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Market Intelligence · NY

New York home prices and housing market.

Real market data across 49 cities and 273 ZIP markets in NY. The typical home is worth about $330K.

Updated September 2026Typical value$330K

The typical home value in New York is $330K as of September 2026, up 5.4% from a year ago, based on the Zillow Home Value Index. In the typical New York ZIP code, the median list price is $427K and homes spend a median of 60 days on market as of September 2026 (Realtor.com).

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Prices over time

New York home prices over time

Typical home values in New York are up 5.4% over the past year, from $313K in September 2025 to $330K in September 2026.

Typical home value in New York, September of each year
MonthTypical value1-yr change
September 2026$329,626+5.4%
September 2025$312,774No prior year

Typical value is the median Zillow Home Value Index across New York ZIP codes, taken in September of each year so every row compares the same month.

Market balance

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

New York is roughly balanced between buyers and sellers.

The signals are mixed: relatively few listings have cut their asking price, but homes are taking longer to sell, so pricing and condition matter more than market direction.

Based on a median of 60 days on market and 8% of listings with a price cut in the typical New York ZIP code, and 15,162 new listings against 40,737 active listings across New York, as of September 2026 (Realtor.com).

The outlook

New York housing market forecast 2027

+2.9%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1,317 New York ZIP codes, points to typical home values rising 2.9% by September 2027.

Over the 12 months through September 2026, typical home values in New York rose 5.4%, per the Zillow Home Value Index.

Will home prices drop in New York?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for New York shows typical home values rising 2.9% by September 2027, after a 5.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1,317 New York ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Market board

Which New York markets have the highest home values?

Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More NY markets publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about New York home prices.

What is the typical home price in New York?

The typical home price in New York is about $330K as of September 2026, based on the Zillow Home Value Index (the median of the index across New York ZIP codes). In the typical New York ZIP code, the median list price is $427K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.

Are home prices going up or down in New York?

Typical home values in New York are up 5.4% over the past year, based on the Zillow Home Value Index as of September 2026.

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

New York is roughly balanced between buyers and sellers. The signals are mixed: relatively few listings have cut their asking price, but homes are taking longer to sell, so pricing and condition matter more than market direction. Based on a median of 60 days on market and 8% of listings with a price cut in the typical New York ZIP code, and 15,162 new listings against 40,737 active listings across New York, as of September 2026 (Realtor.com).

How long do homes take to sell in New York?

In the typical New York ZIP code, homes spend a median of 60 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

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