New York City, NY Housing Market 2026: What Homes Actually Sell For

New York City produces a steady stream of closings but little consensus: sales over the last six months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 6 months: 25,192
• •Median sold price, last 6 months: $850,000
• •Median sold $/sqft, last 6 months: $604
• •Middle half of sales closed between: $525,000 and $1,375,000

What the numbers say

Resideline tracked 25,192 closed sales in New York City over the last six months, with a median closing price of $850,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $525,000 and $1,375,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. The large tracked sample provides substantial market-level evidence. Across the 21,036 closings with usable living area, the middle half sold between $417 and $1,056 per square foot.

Figures last updated August 22, 2026 from closings Resideline tracked.

Median home price in New York City, NY (August 2026)

The median home price in New York City is $850,000, measured across the 25,192 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $525,000 and $1,375,000.

Where New York City sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in New York City over the last six months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $525,000 and $1,375,000. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 53 days, across 9,804 New York City closings Resideline tracked in the last six months
• •Contract to closing: a median of 82 days, across 8,053 New York City closings Resideline tracked in the last six months

The New York City angle

New York City's closed-sale spread ranks in the top 10% we track for width, which is the clearest possible warning against pricing anything off a citywide number. Across 25,192 closings Resideline tracked over the last six months, the median closed sale price was $850,000, and the middle half of sales closed between $525,000 and $1,375,000. The distance from the median up to the upper quartile is greater than the distance down to the lower one, so being wrong about where a subject sits costs more on the high side. Comp depth also lands in the top 10% we track, and that is what makes this market workable: you can stack filters aggressively and still assemble a defensible set of matched closings.

What is being reported about the New York City market

The numbers above are what we measure from tracked closings. Alongside them, here is what local and national coverage is reporting, from the source:

• •amNewYork reported, citing The Corcoran Group's June 2026 rental market report, that Manhattan's median rent rose 3% month over month to $5,295 while Brooklyn's median rent edged up a tenth of a percent to $4,350, with both boroughs up 8% versus June 2025 (amNewYork (citing The Corcoran Group), Jul 13, 2026)
• •Brick Underground reported that the median sales price for Manhattan co-ops and condos hit a record $1.25 million in the second quarter of 2026, up 4.2 percent from a year earlier, even as listings fell 15 percent and closed transactions dropped 6.3 percent (Brick Underground, Jul 02, 2026)

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. As of August 2026, the public scoreboard showed 3.26% median error across 12,516+ graded closings. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any New York City address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: New York City, NY
Data updated: August 2026
Analysis period: last six months
Tracked closings: 25,192
Median sold price: $850,000
Median sold $/sqft: $604 (21,036 qualifying)
https://resideline.com/blog/new-york-city-housing-market-2026

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in New York City over the last six months, and is refreshed when the data is. The closings we track inside the city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 21% of the 25,192 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $870,000.