Markets › New York
New York housing market
In the Empire State, part of the Census Bureau's Middle Atlantic division, Pecan Street tracks seven markets. Median sale prices run from $192K in Rochester to $895K in New York as of Aug 2026. Six of seven are higher than a year earlier and one is lower; Syracuse leads at +11.8% and Kingston trails at -5.2%.
Homes sit longest in Kingston (64 median days on market) and sell fastest in Rochester (34 days). The share of active listings with a price cut runs from 20% in New York to 38% in Albany. Price-to-rent ratios run from about 9 in Syracuse to 20 in New York, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Rochester metro has the 2nd-fewest median days on market and the New York metro the 5th-lowest share of listings with a price cut. New York's unemployment rate was 4.3% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Albany | $306K | +9.6% | 54 | 38% | ≈ 12 |
| Buffalo | $224K | +3.8% | 44 | 35% | ≈ 11 |
| Kingston | $372K | -5.2% | 64 | 29% | ≈ 14 |
| New York | $895K | +0.9% | 56 | 20% | ≈ 20 |
| Poughkeepsie / Newburgh | $385K | +9.5% | 58 | 26% | ≈ 12 |
| Rochester | $192K | +7.3% | 34 | 23% | ≈ 9 |
| Syracuse | $202K | +11.8% | 53 | 27% | ≈ 9 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.