Closing costs & net proceeds in New York.
Enter your home's price and see the agent commission, seller closing costs, transfer tax, and your estimated take-home — every rate drawn from the source cited on this page.
- Median sale price: $621,000
- Typical agent commission: 5.69%
- Seller closing costs: 1%
- Est. seller transfer tax: 0.4%
What will you net?
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Prefilled with the New York median sale price ($621,000). Change it to your home's price.
Every rate, with its source.
These are the New York rates behind the calculator above — every figure traces to the source cited under it.
A worked example at the New York median.
Take the $621,000 median and run every sourced rate against it — the table below is exactly that, and the calculator above does the same for any price you enter.
| Line | Rate | At the median |
|---|---|---|
| Sale price (median) | — | $621,000 |
| Agent commission | 5.69% | −$35,335 |
| Seller closing costs | 1% | −$6,210 |
| Transfer tax (seller) | 0.4% | −$2,484 |
| Total selling costs | ≈7.09% | −$44,029 |
| Estimated net proceeds | $576,971 |
Mortgage payoff, repairs, and any buyer concessions still come out of net proceeds — those depend on the house. Sources: Redfin state market tracker, May 2026; Clever, Feb 2026 survey (state avg); Redfin national est., May 2026 (low end of 1-3% range excl. commission, transfer tax itemized separately); NY state transfer tax 0.4%, seller-paid; NYC local taxes excluded for statewide conservative est. (FirstExchange, 2026).
How New York's rates turn into dollars.
New York agents averaged 5.69% commission in the Clever survey, which lands almost exactly on the 5.68% average across the 50 state figures in the same Clever survey. On the median sale that one line runs about $35,335, typically split between the listing agent and the buyer's agent (Clever, Feb 2026 survey (state avg)).
No two states treat transfer tax alike. In New York, the seller's estimated share is 0.4% of the price — about $2,484 due when the deed records on a median-priced sale (NY state transfer tax 0.4%, seller-paid; NYC local taxes excluded for statewide conservative est. (FirstExchange, 2026)). State transfer tax of $2 per $500. NYC adds 1% on sales under $500K, 1.425% above. Mansion tax of 1% on properties over $1M.
Seller closing costs — title work, settlement, recording, and prorations — are estimated at 1% here, about $6,210 on the median sale (Redfin national est., May 2026 (low end of 1-3% range excl. commission, transfer tax itemized separately)). New York is an attorney-close state: legal professionals are required at the closing itself, so their fees are part of the bill rather than an optional extra.
The anchor for all of this math is New York's median sale price — $621,000 (Redfin state market tracker, May 2026). A typical listing went under contract in 42 days (Redfin state market tracker, May 2026), which works out to about 6 weeks of mortgage interest, property taxes, insurance, and utilities the seller keeps carrying in the meantime — a cost no closing statement itemizes.
For scale: that $621,000 median sits above the midpoint of the 50 state medians in the same Redfin tracker ($413,000), and the 42-day pace is right around the cross-state median of 42 days — a fairly typical wait between listing and going under contract. The wait runs on property taxes too: New York's 1.72% average effective rate ranks 8th of 50 — among the highest in the country.
Quick answers on New York selling costs.
How much is transfer tax when selling a house in New York?
Sellers in New York pay an estimated 0.4% in transfer tax — roughly $2,484 at the $621,000 median sale price (source: NY state transfer tax 0.4%, seller-paid; NYC local taxes excluded for statewide conservative est. (FirstExchange, 2026)). State transfer tax of $2 per $500. NYC adds 1% on sales under $500K, 1.425% above. Mansion tax of 1% on properties over $1M.
What does selling a home in New York actually cost?
Applied to New York's $621,000 median sale: the 5.69% agent commission is about $35,335, and seller closing costs at 1% come to roughly $6,210, plus about $2,484 in seller transfer tax. All in, that is about $44,029 — near 7.09% of the price — before mortgage payoff, repairs, or concessions. Sources: Clever, Feb 2026 survey (state avg); Redfin national est., May 2026 (low end of 1-3% range excl. commission, transfer tax itemized separately).
How much would I walk away with selling a median-priced New York home?
An estimated $576,971: the $621,000 median (Redfin state market tracker, May 2026) minus every sourced selling cost on this page — and before the mortgage payoff and any repairs or concessions, which vary house by house. Keep the clock in mind too: New York listings took a median of 42 days to go under contract (Redfin state market tracker, May 2026), and each extra week on the market adds another round of carrying costs.
What the math doesn't show.
Everything above prices the traditional route in New York: before the mortgage payoff, roughly 7.09% of the price leaves as commission, closing costs, and transfer tax. Repairs, concessions, and the weeks a financed buyer needs to close pile on after that. Treat every figure as an estimate from the sourced rates — real costs shift with the county, the property, the agent, and the buyer.
A cash sale runs different math: selling as-is to an independent cash buyer trades the agent commission, the repairs, and the wait for a lower headline price. Subtract everything above from the traditional side and the two nets can land closer than the sticker prices suggest.
Your cash option: Get cash offers on a New York house in any condition — no repairs, no commissions, no fees to you. Comparing is free, and you decide what happens next.
See what the New York numbers mean for your house.
Compare the traditional math above with a fast as-is sale — free tools, sourced data, and a timeline you control.
Selling fast in New York →