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Monday, June 21, 2021

New York Real Estate Forecast 2021: What to expect from NY Real Estate Market this year

New York city real estate market report for buying and selling homes with median prices:
“Is it a good time to buy homes in New York City?” “Does investing in real estate in New York (New York State, Queens County) worth it?” According to our live Forecast System, buying a house in New York City is a not so good short-term (1-year) investment*. The New York average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis.

At Citytelegraph.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in New York City in New York State, Queens County. If you are looking for homes for sale with good flipping profit, New York can be a profitable property investment option. The median price of an average house in New York was 662399 USD on 2021-03-06. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the “New York” area is 752483 USD by 2026-03-31. For a 5-year investment the profit is expected to be around +13.6% meaning that investing 100000 USD today may yield a profit of 113600 USD by 2026.


FAQ (Frequently Asked Questions) and Answers about the New York Housing Market Forecast in 2021

How much does an average home cost in New York today?
The value of an average home (the listing price) in New York City is 662399 USD.

What is the average price per square foot in New York City?
According to Citytelegraph, the median price per square foot in New York City is 368 USD.

Will the median listing price of homes in New York City grow / rise / go up?
Yes. The New York home prices may rise from 662399 USD to 681477 USD in one year.

Is it profitable to invest in New York homes?
Yes. The long-term profit potential is +2.88% in one year.

Will New York house prices fall / drop?
No.

What is the predicted price of a New York home in 2026?
The predicted home sales price of a New York home in 2026 in New York City is 752483 USD.

What is the predicted price of a New York home in 2031?
The predicted home sales price of a New York home in 2031 in New York City is 839940 USD.

Will real estate prices decrease in New York?
According to our analysis, it is unlikely to happen.


Short-Term Outlook Based On The Last 12 Months

New York City is the 1. largest city in the United States, located in New York State.

During the last 12 months the real estate prices in Queens, New York City increased, looking at the past 12 months.

According to Citytelegraph’s New York real estate market research, home values will increase in the next 12 months.

Median home values increased by 1.88% to 662399 USD, between 2020-02-29 and 2021-02-28

The average annual profit of property investment was:

5.92% in 2016
6.55% in 2017
5.21% in 2018
-0.796% in 2019
1.78% in 2020
0.173% in 2021
Based on our New York City real estate market research and report the predicted sales prices will increase by 26.80% in the next 10 years.

Over the last 12 months, the value of homes in New York City fluctuated: increasing 11 times and decreasing 1 times.


New York Property Market Information

Recommendations by the previous and the upcoming 36 months: buy or sell a home in New York? See the New York (New York State, Queens County) property price forecasts, and buy/sell analysis based on the Housing Market and Property Investment report below. According to current data of median home prices: New York’s real estate prices and its market environment have been in a bullish cycle in the last 36 months. Our property investment analyst Ai predicts a positive trend in the near future and buying a house in New York appears to be a profitable investment. All the above imply a positive outlook for the New York city property market making it a must have in your property investment portfolio. Flipping houses for profit in bullish markets is always easier so you might want to favor these cities under the given circumstances, but always read up on optimal real estate investment strategies if you are new to investing.


New York Real Estate Price Trends, Housing Market Forecast for next months and years

