaer

$ 249,450

$ 165/sqft

Allegany

$ 124,900

$ 78/sqft

Bronx

$ 668,800

$ 380/sqft

Genesee

$ 177,400

$ 115/sqft

Steuben

$ 167,423

$ 98/sqft

Cortland

$ 179,950

$ 122/sqft

Jefferson

$ 234,223

$ 137/sqft

Putnam

$ 500,398

$ 240/sqft

Tompkins

$ 370,450

$ 199/sqft

Schuyler

$ 145,174

$ 90/sqft

Onondaga

$ 212,646

$ 142/sqft

Cayuga

$ 207,731

$ 114/sqft

New York

$ 1,324,500

$ 1,466/sqft

Orleans

$ 170,656

$ 108/sqft

Columbia

$ 441,707

$ 238/sqft

Oswego

$ 139,000

$ 93/sqft

Ontario

$ 299,377

$ 154/sqft

Madison

$ 126,509

$ 91/sqft

Niagara

$ 190,701

$ 133/sqft

Seneca

$ 184,999

$ 98/sqft

Cattaraugus

$ 158,031

$ 101/sqft

Yates

$ 275,000

$ 196/sqft

Greene

$ 390,000

$ 217/sqft

Rockland

$ 682,088

$ 354/sqft

Herkimer

$ 146,250

$ 98/sqft

Lewis

$ 180,548

$ 113/sqft

Westchester

$ 700,708

$ 369/sqft

Wyoming

$ 209,900

$ 104/sqft

Orange

$ 385,344

$ 217/sqft

Hamilton

$ 340,187

$ 157/sqft

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Housing Market Summary for New York

Jun 2023May 2024Change
Median Listing Price$569.6K$613.5K7.70%
Median Sold Price$455.7K$508.5K11.60%
Homes For Sale20,46618,681-8.72%
Homes Sold76,14486,22413.24%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in New York

There are currently 19,343 properties for sale in New York. The current home value ranges in price from 1 to 38,000,000. The total count of properties in the state is 4,212,451, and the percentage of properties for sale is 19343.00%.

Foreclosure
There are 62 counties within New York; within these counties, the median estimated home value for homes in foreclosure ranges from $45,838,149 in Rockland to the lowest value of $15,507 in Rockland. Foreclosure homes account for 1.00% of properties in New York with Suffolk containing 8247 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.07% of all residential properties in New York with Suffolk containing 7953 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 62 counties within New York; of those counties, the estimated home value for pre-foreclosure homes ranges from $35,085,731 in New York to the lowest home value of $15,507 in Rockland.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in New York ranges from the highest value of $4,248,555 in Kings to the lowest value of $19,360 in St. Lawrence. Bank owned homes and properties account for 0.01% of properties in New York. There are 62 counties within New York; Nassau containing 145 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Nassau has 359 auction properties, the highest number of properties going to auction in a single county in the state of New York. Auction homes and other auction properties account for 0.04% of all properties in New York. There are 62 counties within New York; of those counties, the median estimated home value for homes going to auction ranges from $5,671,295 in New York to the lowest value of $29,929 in New York.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.46% of residential properties in New York with Suffolk containing 4039 homes for sale, the highest number of listed properties in a single county. There are 62 counties within New York; homes for sale in those counties, have a range of median values from $22,500,000 in New York to the lowest value of $18,104 in Chemung.
    Sold Homes
    The median value for recently sold homes ranges from $11,457,260 in Bronx to the lowest price of $13,453 in Bronx. There are 62 counties within New York. Suffolk has 8979 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 2.06% of properties in New York.

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      Guide for New York

      New York
      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      New York
      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      Market Reports
      Buffalo Real Estate Values Increase by $200k in 12 Months
      Market Reports
      Surging Property Values, Sales in Syracuse Real Estate Market Signal Potent Seller’s Era For Early 2024
      See More Articles
      Syracuse Property Values Soar from $120k to $167k in Year-Over-Year Surge
      New York|posted 6 June 2024

      The Syracuse real estate market has seen a consistent growth trend, with average property values and sale prices rising significantly over the past year, reflecting robust demand, competitive market conditions, and active transaction volumes.

      Albany Real Estate on the Rise: Average Property Values Climb to $250K by May 2024
      New York|posted 5 June 2024

      Albany, NY real estate market saw growth from June 2023-May 2024 with avg. property value rising from $239,900 to $250,000. Neighboring cities show varying patterns.

      Buffalo Real Estate Values Increase by $200k in 12 Months
      Market Reports|posted 29 April 2024

      The Buffalo, NY real estate market shows promising growth, with increases in both average home values and sales volume. Comparisons with neighboring cities reveal diverse market characteristics, offering varied opportunities for investors and homebuyers.

      Surging Property Values, Sales in Syracuse Real Estate Market Signal Potent Seller’s Era For Early 2024
      Market Reports|posted 4 April 2024

      The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.