New York property prices for home buyers

Buying or moving in New York? See what each borough costs per square metre, whether prices are rising or falling, and where your budget goes furthest, from official records of homes sold. Free, no sign-up.

New York at a glance

Median price per m²
$5,980
Aug 2026
12-month change
+5.6%
median price per m²
Like-for-like change
+3.8%
constant-quality Index, 12 months
Cheapest borough
Bronx
$3,772/m²
Dearest borough
Manhattan
$8,914/m²

In the three months to August 2026, homes in New York sold for a median $5,980 per square metre, +5.6% on a year earlier, across 5 boroughs.

What drives prices in New York now

Our model prices each characteristic of a home separately, comparing homes that are otherwise identical. In New York, the first has moved most in the past year; the second is one of the largest price gaps. See every factor on the Factors page.

Location Premium

Change in this Premium since Sep 2021, in percentage points (starts at 0).

Size

Change in this Premium since Sep 2021, in percentage points (starts at 0).

What a square metre costs in every borough

Median price per m², August 2026

Rolling 3-month median price per m² of homes sold in all 5 boroughs, dearest at the top. Tap or click a bar to open that area.

Price against growth

Price per m² against 5-year change, every borough

Each dot is one borough: further right costs more per m², higher up has risen more over five years. Hover or tap a dot for its name and figures.

Like-for-like prices against what buyers paid

New York: change since Mar 2017

Constant-quality Index (the same kind of home over time) and Average Price Paid per m² (whatever sold), both starting at 0%. When the lines part, the mix of homes sold has changed.

Go further

Questions

What is the average property price per square metre in New York?

The median was $5,980 per m² in the three months to August 2026, +5.6% on a year earlier.

What is the cheapest borough in New York?

Bronx, at a median $3,772 per m² in the three months to August 2026.

Where do the prices come from?

From NYC Department of Finance rolling sales: prices actually paid, not asking prices. Updated monthly.