Top Mega Teams in New York, New York – Ranked by Volume

Download the Rankings

Download the Rankings

2022 Market Summary

New York, New York started 2022 with a total of 73 single-family homes on the market, with a median home price of $11,998,000 and an average price per square foot of $2,123. By the end of the year, inventory had decreased to 21 homes on the market (-71%), with a median home price of $11,995,000 (+0%) and an average price per square foot of $2,254 (+6%).

At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 77 days.

New York started the year with 8% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 14% of New York homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that New York started 2022 as a strong seller’s market, with an MAI score of 59; by the end of the year, the MAI had dropped to 34 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

Frequently Asked Questions