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 Apr 19, 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 667 $1,089 $644,632
1 Bed 824 $1,277 $952,038
2 Bed
1,454 $1,646 $2,398,085
3 Bed 2,319 $2,089 $4,922,988
4+ Bed 3,873 $2,922 $11,220,725
*Based on 4,422 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,567,781. The average price per square foot is $1,732. The average neighborhood home is 1,834 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,268 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 4422 homes for sale, including the following different types of property: 2066 condos / condominiums, 2121 coops, and 234 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 587 homes are single room studios, 1332 are one bedroom homes, 1203 are two bedroom homes, 646 are three bedroom homes and the rest are larger. While data is not available for all properties, 360 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, 1602 have air conditioning, 1434 offer city views, 1905 have concierge services inside the bulding, 3314 have a doorman, 3515 have elevator service, 293 have a fireplace, 8 of the listings are available furnished, 1197 have a gym or fitness center, 1257 have hardwood floors, 732 boast high ceilings, 121 have a jacuzzi, 2034 offer laundry services inside the building, 2365 have public outdoor space, 284 have park views, 1525 offer parking, 246 are penthouse apartments, 3261 allow pets, 767 have private outdoor space, 2025 offer storage, 525 have a swimming pool, 1320 have a washer / dryer inside the home, 984 have water views.

PRICE REDUCED HOMES:

