Manhattan Real Estate Report

Borough-wide Real Estate Statistics,
Market Data, and Homes for Sale

The following is a real time, up to the minute report for the real estate market in Manhattan as of Nov 01, 2014.
(Also see: Manhattan Apartment Rental Report and Manhattan Property Records)

GENERAL INFO

  See the average size and price of Apartments for Sale in Manhattan
SIZE (SQFT) PRICE / SQFT PRICE
Studio 681 $1,255 $701,177
1 Bed 852 $1,366 $1,048,633
2 Bed
1,451 $1,745 $2,452,922
3 Bed 2,231 $2,148 $4,882,342
4+ Bed 3,901 $2,784 $11,175,948
*Based on 5,556 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,933,248. The average price per square foot is $1,801. The average neighborhood home is 1,870 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,353 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 5556 homes for sale, including the following different types of property: 2615 condos / condominiums, 2611 coops, and 330 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 717 homes are single room studios, 1592 are one bedroom homes, 1503 are two bedroom homes, 875 are three bedroom homes and the rest are larger. While data is not available for all properties, 569 of the homes in Manhattan are known to have been constructed or renovated recently and are therefore likely to be relatively newer in appearance and amenities.

A number of the homes for sale in Manhattan are luxury homes or contain premium amenities. Among them, 1944 have air conditioning, 1624 offer city views, 2392 have concierge services inside the bulding, 4111 have a doorman, 4284 have elevator service, 371 have a fireplace, 7 of the listings are available furnished, 1226 have a gym or fitness center, 1544 have hardwood floors, 861 boast high ceilings, 187 have a jacuzzi, 3239 offer laundry services inside the building, 2728 have public outdoor space, 354 have park views, 1994 offer parking, 347 are penthouse apartments, 2245 allow pets, 979 have private outdoor space, 2432 offer storage, 748 have a swimming pool, 1594 have a washer / dryer inside the home, 855 have water views.

PRICE REDUCED HOMES:

There are currently 1,579 price reduced home for sale listings in Manhattan. Searching these homes can be helpful for those looking to invest strategically in Manhattan real estate.

<-- See a larger map of Manhattan and search all available home for sale listings

In songs such as "New York, New York" by Frank Sinatra or "On Broadway" by George Benson, Manhattan is depicted as the place where the American dream can be actualized almost overnight and where the smallest individual can grow into a giant. Manhattan, dubbed "the city" by local and nearby residents, has a living, breathing pulse. Many consider it the center of the world, or at least, one of the truly great cities on the planet.

Manhattan is a center for the American arts, entertainment, finance, media, advertising, fashion and sports industries. All four major broadcast networks (Fox, NBC, ABC, CBS) are headquartered in New York City. The MLB, NBA, NHL and the NFL are all headquartered in New York City. In addition to being known as the Fashion Capital of the World, Manhattan has been home to many American fine arts institutions, with the Fashion Institute, Julliard, "Broadway", and leading music labels all located in Midtown. With the largest federal reserve bank, the New York Stock exchange, and the United Nations located in Manhattan, the former Dutch landing point serves as a global centerpiece.

Manhattan is well known as city that never sleeps. With 22.96 square miles of land space and over 1.5 million residents, Manhattan is the most densely populated of the New York City boroughs. Its population has grown an average of 3.2% each of the last 12 years and city officials expect further population increases to continue.

While extraordinarily high demand has made Manhattan one of the most expensive real estate markets in the world based on sheer pricing of homes for sale and apartments for rent, the relatively high salaries of its residents kept New York City locals comfortably able to pay their monthly living expenses. As such, New York has avoided being ranked in Forbes' recent list of cities where it's most difficult to pay rent.

Furthermore, although Manhattan is made up of some rather expensive neighborhoods, its general diversity extends into its housing market, and many neighborhoods above Central Park offer reasonable pricing for condos and rental apartments. For example, the average uptown rent is approximately 50% of the rent for a similar spot in glamorous downtown neighborhood Tribeca. Ongoing development in areas such as the Financial District, East Harlem, and Central Harlem is adding quality residential space to the Manhattan real estate market, giving new renters and buyers a greater selection and more competitive prices.

With competition and grandiose ambitions serving as the hallmark for its residents, there are simply no limits on the Manhattan real estate market. As such, it will more than likely continue increasing in both supply and demand well into the future.

