Is New York a buyer's or seller's market right now?

New York is currently a buyer's market with 5.5 months of supply. 14.3% of homes sell above asking price, and 9.2% go pending within two weeks. The Ridley Sell Score for New York is 38/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in New York?

The median home price in New York is $867,500, up 1.7% year-over-year. The median price per square foot is $612. Homes sell in a median of 66 days with a sale-to-list ratio of 97.9%.

How much does it cost to sell a home in New York, New York?

On a $867,500 home in New York, a traditional listing agent charges around $26,025 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $69,400 or more. With Ridley Essentials ($999) you save $25,026, and with Ridley Pro ($3,499) you save $22,526 while getting full agent support.

How does Ridley's flat fee compare to a traditional New York agent?

A traditional New York listing agent typically charges 3% of the sale price — about $26,025 on a $867,500 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $25,026–$22,526 compared to a traditional agent.

How long does it take to sell a home in New York?

The median home in New York currently spends 66 days on the market before going under contract. 9.2% of homes go pending within two weeks. At a 97.9% sale-to-list ratio, sellers are seeing some negotiation. Only 20.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in New York?

No. New York does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $867,500 home, that could save you up to $22,526.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New York. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $26,025 commission.

National/New York

New York, NY

Is Now a Good Time to Sell in New York, New York?

The median home in New York sells for $867,500 with prices up 1.7% year-over-year. The average seller pays $26,025 in commissions — Ridley’s flat fee saves you $22,526.

New York Real Estate Market Conditions — March 2026

38out of 100

Ridley Sell Score

How it's scored →

Cooling

38/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The New York market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors buyers

5.5 months of supply — above the 5-month balanced threshold, giving buyers more options. New York average is 2.7.

Price MomentumNeutral

Prices up 1.7% year-over-year — vs. +15% statewide.

Seller LeverageNeutral

Homes selling at 97.9% of asking — buyers are negotiating 2.1% below list. New York average is 99.7%.

Bidding ActivityFavors buyers

14.3% of homes selling above list price — 62% below the New York average of 37.2%.

Sale SpeedNeutral

66 median days on market — 19 days slower than the New York average.

Market UrgencyFavors buyers

9.2% of listings go pending within 2 weeks — vs. 21% statewide.

Price StabilityNeutral

20.3% of listings have dropped their price. New York average is 15.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$867,500

+1.7%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$612

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

97.9%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

5.5

Buyer’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

14.3%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

20.3%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

9.2%

Slower pace

12-Month Price Trend

$860,000 → $867,500

▲0.9%

$900K$880K$860K$840K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for New York — delivered monthly.

Your savings

How much can you save selling your home in New York?

The average New York homeowner saves $22,526 by selling with Ridley instead of paying the traditional 3% listing commission on a $867,500 home.

$0Estimated savings

That could fund a full kitchen remodel — save 2.6% of your home value

Your New York home value

$867,500

$50,000$10M

Traditional Agent (3%)

$26,025

Ridley Pro (flat fee)

$3,499

Ready to sell in New York?

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Cost comparison

How much does it cost to sell a house in New York?

The total cost to sell a house in New York in 2026 ranges from $999 with Ridley Essentials to approximately $26,025 with a traditional 3% commission on a $867,500 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$26,025	$3,499	$999	$0
Buyer agent	$24,2902.8% avg	$17,350~2% avg	$17,350~2% avg	$24,2902.8% avg
Closing costs (~1.5%)	$13,013	$13,013	$13,013	$13,013
Total cost	$63,328	$33,862	$31,362	$37,303
Net proceeds	$804,172	$833,638	$836,138	$830,197
You save	—	$22,526	$25,026	$26,025No support