New York foreclosures and housing market
How foreclosure works in New York, which counties lean to buyers or sellers, and how many homes are for sale right now.
How's the market in New York?
A strong seller's market.
Listings spent about 61 days on the market, and 12% had a price cut in October 2026.
Market figures: Realtor.com® Economic Research, October 2026. Free weekly email. Unsubscribe anytime.
Distressed properties in New York
Pre-foreclosures, auctions, bank-owned and HUD homes from county notices, with the street area instead of the house number.
Representative photoWe are not tracking properties in New York yet
Our property list covers a handful of counties so far. Leave your email for the free weekly brief, and we will note that you want property alerts for New York.
The closest place we track is Florida, with 1 property.
The New York market in October 2026
Our score compares how many listings went under contract with how many were for sale, ranked against every US county. Low scores lean to buyers, high scores to sellers.
New York market score
- Homes for sale
- 42,780
- US: 1,179,101
- Typical days on market
- 61
- US: 66
- Listings with a price cut
- 12%
- US: 21%
- Homes for sale vs pre-pandemic
- −34%
- US: −7%
- October 2026 vs the October average for 2017 to 2019.
Market score by county
Check any countyGray counties had too few listings to score. Tap a county for its full answer.
Most buyer-friendly counties
Lowest scores among counties with 50+ homes for sale.
- 6Sullivan County94 days on market · 15% with a price cut · 643 for sale
- 8Dutchess County54 days on market · 18% with a price cut · 950 for sale
- 13Orange County61 days on market · 18% with a price cut · 1,210 for sale
- 13Putnam County48 days on market · 16% with a price cut · 274 for sale
- 21Bronx County79 days on market · 12% with a price cut · 1,114 for sale
Most seller-friendly counties
Highest scores among counties with 50+ homes for sale.
- 100Erie County42 days on market · 13% with a price cut · 1,529 for sale
- 100Monroe County26 days on market · 7% with a price cut · 818 for sale
- 100Onondaga County50 days on market · 10% with a price cut · 728 for sale
- 100Albany County43 days on market · 14% with a price cut · 416 for sale
- 100Oswego County65 days on market · 11% with a price cut · 276 for sale
Source: Realtor.com® Economic Research, October 2026 county data. County days on market are medians. State and US figures weight each county by its homes for sale. Price-cut share is the share of listings with a price reduction.
How foreclosure works in New York
New York foreclosures go through court.
- Main steps and notices
- For an owner-occupied home of up to four units, the lender sends a notice at least 90 days before filing suit.
- The court holds a settlement conference within 60 days after proof of service is filed.
- Outside a city or village, the sale is posted in three public places at least 28 days ahead, and it's published in a county newspaper.
- Catching up before the sale
- Reinstating before judgment ends the case. After judgment and before the sale, it pauses the case.
- After the sale
- There is no right to redeem after the sale.
- Before any of this starts
- Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind.
- Governing law
- New York RPAPL § 231, § 1301 et seq.; CPLR 3408
Sources
- Justia, Foreclosure laws and procedures: 50-state survey (last reviewed November 2022)
- Nolo, Foreclosure redemption period rights (state chart)
- Nolo, How to avoid foreclosure in New York
- Consumer Financial Protection Bureau, How to avoid foreclosure
General information, not legal advice.
Laws change and each case differs. Anyone facing foreclosure should talk with a local attorney or a HUD-approved housing counselor.
Go deeper
- Check any county's marketPick a county in New York and see whether it leans to buyers or sellers.
- Read the buying guidesHow to buy pre-foreclosures, auction homes, bank-owned homes, HUD homes and short sales.
- Help if you're behind on your mortgageWhere you are in the process, your options, free counselors and scam warnings.
New York questions
Is foreclosure in New York judicial or non-judicial?
New York foreclosures go through court.
Can a homeowner get the home back after a foreclosure sale in New York?
There is no right to redeem after the sale.
Can a borrower in New York catch up on the loan before the sale?
Reinstating before judgment ends the case. After judgment and before the sale, it pauses the case.
Is New York a buyer's or seller's market right now?
A strong seller's market. New York scores 89 out of 100 on our market scale, where low scores lean to buyers. Listings spent about 61 days on the market, and 12% had a price cut in October 2026. Source: Realtor.com® Economic Research.
How far behind does a borrower have to be before foreclosure starts?
Under federal rules, a mortgage servicer generally can't make the first notice or filing for foreclosure until the borrower is more than 120 days behind. Source: Consumer Financial Protection Bureau.