There are currently 1,061 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 N/A N/A $365,500
Battery Park City 605 $1,364 $585,250
Bowery N/A N/A $407,667
Chelsea 494 $1,139 $466,579
Civic Center 525 $712 $374,000
Clinton 549 $1,214 $542,303
East Harlem 429 $350 $150,000
Financial District 692 $1,159 $760,895
Flatiron District 2,353 $1,242 $2,077,673
Fort George 517 $529 $251,250
Garment District 533 $1,507 $803,000
Gramercy Park 668 $1,150 $608,703
Greenwich Village 651 $1,085 $594,143
Harlem 400 $888 $407,000
Hell's Kitchen N/A N/A $561,389
Inwood 538 $297 $240,750
Kips Bay 496 $933 $427,574
Koreatown 5,622 $1,119 $3,105,000
Lenox Hill 997 $947 $902,614
Lincoln Square 532 $1,086 $715,057
Little Italy 1,707 $1,169 $1,397,000
Manhattan Valley 495 $1,133 $564,000
Midtown Center 504 $1,442 $642,119
Midtown East 557 $805 $408,000
Midtown South Central 482 $1,522 $649,500
Morningside Heights 375 $547 $200,000
NoHo 900 $888 $799,000
NoLita N/A N/A $200,000
SoHo 1,090 $2,106 $2,163,813
Sutton Place 571 $777 $415,273
TriBeCa 2,009 $1,000 $1,804,667
Tudor City 336 $895 $320,324
Upper East Side 487 $834 $667,264
Upper West Side 512 $1,112 $445,796
Washington Heights N/A N/A $198,250
West Village 470 $1,587 $684,230
Yorkville 459 $829 $366,604
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 798 $854 $566,864
Battery Park City 717 $990 $713,493
Bowery 834 $1,486 $833,167
Chelsea 853 $1,657 $1,297,649
Chinatown 530 $1,500 $795,000
Civic Center 800 $668 $534,000
Clinton 813 $1,578 $1,218,934
East Harlem 758 $874 $600,769
East Village 653 $1,447 $900,667
Financial District 869 $1,532 $1,272,800
Flatiron District 865 $1,699 $1,417,923
Fort George 686 $536 $372,381
Garment District 820 $1,732 $1,426,667
Gramercy Park 722 $1,189 $833,000
Greenwich Village 948 $1,394 $1,173,262
Hamilton Heights N/A N/A $559,000
Harlem 678 $687 $445,706
Hell's Kitchen 810 $1,269 $983,667
Inwood 738 $390 $282,700
Kips Bay 748 $1,155 $743,765
Koreatown 909 $1,687 $1,525,000
Lenox Hill 855 $1,349 $957,773
Lincoln Square 822 $1,606 $1,169,327
Little Italy N/A N/A $2,295,000
Lower East Side 762 $703 $517,432
Manhattan Valley 760 $1,116 $766,792
Manhattanville N/A N/A $175,000
Midtown Center 954 $1,988 $1,503,639
Midtown East 888 $1,030 $848,929
Midtown South Central 944 $1,437 $1,111,077
Morningside Heights 626 $603 $405,250
NoHo 1,337 $2,252 $2,944,000
NoLita 1,338 $1,693 $2,125,000
Roosevelt Island 775 $967 $746,000
SoHo 1,003 $1,700 $1,480,529
Sutton Place 955 $1,009 $917,618
Theater District - Times Square 924 $1,587 $1,292,000
TriBeCa 1,021 $1,672 $1,634,105
Tudor City 638 $853 $531,889
Union Square 603 $2,046 $1,213,333
Upper East Side 814 $1,087 $856,576
Upper West Side 709 $1,140 $761,210
Washington Heights 704 $581 $388,647
West Village 893 $2,207 $1,559,944
Yorkville 757 $876 $622,232
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,239 $1,113 $1,219,200
Battery Park City 1,296 $1,281 $1,699,324
Bowery 1,345 $1,924 $2,100,667
Chelsea 1,612 $1,843 $2,870,521
Chinatown 1,855 $1,321 $1,923,333
Civic Center 1,050 $681 $715,000
Clinton 1,284 $2,032 $2,827,569
East Harlem 1,123 $965 $910,526
East Village 1,714 $2,334 $2,499,750
Financial District 1,471 $1,612 $2,356,551
Flatiron District 1,585 $1,809 $2,787,235
Fort George 1,117 $517 $574,000
Garment District 1,243 $1,884 $2,348,500
Gramercy Park 1,651 $1,850 $3,440,248
Greenwich Village 1,622 $1,837 $2,673,686
Hamilton Heights 1,017 $475 $427,250
Harlem 1,039 $730 $724,618
Hell's Kitchen 1,074 $1,781 $1,908,250
Inwood 932 $478 $424,429
Kips Bay 1,240 $1,189 $1,509,158
Koreatown 1,358 $1,122 $1,581,666
Lenox Hill 1,534 $2,018 $3,021,669
Lincoln Square 1,391 $1,884 $2,732,110
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 806 $1,014 $724,650
Manhattan Valley 1,138 $1,529 $1,290,818
Manhattanville 650 $423 $250,000
Midtown Center 1,516 $2,076 $2,866,771
Midtown East 1,548 $1,490 $1,980,000
Midtown South Central 1,464 $1,957 $2,692,579
Morningside Heights 993 $716 $777,167
NoHo 1,936 $2,480 $4,405,385
NoLita 1,856 $2,062 $3,877,600
Roosevelt Island 952 $945 $1,047,500
SoHo 2,463 $1,888 $4,480,083
Sutton Place 1,395 $1,261 $1,943,000
Theater District - Times Square 1,317 $2,072 $2,743,000
TriBeCa 1,857 $1,922 $3,486,514
Tudor City 1,200 $1,081 $1,028,727
Union Square 1,366 $2,152 $2,871,000
Upper East Side 1,562 $1,763 $2,926,891
Upper West Side 1,240 $1,287 $1,675,386
Washington Heights 1,104 $592 $656,500
West Village 1,600 $2,285 $3,421,641
Yorkville 1,274 $1,258 $1,632,669
  See how 3 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,329 $1,095 $2,449,500
Battery Park City 1,829 $1,836 $3,270,769
Bowery 4,000 $775 $3,100,000
Chelsea 2,819 $2,614 $7,124,583
Chinatown 2,200 $1,361 $2,995,000
Clinton 2,177 $3,030 $7,419,118
East Harlem 1,665 $1,212 $2,322,250
Financial District 2,227 $1,558 $3,231,111
Flatiron District 2,900 $2,214 $6,582,222
Fort George 1,141 $577 $725,667
Garment District N/A N/A $2,750,000
Gramercy Park 2,437 $2,086 $4,715,833
Greenwich Village 2,611 $1,738 $3,944,455
Hamilton Heights 1,486 $437 $649,000
Harlem 1,457 $997 $1,452,350
Hell's Kitchen 1,667 $2,071 $3,499,500
Inwood N/A N/A $299,000
Kips Bay 1,602 $1,898 $2,846,600
Koreatown N/A N/A $1,675,000
Lenox Hill 2,266 $2,387 $5,488,882
Lincoln Square 1,949 $2,167 $5,070,825
Little Italy 2,133 $1,688 $3,650,000
Lower East Side 2,195 $909 $1,996,000
Manhattan Valley 1,459 $1,710 $2,195,000
Manhattanville N/A N/A $415,000
Midtown Center 2,774 $3,115 $7,902,250
Midtown East 2,249 $1,767 $4,487,816
Midtown South Central 2,644 $3,054 $8,388,077
Morningside Heights 2,370 $907 $1,313,000
NoHo 2,911 $2,656 $7,314,000
NoLita 4,895 $4,290 $21,000,000
SoHo 2,803 $2,205 $6,009,808
Sutton Place 2,072 $1,355 $2,767,000
Theater District - Times Square 2,451 $2,244 $5,500,000
TriBeCa 2,892 $2,012 $5,753,257
Union Square 3,335 $2,305 $6,981,250
Upper East Side 2,279 $2,233 $5,737,360
Upper West Side 1,985 $1,839 $3,885,367
Washington Heights 1,448 $531 $753,667
West Village 2,346 $2,570 $6,490,000
Yorkville 2,062 $1,303 $2,572,667
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,500 $937 $2,341,500
Battery Park City 2,494 $2,857 $9,947,500
Bowery 2,610 $1,684 $4,395,000
Chelsea 3,937 $3,050 $12,654,938
Clinton 3,938 $5,275 $22,323,891
East Harlem 2,772 $1,731 $6,899,333
Financial District 2,989 $2,686 $8,013,333
Flatiron District 4,545 $2,940 $13,215,000
Fort George 2,100 $476 $999,000
Gramercy Park 4,970 $4,087 $17,953,333
Greenwich Village 4,639 $2,856 $10,366,667
Harlem 1,494 $693 $1,069,600
Hell's Kitchen 2,150 $2,094 $4,500,000
Inwood 1,750 $428 $749,000
Lenox Hill 4,065 $3,126 $12,831,530
Lincoln Square 3,788 $3,326 $11,910,609
Manhattan Valley 2,263 $1,436 $2,646,667
Manhattanville N/A N/A $395,000
Midtown Center 3,879 $4,064 $15,416,250
Midtown East 3,585 $2,007 $7,607,941
Midtown South Central 3,257 $2,193 $7,488,000
Morningside Heights N/A N/A $2,647,000
NoHo 3,318 $2,193 $7,247,500
SoHo 4,978 $3,026 $14,476,563
Sutton Place 4,582 $1,645 $7,096,667
TriBeCa 4,585 $3,221 $15,689,000
Upper East Side 3,983 $2,818 $10,962,732
Upper West Side 3,942 $2,631 $10,024,793
Washington Heights 2,141 $836 $1,126,667
West Village 3,620 $3,173 $11,604,231
Yorkville 2,917 $1,595 $5,490,052

