Now is the best time to buy a house in New York! There are currently 38,866 homes available for sale in NY. What’s more, 19.1% of homes have seen a price drop. So, it’s the best time for you to negotiate a favorable deal!
You can take advantage of this buyer’s market by browsing 433K+ active listings. Save your favorites and submit competitive offers—all in one place with Houzeo, New York’s best home buying website.
👉 Download the Houzeo mobile app and start your New York home search today.
What Are the Best Months to Buy a House in New York?
The home buying season in New York typically peaks in October. However, the best month to buy a house in New York may vary based on market trends, weather, and personal preferences. Here’s a breakdown to help you decide:
| Month | Best For | City | Homes for Sale |
|---|---|---|---|
| October | Discounted Prices | Buffalo | Buffalo Homes for Sale |
| February | Less Buyer Competition | Albany | Albany Homes for Sale |
| May | High Inventory | Rochester | Rochester Homes for Sale |
| June | Active Listings | Syracuse | Syracuse Homes for Sale |
| December | Motivated Sellers | Yonkers | Yonkers Homes for Sale |
Which Is the Best Season to Buy a House in NY?
Here’s a season-wise breakdown of the best time to buy a house in New York:
🌸 Spring (March – May)
- Pros: With more home options available, you can explore, compare, and secure the perfect property. In spring 2024, home listings in New York jumped by over 15% compared to winter 2023—which gives you plenty of choices!
- Cons: With an increase in house listings, you’ll face high competition, which can drive up prices. Proactively monitor new listings and be ready to make quick offers so you don’t lose out on your ideal home.
- Seasonal Highlights: While you’re house-hunting this spring, take time to explore local farmers’ markets and events like the Cherry Blossom Festival in Brooklyn Botanic Garden. It’s a great way to experience the community and get a feel for the area.
💡Editor’s Note: If you value variety and are ready to act quickly, spring is the best time to buy a home in New York!
☀️ Summer (June – August)
- Pros: If you want to buy a single-family home, this is your chance! In 2024, the number of single- family homes on sale was highest in summer than any other season. So you have plenty of options to chose from and get a perfect deal.
- Cons: Plan your showings in the morning or late evening to beat the New York heat. Don’t forget a hat and sunscreen, and be prepared for sudden weather changes!
- Seasonal Highlights: During your home search, take advantage of summer events like Shakespeare in the Park, or have a day out at Coney Island. It’s a great way to experience the local lifestyle before you buy.
💡Editor’s Note: If you’re a family looking to settle before the new school year begins, summer could be the ideal time for you to make a move.
🍂 Fall (September – November)
- Pros: As most buyers head into holiday mode, there is lesser competition this season—so you can negotiate a better deal. Take advantage of the low competition and ask for price reductions or closing cost assistance.
- Cons: With fewer homes on the market in fall, your options may be limited. Stay alert to new listings and act fast to secure a home before it’s gone.
- Seasonal Highlights: While exploring homes this fall, take the opportunity to visit New York’s scenic apple orchards and enjoy events like the NY City Wine & Food Festival.
💡Editor’s Note: If you’re budget-conscious and looking for a great deal, fall offers an ideal time to explore properties at less competitive prices.
❄️ Winter (December – February)
- Pros: With less competition during the holiday season and 5% to 10% lower prices, winter is perfect for you to negotiate a great deal.
- Cons: With limited inventory during the holidays, you should stay on top of listings and act quickly. As cold weather sets in, it may be difficult to attend many showings.
- Seasonal Highlights: As you tour houses, you can enjoy ice skating at Rockefeller Center and sample local treats at winter markets.
💡Editor’s Note: If you seek affordable housing, winter is the best time to buy a house in NY. With fewer buyers, you can snag a great deal—stay proactive and ready to negotiate!
New York Housing Market Conditions
The current housing market presents an excellent opportunity for those looking for luxury homes in New York. With prices easing, inventory rising, and listings staying on the market longer, you have a better chance to negotiate and secure your high-rise mansion.
- Home Prices and Sales: The median home price in New York has increased by 10.5% Y-O-Y, which shows strong market momentum and potential for future appreciation.
- Rise in Inventory: Inventory levels across New York have risen, particularly in spring and summer, with new listings increasing by 15% to 20%. This means more options for you!
- Regional Variations: Popular neighborhoods usually see higher competition and quicker sales. Meanwhile, remote areas might provide you with more flexibility in pricing.
- Market Activity and Trends: Higher interest rates have cooled buyer demand, with activity dropping by 20% to 30% in winter. Also, spring and summer saw some recovery, which gives you a chance to buy amidst lower competition.
Top 9 New York Home Buying Tips
- Research Local Markets: New York housing market varies widely between areas like Manhattan, Brooklyn, and Hudson Valley. Research local trends, including median home prices, inventory levels, and property taxes, to make an informed decision.
- Get Pre-Approved for a Mortgage: Mortgage rates are projected to remain high in 2025. Get a mortgage pre-approval to determine your budget and monthly payments.
- Consider the Season: For the best inventory options, plan your search during the spring or early summer months. However, the best months for deals in New York are typically October through February, when buyer demand is lower.
- Check for Local Natural Disaster Readiness: Ensure the home meets New York’s building codes for severe weather. Look for strong roofing, proper insulation for cold winters, and reliable heating systems. Also, assess potential risks if the property is in a flood-prone or coastal storm zone.
- Work with a Local Real Estate Agent: A local agent can guide you through buying a house in New York. Also, they can give you insights on pricing, neighborhoods, and state-specific regulations.
- Account for HOA Fees: Many New York homes, especially in certain planned communities and condominiums, come with homeowners association (HOA) fees. Also make sure to factor these into your budget and review HOA rules for any restrictions.
- Inspect the Property Thoroughly: New York’s climate can bring challenges like winter weather damage, aging infrastructure, or potential flooding in certain areas. Hire a New York home inspector who knows what to look for in state-specific conditions.
- Leverage First-Time Buyer Programs: Explore the New York State Mortgage Agency (SONYMA) and the State of New York’s First-Time Homebuyer Program. These programs offer financial assistance for down payments or closing costs.
- Factor in Living Expenses: Don’t forget to account for the cost of living in New York, such as utilities, insurance, and transportation. These costs vary by area.
Is Now a Good Time to Buy a House in New York?
Absolutely! With stabilizing prices, rise in inventory, and year-round opportunities, New York’s market has something for every buyer.
Combine that with NY’s vibrant lifestyle, and it’s the perfect moment to turn your homeownership dreams into reality. Your perfect home is waiting. Start your search now!
» Need More Clarity? Read these exclusive Houzeo reviews and learn why the platform is the best in America’s competitive housing market.