Sales Trends

  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  
  See how Home Sales have trended in this borough  

NEIGHBORHOOD INDEX

  See how Studios for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 914 $2,503 $3,276,333
Battery Park City 542 $1,031 $545,500
Bowery N/A N/A $399,000
Chelsea 1,318 $1,432 $1,306,518
Clinton 523 $1,421 $634,697
East Harlem 632 $1,032 $685,000
East Village 625 $1,568 $734,500
Financial District 687 $1,203 $789,999
Flatiron District 1,592 $1,441 $1,506,714
Fort George 492 $506 $258,800
Garment District 2,020 $1,433 $1,609,400
Gramercy Park 637 $1,068 $538,382
Greenwich Village 528 $1,064 $762,429
Harlem 423 $626 $257,333
Inwood 500 $425 $214,500
Kips Bay 529 $982 $500,793
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 636 $1,040 $673,958
Lincoln Square 628 $1,307 $585,769
Lower East Side 628 $662 $365,000
Manhattan Valley 551 $1,068 $588,944
Midtown Center 530 $1,065 $533,308
Midtown East 524 $898 $429,781
Midtown South Central 456 $1,507 $671,000
Morningside Heights 390 $385 $172,500
NoHo 900 $777 $699,000
Roosevelt Island 501 $968 $485,000
SoHo 594 $3,000 $1,506,338
Sutton Place 3,257 $1,104 $1,451,333
Theater District - Times Square 592 $1,427 $845,000
TriBeCa 2,327 $861 $2,031,667
Tudor City 362 $912 $323,247
Upper East Side 687 $948 $773,708
Upper West Side 497 $999 $483,829
Washington Heights 794 $720 $559,125
West Village 444 $1,459 $691,737
Yorkville 608 $871 $451,515
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 845 $1,082 $720,222
Battery Park City 719 $1,113 $805,375
Bowery 1,250 $1,554 $1,513,333
Chelsea 914 $1,559 $1,342,589
Civic Center 660 $726 $479,000
Clinton 840 $1,658 $1,274,922
East Harlem 787 $974 $728,298
East Village 907 $1,545 $1,114,071
Financial District 884 $1,641 $1,401,969
Flatiron District 905 $1,647 $1,372,533
Fort George 753 $587 $417,281
Garment District 779 $1,879 $1,771,000
Gramercy Park 739 $1,354 $925,294
Greenwich Village 781 $1,492 $1,140,167
Hamilton Heights 625 $440 $403,000
Harlem 717 $680 $469,085
Hell's Kitchen 1,705 $1,346 $1,307,950
Inwood 768 $361 $283,500
Kips Bay 752 $1,068 $722,207
Koreatown N/A N/A $1,895,000
Lenox Hill 844 $1,327 $1,095,426
Lincoln Square 831 $1,797 $1,255,756
Little Italy 1,544 $1,875 $2,895,000
Lower East Side 661 $972 $567,167
Manhattan Valley 776 $1,225 $871,454
Midtown Center 977 $1,736 $1,571,263
Midtown East 895 $1,099 $896,139
Midtown South Central 916 $1,538 $1,190,031
Morningside Heights 777 $673 $536,000
NoHo 1,205 $1,822 $2,195,000
Roosevelt Island 817 $914 $711,600
SoHo 908 $2,382 $1,910,700
Sutton Place 1,008 $914 $882,679
Theater District - Times Square 933 $1,654 $1,279,000
TriBeCa 975 $1,790 $1,727,333
Tudor City 725 $881 $562,719
Union Square 773 $1,517 $1,008,000
Upper East Side 801 $1,031 $860,399
Upper West Side 720 $1,156 $802,868
Washington Heights 656 $756 $459,889
West Village 970 $1,905 $1,556,700
Yorkville 771 $960 $662,278
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,268 $1,338 $1,502,714
Battery Park City 1,208 $1,404 $1,768,846
Bowery 1,577 $2,165 $1,998,917
Central Park N/A N/A $1,150,000
Chelsea 1,592 $1,893 $2,848,063
Chinatown 1,322 $1,587 $2,037,500
Civic Center 1,150 $739 $850,000
Clinton 1,412 $2,538 $3,611,126
East Harlem 1,226 $1,006 $1,525,803
East Village 1,248 $2,012 $2,167,222
Financial District 1,460 $1,733 $2,496,910
Flatiron District 1,609 $1,998 $3,168,000
Fort George 1,059 $563 $553,870
Garment District 1,257 $1,675 $1,959,286
Gramercy Park 1,353 $1,767 $2,486,267
Greenwich Village 1,679 $1,608 $2,373,564
Hamilton Heights 800 $406 $325,000
Harlem 1,109 $798 $804,473
Hell's Kitchen 1,004 $1,639 $1,571,500
Inwood 984 $451 $459,333
Kips Bay 1,221 $1,284 $1,464,211
