Markets › New York
New York housing market
In the Empire State, part of the Census Bureau's Middle Atlantic division, Pecan Street tracks 13 markets. Median sale prices run from $168K in Elmira to $747K in New York over Jul–Sep 2026. 12 of 13 are higher than a year earlier and one is lower; Glens Falls leads at +13.3% and Elmira trails at -2.7%.
Homes sit longest in Watertown (78 median days on market) and sell fastest in Rochester (31 days). The share of active listings with a price cut runs from 22% in New York to 43% in Binghamton. Price-to-rent ratios run from about 9 in Elmira to 18 in Kingston, measured as years of HUD Fair Market Rent per median sale price. Among the 385 U.S. metros Pecan Street tracks, the Rochester metro has the 2nd-fewest median days on market and the Glens Falls metro the 9th-fastest year-over-year price growth. New York's unemployment rate was 4.3% in Sep 2026 (BLS via FRED), above the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Albany | $371K | +3.6% | 53 | 35% | ≈ 15 |
| Binghamton | $220K | +7.5% | 51 | 43% | ≈ 12 |
| Buffalo | $305K | +5.1% | 43 | 33% | ≈ 15 |
| Elmira | $168K | -2.7% | 59 | 36% | ≈ 9 |
| Glens Falls | $326K | +13.3% | 69 | 27% | ≈ 16 |
| Ithaca | $421K | +1.9% | 58 | 28% | ≈ 17 |
| Kingston | $500K | +4.7% | 64 | 25% | ≈ 18 |
| New York | $747K | +4.2% | 53 | 22% | ≈ 17 |
| Poughkeepsie / Newburgh | $506K | +8.9% | 59 | 25% | ≈ 16 |
| Rochester | $306K | +10.2% | 31 | 28% | ≈ 15 |
| Syracuse | $293K | +7.8% | 54 | 31% | ≈ 14 |
| Utica | $237K | +0.3% | 62 | 32% | ≈ 14 |
| Watertown | $250K | +1.5% | 78 | 26% | ≈ 10 |
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.