Modern & Contemporary Homes for Sale in New York | ZeroDown (2024)

FAQs

What makes a house modern contemporary? ›

A contemporary home is a house with design elements and features that reflect today's architecture style. Although similar to a modern home, contemporary houses come with common characteristics such as clean lines, natural lighting and a minimalist feel.

In both cases, the materials and finishes used for a Contemporary home are many times commercial-grade, which is naturally more costly than traditional home building materials. Another defining characteristic of Contemporary homes is the low roofline - most typically either flat, very low gables, or hipped roofs.

New York, NY housing market

In April 2024, the median listing home price in New York, NY was $800K, flat year-over-year. The median listing home price per square foot was $824. The median home sold price was $705K.

The New York City real estate market is unlike any other, characterized by its high prices, unique complexity, and fierce competition. Yet, despite the challenges, many New Yorkers dream of owning a home right here in the five boroughs.

What Are Modern and Contemporary Styles? Modern style is firmly rooted in the early to mid-1900s and involves strong lines with natural colors. Contemporary style involves the trends of the here and now.

Beach Houses and Mediterranean-style homes are the most expensive in the U.S. and are often found on prime land close to the ocean. Large windows and balconies accentuate the use of natural light, which adds a feeling of luxury and simplicity to a home.

The cost to build a contemporary home varies depending on the location of your home, the cost of labor where you live, the quality of the materials you choose, and your desired square footage. But one thing is certain: building a contemporary home is more expensive than building a traditional one.

This type is the most common home in just four states, but one – California – is the nation's largest housing market. The modern style is marked by geometric but asymmetrical silhouettes, large windows and open floor plans. In addition to California, contemporary homes are common in Hawaii.

The months from March to June are the best time to buy a house in New York. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

How much does it cost to live comfortably in New York? ›

To cover the cost of just necessities as a single person in New York City, you would need to make an estimated $70,000, according to SmartAsset. A family of two adults with two children would need to make a combined $318,406 a year in order to live comfortably in New York City, according to the study.

Recent Trends in NYC's Home Purchase Market

Based on data from StreetEasy, the median sales price for homes that sold in 2023 was $764K, down about 2% from a record high of $782K in 2022 but back up to $785K in early 2024.

In New York, cost burdens are among the most severe in the nation, with one in five households experiencing a severe cost burden, meaning more than 50 percent of income is for housing costs. While low-income renters are the most cost-burdened, these financial pressures are increasingly felt by middle class households.

NYC's robust economy boosts real estate investments through strong economic growth, high rental and residential demand, and low vacancy rates.

Modern refers to the art direction at the beginning of the 20^th century while contemporary refers to the method of construction that goes hand in hand with a specified time period. Read on to find out how these two styles differ and what 21^st century houses have adopted from the legendary modernism.

Contemporary style embraces minimalistic elements highlighting grays, beiges and shades of white. Sleek, thoughtful, hidden details emphasize an edited aesthetic. Contemporary style offers an 'everything in its place' interior featuring designs that are high on function and simplicity and low on collections and fuss.

The 20th century modern architecture movement was defined by the importance of function above all else. With the exception of a few more unorthodox styles, the majority of modern architectural styles are characterized by simplicity of form, minimalism, practicality, and clean elegance.