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.
| New York metric | Value | Source |
|---|---|---|
| Median sale price | $621,000 | Redfin state market tracker, May 2026 |
| Median days on market | 42 days | Redfin state market tracker, May 2026 |
| Average agent commission | 5.69% (≈ $35,335) | Clever, Feb 2026 survey (state avg) |
| Seller closing costs | 1% (≈ $6,210) | Redfin national est., May 2026 (low end of 1-3% range excl. commission, transfer tax itemized separately) |
| Seller transfer tax | 0.4% (≈ $2,484) | NY state transfer tax 0.4%, seller-paid; NYC local taxes excluded for statewide conservative est. (FirstExchange, 2026) |
Data updated: September 2026
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 cost of waiting: New York's effective property-tax rate runs about 1.72% a year (Tax Foundation). Worked on the $621,000 median home, that's roughly $10,681 a year in property tax — call it $1,229 accrued across the 42-day (about 6-week) median wait for a traditional sale, before insurance and utilities, and on top of the selling costs above. The longer a New York listing sits past the median, the bigger that carrying cost grows.
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.
Your cash option: You can request offers on New York houses sold as-is — no repairs, no commissions, no fees to you. 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 →