Real Estate Commission Calculator — New York, NY
Median home price in New York: $850,000 · Typical commission: 4.8% · Updated 2025
Total Commission
$40,800
Listing Agent Gets
$14,280
Buyer's Agent Gets
$14,280
Seller's Net
$809,200
Real Estate Commission Rates in New York, New York
The typical total real estate commission in New York is 4.8% of the sale price, based on current market data for New York. On the median New York home price of $850,000, that works out to $40,800 in total agent fees.
Following the 2024 NAR settlement, buyer's agent compensation is now negotiated separately in New York. Most transactions still split the commission 50/50 between listing and buyer agents, but this is no longer required. Sellers in New York have more flexibility than ever to offer lower buyer concessions.
How Commission Splits Work in New York
- Listing agent typically receives $20,400 (2.4% of sale price)
- Buyer's agent typically receives $20,400 (if seller offers full split)
- Agent keeps ~70% after broker split: ~$14,280 per side
- Seller nets approximately $809,200 on a $850,000 sale
Tips for Negotiating Commission in New York
- List at a higher price point — agents on $600,000+ homes often accept 2–2.5% listing side
- Compare multiple agents — commission rates in New York vary by 0.5–1% between agents
- Use a flat-fee MLS service — pay $300–$500 for MLS listing, offer buyer agent 2.4%
- Ask about a reduced rate on a simultaneous buy/sell — agents may discount if you're both buying and selling
Frequently Asked Questions
What is the average real estate commission in New York, NY?
The average total commission in New York is approximately 4.8%, slightly below the national average of 5.0–5.4% following the NAR settlement.
How much does a real estate agent make on a home sale in New York?
On the median New York home price of $850,000, a listing agent earns roughly $20,400 before broker split. After a typical 70/30 agent-broker split, the agent takes home approximately $14,280.
Do sellers have to pay the buyer's agent in New York?
No. Since August 2024, sellers in New York are no longer required to offer buyer agent compensation through the MLS. Many still do to attract buyers, but it's now fully negotiable.