New York NY Real Estate - New York NY Homes For Sale | Zillow (2024)

FAQs

Where in NY has the cheapest houses? ›

New York Housing Market Trends

In July 2024, New York home prices were up 5.4% compared to last year, selling for a median price of $850K. On average, homes in New York sell after 53 days on the market compared to 58 days last year. There were 2,809 homes sold in July this year, up from 2,744 last year.

The months from March to June are the best time to buy a house in New York. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

If you make $250,000 a year living in the region of New York, USA, you will be taxed $87,629. That means that your net pay will be $162,371 per year, or $13,531 per month.

Niagara Falls. With rental costs below the national average, Niagara Falls stands as one of the most affordable cities to live in New York. The house rent price is between $400 – $3,995.

Westminster, Colorado, is the most affordable and safest large city, with a five-year income change of 58% — the second highest in our study. Following closely are Surprise, Arizona; Thornton, Colorado; and Arvada, Colorado, each experiencing over 35% income growth and mortgage costs below 26% of household income.

New York, NY housing market

In July 2024, the median listing home price in New York, NY was $799K, flat year-over-year. The median listing home price per square foot was $829. The median home sold price was $750K.

Median Home Price

The median price of a home in New York as of April 2024 was $557,500, according to Redfin's monthly housing market data. This is an increase of 6.5% from April 2023, accurately reflecting predicting of continuing appreciation of housing prices in the state.

While New York City is largely a city of renters (especially compared to the U.S. as a whole), roughly 1.1 million residents, representing slightly over 30% of all NYC households, own their homes, and these homeowners span the income spectrum. However, for those now looking to purchase a home, prospects are daunting.

Yes. This is the best time to buy a house in California. With the current trend in the CA housing market, you'll find better deals on your dream home during Q2 2024. As per Fannie Mae, mortgage rates may drop more in Q2 of 2024 due to economic changes, inflation, and central bank policy adjustments.

What month is it best to buy a house? ›

Late summer to early fall is also considered one of the best times of the year to buy a house because the competition levels cool down following the busy spring and early summer months.

The four most valuable metro areas have remained largely the same over the past five years, the report said. New York City has held the top spot for quite some time, and its residential housing market value has risen 31% since 2020, while cities in Florida like Tampa and Miami also are growing at a fast clip.

According to the latest data available from the U.S. Census Bureau, the median income in the United States in 2022 was $74,580. While $60K a year is lower than that, it's still considered a good salary for a single person, as they typically have fewer expenses than someone who's supporting a household.

A $50,000 income in New York City is about $3,281 per month after taxes. With some planning, you can live quite comfortably in NYC on that income, and many people do. If you're ready to relocate, call the experts at All Around Moving Moving, and we'll take care of all of your moving needs.

In New York, a $10,000 monthly salary, or $120,000 per year, is considered a relatively high income. However, whether it's considered "rich" depends on various factors such as: 1. Location: In New York City, the cost of living is extremely high, especially when it comes to housing, transportation, and food.

The property tax in upstate New York is extremely high. That the tax is so high explains why the house prices are low compared with other parts of the country. A home buyer faces four costs: • purchase price; • property tax; • maintenance cost; • utility cost.

A variety of factors cause upstate NY to have a lower cost of living, including housing, transportation and taxes. Although New York State on average has a higher cost of living compared to much of the rest of the country, Upstate New York is still more affordable compared to New York City.

Homeowners spend $510,180 in total to build a house in the Empire State, which is $18,680 more than the median sale price. Expensive labor, supply chain issues, and a rise in material costs can further increase your expenses. In most cases, it is more affordable to buy a home for sale in New York and move in quickly.