What is the cost of living in New York?

The median listing price for homes in the New York-Newark-Jersey City area is currently $749,000. This price has seen a slight dip both from the prior month and compared to last year. Right now, there are 36,676 homes on the market, which is a small increase from this time last year. However, fewer new homes are coming up for sale than a year ago, with 12,992 new listings recorded. Homes are taking about 56 days to sell once listed. This is a bit quicker than they were selling at this time last year. Also, about 10.2% of homes have had their prices lowered. The median price per square foot is $490, which is very similar to what it was a year ago. The average listing price is higher at $1,456,869, and that has decreased compared to last year. If you're considering buying in this area, be aware that while the median price has dipped slightly, homes are still taking a little under two months to go under contract.