New York City, NY Housing Market 2026: What Homes Actually Sell For
What homes actually sell for in New York City: a median closing price of $850,000 across 25,109 closings Resideline tracked over the last six months, plus the full price spread.
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: 25,109
- •Median sold price, last 6 months: $850,000
- •Median sold $/sqft, last 6 months: $610
- •Middle half of sales closed between: $526,000 and $1,400,000
What the numbers say
Resideline tracked 25,109 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 $526,000 and $1,400,000. 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 20,670 closings with usable living area, the middle half sold between $417 and $1,068 per square foot.
Figures last updated September 6, 2026 from closings Resideline tracked.
Median home price in New York City, NY (September 2026)
The median home price in New York City is $850,000, measured across the 25,109 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $526,000 and $1,400,000.
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 that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $526,000 and $1,400,000. Among the 45 New York markets with a published band, New York City's middle-half spread ($526,000 to $1,400,000) ranks 39th from the narrowest. 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 9,625 New York City closings Resideline tracked in the last six months
- •Contract to closing: a median of 81 days, across 7,803 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 25,109 closings Resideline tracked over the last six months, the median closed sale price was $850,000, and the middle half of sales closed between $526,000 and $1,400,000. 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. 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
Geography: incorporated municipality, Census place 3651000
Data updated: September 2026
Analysis period: last six months
Tracked closings: 25,109
Median sold price: $850,000
Median sold $/sqft: $610 (20,670 qualifying)
https://resideline.com/blog/new-york-city-housing-market-2026
Writing about this market? Paste this into your post:
<a href="https://resideline.com/blog/new-york-city-housing-market-2026">
<img src="https://resideline.com/images/embed/new-york-city.png" alt="New York City, NY home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/new-york-city-housing-market-2026">Resideline Market Watch</a></p>
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 within the New York City 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 25,109 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $870,000.
Frequently Asked Questions
What is the median home price in New York City?
The median sold price in New York City over the last 6 months is $850,000, measured across 25,109 closings Resideline tracked.
How many homes sold in New York City last month?
Resideline tracked 3,644 closed sales in New York City in August 2026, out of 25,109 closings tracked over the last six months. These are tracked samples of market activity, not official county totals.
What is the typical sale price range in New York City?
The middle half of New York City sales over the last six months closed between $526,000 and $1,400,000, with a median of $850,000.
What is the typical price per square foot in New York City?
Among qualifying New York City closings Resideline tracked over the last six months, the median sold price per square foot was $610, measured across 20,670 sales with usable living area. Median is used rather than average because outliers distort the mean.
What is the right way to use a citywide median in New York City?
As context for a conversation, not as a valuation input. With one of the wider spreads Resideline tracks, $850,000 is separated from both $526,000 and $1,400,000 by a lot of ground, and a single property will resemble one part of that distribution rather than its center.
What could a property in New York City be worth?
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