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: $3,567,781 | Avg Size: 1,834 Sqft | Avg Price / Sqft: $1,732
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1 br
1 ba
850 sq
Co-op
775,000
$912/sq
 
2 br
2 ba
1,100 sq
Co-op
1,200,000
$1,091/sq
 
45 East 30th Street 8D
Midtown South Central
1 br
1 ba
830 sq
Condo
1,300,000
$1,566/sq
 
5 br
2.5 ba
4,468 sq
Condo
5,750,000
$1,287/sq
 
2 br
2 ba
1,372 sq
Condo
1,800,000
$1,312/sq
28 East 10th Street 5A
Greenwich Village
1 br
1 ba
816 sq
Condo
1,850,000
$2,267/sq
 
1 br
2 ba
n/a
Condo
1,300,000
 
3 br
3.5 ba
n/a
Condo
7,000,000
 
2 br
1.5 ba
n/a
Condo
1,250,000
3 br
1 ba
n/a
Co-op
725,000
 
1 br
1.5 ba
761 sq
Condo
1,175,000
$1,544/sq
 
2 br
2 ba
n/a
Co-op
1,800,000
 
1 br
1.5 ba
700 sq
Co-op
710,000
$1,014/sq
 
1 br
1 ba
725 sq
Condo
799,000
$1,102/sq
 
1 br
1 ba
n/a
Co-op
700,000
 
2 br
2 ba
1,300 sq
Co-op
1,795,000
$1,381/sq
 
4 br
3.5 ba
n/a
Co-op
2,800,000
 
1 br
1 ba
775 sq
Co-op
525,000
$677/sq
n/a
n/a
n/a
House
12,500,000
 
2 br
1 ba
n/a
Co-op
1,500,000
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 900 1548 11284
All Midtown 3127 3985 21513
All Uptown 387 550 13347
Alphabet City 29 66 943
Battery Park City 67 106 77
Bowery 18 42 713
Central Park 1 0 65
Chelsea 195 360 2352
Chinatown 7 28 660
Civic Center 5 1 16
Clinton 177 415 1632
East Harlem 65 144 3338
East Village 44 147 2014
Financial District 190 419 630
Flatiron District 59 65 394
Fort George 50 61 894
Garment District 12 35 291
Governors Island 0 0 0
Gramercy Park 94 80 659
Greenwich Village 120 161 1040
Hamilton Heights 12 32 674
Harlem 144 189 5105
Hell's Kitchen 34 111 251
Inwood 26 22 564
Kips Bay 89 141 900
Koreatown 11 8 135
Lenox Hill 459 318 1923
Liberty Island 0 0 0
Lincoln Square 281 305 824
Little Italy 8 16 175
Lower East Side 30 48 820
Manhattan Valley 56 95 563
Manhattanville 6 9 340
Marble Hill 0 1 170
Marcus Garvey 0 0 30
Meatpacking District 0 0 54
Midtown Center 136 160 817
Midtown East 273 225 957
Midtown South Central 77 195 799
Morningside Heights 41 40 1004
Murray Hill, Manhattan 97 221 510
NoHo 28 25 239
NoLita 10 37 299
Roosevelt Island 8 17 17
SoHo 103 113 1056
Stuyvesant Town - Peter Cooper Village 0 1 194
Sutton Place 99 29 131
Theater District - Times Square 23 86 238
TriBeCa 121 145 1002
Tudor City 46 43 23
Two Bridges 0 1 124
Union Square 12 24 115
Upper East Side 1044 877 6278
Upper West Side 648 909 4772
Washington Heights 43 53 1398
West Village 149 259 2365
Yorkville 212 286 1854
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