Koreatown 1,392 $1,749 $2,340,833
Lenox Hill 1,522 $1,938 $3,040,063
Lincoln Square 1,351 $1,936 $2,605,983
Little Italy 2,021 $1,809 $3,423,750
Lower East Side 1,279 $1,754 $1,779,600
Manhattan Valley 1,050 $1,199 $1,309,250
Manhattanville 650 $423 $262,500
Midtown Center 1,607 $2,240 $3,164,276
Midtown East 1,565 $1,590 $2,211,446
Midtown South Central 1,499 $1,905 $2,659,390
Morningside Heights 1,014 $917 $961,095
NoHo 2,103 $1,954 $3,918,571
NoLita 1,691 $2,310 $4,102,000
Roosevelt Island 1,206 $893 $1,069,667
SoHo 1,781 $2,107 $3,826,568
Sutton Place 1,446 $1,250 $1,728,333
Theater District - Times Square 1,428 $2,068 $2,990,417
TriBeCa 1,728 $2,215 $3,705,576
Tudor City 1,013 $837 $1,444,000
Union Square 1,988 $2,215 $3,890,000
Upper East Side 1,465 $1,708 $2,661,605
Upper West Side 1,341 $1,384 $1,686,188
Washington Heights 1,002 $613 $597,523
West Village 1,494 $2,075 $3,022,000
Yorkville 1,261 $1,191 $1,540,238
  See how 3 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,325 $1,288 $2,263,333
Battery Park City 1,763 $1,730 $2,939,491
Bowery 2,231 $3,530 $7,875,000
Chelsea 2,471 $2,552 $6,154,174
Chinatown 1,993 $1,390 $2,758,333
Clinton 1,981 $2,187 $5,024,356
East Harlem 1,772 $937 $1,866,444
East Village 1,927 $1,556 $2,999,000
Financial District 2,421 $2,131 $5,464,803
Flatiron District 2,857 $2,282 $6,137,000
Fort George 1,568 $620 $907,500
Garment District N/A N/A $1,350,000
Gramercy Park 2,365 $2,448 $5,474,500
Greenwich Village 2,605 $2,028 $5,372,188
Hamilton Heights 1,100 $172 $189,000
Harlem 1,401 $819 $1,013,026
Hell's Kitchen 1,725 $2,546 $4,500,000
Inwood 1,300 $576 $812,600
Kips Bay 1,535 $1,372 $2,217,778
Lenox Hill 2,239 $2,362 $5,468,800
Lincoln Square 1,956 $2,262 $4,481,889
Lower East Side 1,649 $1,187 $1,786,000
Manhattan Valley 1,558 $1,635 $2,373,556
Midtown Center 2,951 $3,838 $10,194,920
Midtown East 2,189 $2,141 $4,874,750
Midtown South Central 2,555 $2,500 $6,024,371
Morningside Heights 1,220 $974 $1,264,778
NoHo 2,720 $2,525 $6,506,857
NoLita 3,671 $3,737 $14,208,333
SoHo 2,641 $2,526 $6,867,826
Sutton Place 2,131 $1,360 $3,147,767
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,491 $2,593 $6,181,382
Union Square 2,911 $2,603 $7,308,125
Upper East Side 2,334 $2,159 $5,278,270
Upper West Side 1,986 $1,827 $4,304,689
Washington Heights 1,415 $570 $791,843
West Village 2,507 $2,726 $6,303,500
Yorkville 2,010 $1,456 $2,921,680
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,925 $978 $2,890,750
Battery Park City 3,205 $2,367 $8,630,000
Bowery 4,236 $4,426 $18,750,000
Chelsea 3,656 $2,824 $10,266,200
Clinton 3,006 $4,991 $13,926,800
East Harlem 4,335 $1,813 $8,416,429
Financial District 2,919 $1,853 $5,305,182
Flatiron District 3,858 $2,583 $10,225,000
Gramercy Park 4,783 $4,014 $15,102,500
Greenwich Village 5,702 $3,362 $20,905,833
Harlem 2,616 $1,123 $1,876,800
Hell's Kitchen 3,333 $2,599 $8,546,154
Inwood 1,400 $528 $739,000
Lenox Hill 4,014 $2,786 $12,084,876
Lincoln Square 4,200 $3,437 $14,775,825
Little Italy 6,600 $4,772 $31,495,000
Lower East Side 2,090 $694 $1,512,500
Manhattan Valley 2,107 $1,578 $3,234,714
Midtown Center 4,117 $4,711 $19,170,526
Midtown East 3,982 $2,149 $8,213,571
Midtown South Central 3,762 $2,642 $10,662,455
Morningside Heights N/A N/A $3,049,500
NoHo 3,792 $1,625 $5,997,500
NoLita 4,078 $3,249 $13,250,000
SoHo 5,054 $2,686 $13,584,238
Sutton Place 4,200 $1,545 $7,640,364
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,350 $3,135 $14,006,000
Tudor City N/A N/A $2,495,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 4,119 $2,641 $11,609,797
Upper West Side 3,599 $2,537 $10,429,045
Washington Heights 2,067 $562 $995,667
West Village 3,827 $3,413 $13,585,250
Yorkville 3,079 $1,575 $5,317,241

