What is selling in NY and NJ: closings, speed and price cuts

The short version

New Jersey has more homes to pick from than a year ago, up 23.6% in active listings, and they still move faster than New York, at 45 median days against 60. New York supply grew 8.9%. If you are buying in New Jersey, you have more choice than last fall. Good homes still go in about a month in many towns, so that choice only helps if you are ready to act.

Where homes move fastest

Median days on market in October, by county. Lower means quicker.

• Union 33 days
• Passaic 34 days
• Morris 35 days
• Bergen 38 days
• Essex 38 days
• Hudson 44 days
• Westchester 53 days
• Manhattan 58 days
• Nassau 59 days
• Brooklyn 60 days
• Queens 74 days
• Bronx 79 days

Towns moving quickly

Among towns with at least 25 listings: Fair Lawn 24 days, Maplewood 25 days, Hoboken 26 days, Montclair 26 days, Clifton 32 days, Morristown 32 days. One month of data can swing in a small town, so treat this as a signal and not a verdict.

Where the price breaks are

Realtor.com tracks the share of listings with a price reduction. New Jersey sits at 15.1% and New York at 12.3%. These towns run higher: Bayonne 16.8%, North Bergen 16.6%, Sunnyside 16.4%, Fair Lawn 16.3%, Teaneck 16.2%, Bayside 15.7%.

Look at Fair Lawn. It is one of the fastest towns on the list and also has a high share of price cuts. That usually means well priced homes go quickly and the rest get cut. For a buyer, a recent price cut is an opening to ask about closing cost credits or a rate buydown.

Asking prices fell most in Manhattan, down 7.4% from a year ago, and Westchester, down 7.1%. Median list prices rose in Passaic County, up 5.6%, and Nassau County, up 4.5%. A change in the median can also mean a different mix of homes on the market.

What actually closed in NYC

These are recorded sales from the city, October 2025 through September 2026. Medians only appear where there were at least 20 sales.

• Flushing: 2,407 sales. Condos $740,000, co-ops $325,000.
• Forest Hills: 762 sales, 504 of them co-ops at a median of $369,000.
• Jackson Heights: 583 sales, 365 of them co-ops at $360,000.
• Bayside: 637 sales. Houses $1,200,000, co-ops $355,000.
• Astoria: 575 sales. Condos $825,000, co-ops $510,000.
• Long Island City: 365 sales, mostly condos at $1,115,000.
• Williamsburg: 628 sales, mostly condos at $1,425,000.
• Park Slope: 573 sales. Condos $1,738,000, co-ops $990,000.

What this means for your payment

In Queens, co-ops are where much of the entry level volume is. A $369,000 co-op with 20% down is a $295,200 loan. At the 7.24% national average, principal and interest is about $2,012 a month. Co-op maintenance is extra and varies a lot by building, so get that number before you compare it with a condo.

How to read these numbers

Days on market and price cuts come from listings, so they show what sellers are doing, not final sale prices. The NYC sales are real closings but include every kind of building, so a median can shift with the mix. We do not rank towns on pending sales, because that figure is reported differently from one MLS to another. We do not yet have closed sales by town for New Jersey, so those reports stay at county or metro level.