If you are looking for the best real estate investment opportunities in the State of New York, New York City can be a a not so good option. To help you in your decision see the estimated home prices and values in New York City below. Our property price forecasts can help home buyers and sellers make better property investment decisions for 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031.
DateAverage priceMinimum priceMaximum price
New York Housing Market Forecast with Real Estate Prices for 2021
April 2021 664954 600822 722868
May 2021 666364 607864 728278
June 2021 667950 604586 729497
July 2021 669471 606406 726466
August 2021 670995 606573 726803
September 2021 672517 614448 735469
October 2021 674070 615724 734585
November 2021 675575 615018 735578
December 2021 677099 617237 736940
New York Housing Market Forecast with Real Estate Prices for 2022
January 2022 678674 618265 736048
February 2022 680163 621382 742366
March 2022 681477 618860 741921
April 2022 682698 618305 741579
May 2022 684097 624900 745835
June 2022 685695 625834 742567
July 2022 687207 627240 750346
August 2022 688724 630682 743029
September 2022 690265 626253 750541
October 2022 691809 632814 756937
November 2022 693326 627171 756071
December 2022 694834 639248 755636
New York Housing Market Forecast with Real Estate Prices for 2023
January 2023 696385 637321 755075
February 2023 697927 637888 757066
March 2023 699215 637613 762484
April 2023 700442 638743 762625
May 2023 701829 639719 756775
June 2023 703439 641766 764062
July 2023 704943 642695 764791
August 2023 706453 642817 763726
September 2023 708013 645521 770582
October 2023 709548 645672 770776
November 2023 711077 648079 771449
December 2023 712569 652028 773591
New York Housing Market Forecast with Real Estate Prices for 2024
January 2024 714097 650128 774171
February 2024 715641 652123 772692
March 2024 717006 657464 783389
April 2024 718217 659805 776182
May 2024 719638 657910 780616
June 2024 721212 659274 778799
July 2024 722741 661735 786750
August 2024 724272 659611 787018
September 2024 725776 663377 785993
October 2024 727338 669279 788623
November 2024 728831 667390 788485
December 2024 730370 668641 790090
New York Housing Market Forecast with Real Estate Prices for 2025
January 2025 731969 672186 791441
February 2025 733405 668937 794041
March 2025 734745 675756 802024
April 2025 735960 669826 794156
May 2025 737371 678245 796525
June 2025 738956 682160 802558
July 2025 740478 679118 808002
August 2025 742001 679252 801218
September 2025 743524 682007 806124
October 2025 745076 684062 808353
November 2025 746582 684386 805621
December 2025 748105 686740 810084
New York Housing Market Forecast with Real Estate Prices for 2026
January 2026 749680 687889 810747
February 2026 751169 694326 810464
March 2026 752483 692826 814002
April 2026 753704 693711 812507
May 2026 755103 693063 814503
June 2026 756701 696066 815897
July 2026 758214 695783 815675
August 2026 759730 700390 820313
September 2026 761272 700713 822434
October 2026 762815 706298 830754
November 2026 764332 709690 826258
December 2026 765841 708892 821191
New York Housing Market Forecast with Real Estate Prices for 2027
January 2027 767392 707746 827907
February 2027 768934 709463 838465
March 2027 770221 710136 826586
April 2027 771448 713609 829791
May 2027 772835 718469 835796
June 2027 774446 713523 830662
July 2027 775950 715552 838514
August 2027 777460 710676 833803
September 2027 779020 720917 837349
October 2027 780554 725451 843050
November 2027 782083 719931 840563
December 2027 783575 721275 843323
New York Housing Market Forecast with Real Estate Prices for 2028
January 2028 785104 729481 848440
February 2028 786648 728339 848063
March 2028 788013 730250 845797
April 2028 789223 727426 845288
May 2028 790645 733741 853714
June 2028 792218 730392 853005
July 2028 793748 731416 852236
August 2028 795279 734028 857035
September 2028 796783 737034 854988
October 2028 798344 731381 860874
November 2028 799837 741777 856912
December 2028 801376 736142 860308
New York Housing Market Forecast with Real Estate Prices for 2029
January 2029 802975 743775 865549
February 2029 804411 746928 863196
March 2029 805751 741240 863231
April 2029 806967 747816 870442
May 2029 808377 747847 867406
June 2029 809963 746560 872494
July 2029 811484 747190 868267
August 2029 813008 748669 873272
September 2029 814530 748173 872424
October 2029 816083 758420 874218
November 2029 817588 758020 877776
December 2029 819112 757052 876647
New York Housing Market Forecast with Real Estate Prices for 2030
January 2030 820687 763445 880872
February 2030 822176 762018 884695
March 2030 823490 765091 885120
April 2030 824711 766369 888143
May 2030 826109 765283 880207
June 2030 827708 770474 888288
July 2030 829220 768460 888492
August 2030 830737 773520 892159
September 2030 832278 773760 892651
October 2030 833822 773991 891855
November 2030 835339 776134 899187
December 2030 836847 774436 899639
New York Housing Market Forecast with Real Estate Prices for 2031
January 2031 838398 778034 902313
February 2031 839940 776805 898404

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