Charts and Graphs

  Chart how Home Prices in Manhattan compare with prices in other Manhattan neighborhoods
  Chart how Price per Sqft in Manhattan compares with Price per Sqft in other Manhattan neighborhoods

Homes For sale In Manhattan Try Advanced Search

Average Price: $3,933,248 | Avg Size: 1,870 Sqft | Avg Price / Sqft: $1,801
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1 br
1 ba
583 sq
Condo
750,000
$1,286/sq
 
5 br
4 ba
n/a
Co-op
2,340,000
 
5 br
5.5 ba
4,311 sq
Condo
11,000,000
$2,552/sq
218 Madison Avenue
Midtown South Central Corcoran.com
n/a
n/a
11,373 sq
House
20,000,000
$1,759/sq
 
1 br
2 ba
1,850 sq
Co-op
3,100,000
$1,676/sq
 
1 br
1 ba
n/a
Co-op
499,000
 
Studio
1 ba
n/a
Co-op
498,000
1 br
1 ba
750 sq
Co-op
335,000
$447/sq
 
2 br
1 ba
n/a
Co-op
300,000
 
3 br
1 ba
n/a
Condo
1,645,000
 
3 br
3 ba
1,818 sq
Co-op
2,832,000
$1,558/sq
 
100 Norfolk Street 11C
Lower East Side
2 br
2.5 ba
1,336 sq
Co-op
2,805,000
$2,100/sq
 
15 West 11th Street 9B
Greenwich Village
2 br
1 ba
n/a
Co-op
2,795,000
1 br
1 ba
n/a
Condo
795,000
 
7 br
6.5 ba
10,350 sq
Condo
34,900,000
$3,372/sq
2 br
1 ba
n/a
Condo
1,400,000
 
2 br
2 ba
900 sq
Co-op
575,000
$639/sq
 
779 Riverside Drive A12
Washington Heights
2 br
2 ba
1,714 sq
Condo
895,000
$522/sq
1 br
1 ba
n/a
Co-op
349,000
 
1 br
1 ba
605 sq
Condo
999,000
$1,651/sq
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 1203 2080 11284
All Midtown 3859 6284 21513
All Uptown 484 838 13347
Alphabet City 36 110 943
Battery Park City 58 139 77
Bowery 20 63 713
Central Park 2 3 65
Chelsea 251 547 2352
Chinatown 8 43 660
Civic Center 2 1 16
Clinton 244 598 1632
East Harlem 87 197 3338
East Village 64 222 2014
Financial District 255 601 630
Flatiron District 75 98 394
Fort George 68 90 894
Garment District 25 45 291
Governors Island 0 0 0
Gramercy Park 113 84 659
Greenwich Village 169 214 1040
Hamilton Heights 12 37 674
Harlem 166 308 5105
Hell's Kitchen 48 212 251
Inwood 30 38 564
Kips Bay 98 229 900
Koreatown 9 7 135
Lenox Hill 588 419 1923
Liberty Island 0 0 0
Lincoln Square 287 765 824
Little Italy 9 13 175
Lower East Side 38 88 820
Manhattan Valley 87 248 563
Manhattanville 2 14 340
Marble Hill 0 0 170
Marcus Garvey 0 1 30
Meatpacking District 0 0 54
Midtown Center 188 213 817
Midtown East 288 264 957
Midtown South Central 92 325 799
Morningside Heights 52 57 1004
Murray Hill, Manhattan 124 356 510
NoHo 25 33 239
NoLita 16 56 299
Roosevelt Island 10 26 17
SoHo 157 141 1056
Stuyvesant Town - Peter Cooper Village 0 35 194
Sutton Place 110 61 131
Theater District - Times Square 35 108 238
TriBeCa 214 167 1002
Tudor City 53 30 23
Two Bridges 0 5 124
Union Square 20 36 115
Upper East Side 1310 1287 6278
Upper West Side 774 1746 4772
Washington Heights 67 96 1398
West Village 168 294 2365
Yorkville 238 487 1854
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