The New York housing market, by the numbers.
Median sale price, days on market, and what a traditional sale really costs a New York seller — every figure on this page comes from the source cited next to it.
- Median sale price: $621,000
- Median days on market: 42
- Typical selling costs: ~7.09% of the price
- Foreclosure timeline: 15 to 24 months
Planning a New York sale?
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The headline numbers.
Each figure comes from the source cited under it. Medians describe the middle of the New York market, not any specific house.
Selling the traditional way in New York: the math.
The same arithmetic an agent would run at your kitchen table, worked on the New York median sale price.
How to read this: on the $621,000 median sale, the traditional route leaves roughly $576,971 before loan payoff, repairs, and the holding costs (effective property tax ~1.72%/yr per the Tax Foundation, plus insurance and utilities) that stack up while you wait about 42 days on market. These are estimates worked on the New York median; your actual costs vary by county, property, and buyer.
The New York foreclosure clock.
New York uses a judicial foreclosure process, and a typical case runs 15 to 24 months — that window is how much real time an owner has to catch up, refinance, or sell.
How long it really takes: Practitioner estimate: among the slowest states — ATTOM Q4 2025 average ~1,910 days (~5 years); even uncontested cases commonly run 1.5–3 years from the 90-day notice to auction, with mandatory settlement conferences adding months at the front.
Primary statute: RPAPL §1304. This is general information, not legal advice — confirm the specifics with a local attorney.
If you need to sell fast.
The numbers above describe the traditional route in New York: roughly 7.09% of the price in selling costs and about 42 days of waiting before a financed buyer even closes. When time is the real problem — a foreclosure date, back taxes, a move that can't wait — some owners trade part of the headline price for speed and certainty by selling as-is to a cash buyer.
Where we fit: Fair Home Cash is a connector, not the buyer. We put New York homeowners in touch with independent cash buyers who purchase houses as-is; buyers pay us a flat marketing fee for the connection, and we never take a cut of your sale. Requesting offers 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 →