New York Home Prices & Values
Zillow Home Value Index
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
$588,900
- 7.4% 1-year change
- 2.9% 1-year forecast
Market temperature
Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more
Very Hot
Buyers' Market
Sellers' Market
The median home value in New York is $588,900. New York home values have gone up 7.4% over the past year and Zillow predicts they will rise 2.9% within the next year.
Foreclosures will be a factor impacting home values in the next several years. In New York 0.4 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.1 and also lower than the national value of 1.8
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in New York is 0.0%, which is higher than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of New York homeowners underwater on their mortgage is 0.1%, which is lower than New York Metro at 0.1%.
Read moreRelative ZHVI
- +New York Market Overview
Data through Jun 30, 2016
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$588,900
ZHVI
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
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2.9%
1-yr forecast
The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more(Jun 30, 2017)
- No data Median listing price
- $602,950 Median sale price
New York Market Health
Data through Jun 30, 2016
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8.2/10
Very healthy
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
- No data Average days on Zillow
- 0.1% Homes with negative equity (0.1% US Avg) (Mar 31, 2016)
- 0.0% Delinquent on mortgage (0.0% US Avg) (Mar 31, 2016)
Homes foreclosed (per 10,000)
Nearby Cities
| Name | Median ZHVI |
|---|---|
| Cliffside Park | $421,000 |
| Jersey City | $346,500 |
| West New York | $328,700 |
| Name | Median ZHVI |
|---|---|
| Union City | $309,400 |
| North Bergen | $295,000 |
| Guttenberg | $274,800 |
Listings & Sales
Data through Jun 30, 2016
- No recent data Median list price / sq ft
- $548 Median sale price / sq ft
- No data Listings with price cut
New York For Sale Listings
New York Rentals
Data through Jun 30, 2016
Zillow Rent Index
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The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
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4.9
Breakeven horizon
The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more(Jun 30, 2015)
- No data Rent list price
- No data Rent list price / sq ft
