Inventory in New City has shifted notably in the latest rolling three-month view ending in September 2026. Active listings are down around 9 percent from a year ago, while new listings have fallen more than 20 percent, signaling fewer fresh options coming to market. At the same time, pending sales are down about 24 percent year over year, showing that contract activity has cooled.
Pricing is reacting in a mixed way to these changing flows. Typical home values are nearly 8 percent lower than a year ago, yet the median list price is up about 25 percent year over year, suggesting sellers are testing higher asking prices even as closed sale prices soften. Homes are spending a similar amount of time on the market as last year, with a median of 57 days, and roughly 28 percent of properties are still selling above list, down from more than half two years ago.
Supply conditions also highlight a different balance than in nearby Chicago. Months of supply in New City has climbed to 5.4, up sharply from a year ago and above the roughly 3 months seen across Chicago overall, even though New City is still categorized as a seller’s market on the local gauge. Fewer homes sold and fewer new listings, combined with higher supply, mean both pricing strategy and offer terms matter more. Buyers and sellers who want to navigate these shifting dynamics can turn to Agent Pronto to connect with a local agent who understands this market.
