New York-Newark-Jersey City, NY-NJ median home price

The average home price in New York-Newark-Jersey City, NY-NJ is $772,295, which ranks #26 of 923 U.S. metros. Curb Report updates this monthly and it is free to view.

New York-Newark-Jersey City, NY-NJ is higher than the U.S. median of $256,244, putting it in the top 3% of U.S. metros.

People usually search for the "average home price" in a place, but the number published here is the typical home value from Zillow's ZHVI, which is a median-style measure rather than an arithmetic mean. That is deliberate: a true average is dragged upward by a handful of luxury sales, so it overstates what a normal home costs. For everyday purposes the two answer the same question, and the figure below is the better answer to it.

The median home value is the typical home price in a market: the midpoint of Zillow's home value index (ZHVI), which tracks a typical home across all types and price tiers. It is updated monthly and smoothed to cut noise, so it is a steadier read of what homes actually cost here than a raw median sale price, which swings with whatever happened to sell that month.