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 24, 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 701 $1,137 $687,644
1 Bed 856 $1,342 $1,044,364
2 Bed
1,440 $1,738 $2,455,332
3 Bed 2,270 $2,174 $4,937,913
4+ Bed 3,869 $2,732 $10,915,296
*Based on 5,305 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $4,041,917. The average price per square foot is $1,792. The average neighborhood home is 1,895 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,357 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 5305 homes for sale, including the following different types of property: 2505 condos / condominiums, 2475 coops, and 325 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 662 homes are single room studios, 1508 are one bedroom homes, 1416 are two bedroom homes, 843 are three bedroom homes and the rest are larger. While data is not available for all properties, 566 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, 1833 have air conditioning, 1513 offer city views, 2300 have concierge services inside the bulding, 3917 have a doorman, 4081 have elevator service, 357 have a fireplace, 8 of the listings are available furnished, 1212 have a gym or fitness center, 1418 have hardwood floors, 822 boast high ceilings, 184 have a jacuzzi, 3109 offer laundry services inside the building, 2580 have public outdoor space, 331 have park views, 1890 offer parking, 329 are penthouse apartments, 2109 allow pets, 955 have private outdoor space, 2340 offer storage, 701 have a swimming pool, 1542 have a washer / dryer inside the home, 832 have water views.

PRICE REDUCED HOMES:

There are currently 1,603 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 $1,010 $541,700
Bowery N/A N/A $399,000
Chelsea 917 $1,462 $1,151,542
Clinton 508 $1,436 $637,744
East Harlem 632 $1,032 $493,000
East Village 625 $1,568 $980,000
Financial District 687 $1,203 $786,624
Flatiron District 3,400 $1,081 $1,813,600
Fort George 438 $530 $254,750
Garment District 2,394 $1,376 $1,794,500
Gramercy Park 654 $1,101 $572,857
Greenwich Village 519 $1,102 $746,000
Harlem 523 $418 $220,667
Inwood 500 $425 $222,667
Kips Bay 532 $1,040 $530,483
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 637 $1,058 $657,439
Lincoln Square 630 $1,281 $602,879
Lower East Side 693 $594 $359,333
Manhattan Valley 560 $1,061 $602,267
Midtown Center 562 $1,058 $700,667
Midtown East 534 $911 $437,188
Midtown South Central 1,097 $1,416 $1,127,312
Morningside Heights 390 $385 $172,500
NoHo 900 $777 $699,000
SoHo 1,113 $1,897 $1,459,200
Sutton Place 3,257 $1,104 $1,997,000
TriBeCa 2,781 $835 $2,397,500
Tudor City 341 $950 $319,869
Upper East Side 680 $930 $739,609
Upper West Side 509 $1,042 $493,527
Washington Heights 794 $720 $508,667
West Village 375 $1,224 $673,200
Yorkville 584 $888 $447,517
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 962 $1,205 $844,375
Battery Park City 709 $1,094 $787,080
Bowery 1,250 $1,554 $1,272,500
Chelsea 894 $1,574 $1,289,226
Clinton 822 $1,594 $1,220,458
East Harlem 785 $892 $710,297
East Village 955 $1,390 $1,127,800
Financial District 887 $1,678 $1,431,566
Flatiron District 905 $1,587 $1,376,118
Fort George 725 $571 $407,495
Garment District 792 $1,858 $1,322,000
Gramercy Park 770 $1,487 $978,385
Greenwich Village 802 $1,544 $1,172,436
Hamilton Heights N/A N/A $445,667
Harlem 722 $678 $441,541
Hell's Kitchen 1,777 $1,348 $1,381,412
Inwood 775 $350 $283,286
Kips Bay 739 $1,063 $713,168
Koreatown N/A N/A $1,895,000
Lenox Hill 832 $1,336 $1,108,680
Lincoln Square 836 $1,739 $1,223,532
Little Italy 1,544 $1,875 $2,895,000
Lower East Side 706 $980 $585,625
Manhattan Valley 792 $1,280 $941,846
Midtown Center 986 $1,926 $1,695,691
Midtown East 885 $1,106 $885,852
Midtown South Central 888 $1,530 $1,322,121
Morningside Heights 812 $684 $546,923
NoLita N/A N/A $1,200,000
Roosevelt Island 761 $908 $666,800
SoHo 1,056 $1,649 $1,600,125
Sutton Place 1,027 $989 $969,030
Theater District - Times Square 924 $1,699 $1,313,412
TriBeCa 1,239 $1,811 $2,074,824
Tudor City 725 $881 $576,188
Two Bridges 568 $879 $499,000
Union Square 779 $1,812 $1,162,000
Upper East Side 783 $997 $837,793
Upper West Side 686 $1,117 $779,951
Washington Heights 654 $760 $460,167
West Village 1,016 $1,872 $1,553,574
Yorkville 773 $959 $644,885
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,145 $1,244 $1,313,533
Battery Park City 1,234 $1,615 $1,983,929
Bowery 1,577 $2,165 $2,409,778
Central Park N/A N/A $1,150,000
Chelsea 1,607 $1,816 $2,718,990
Civic Center 1,150 $696 $800,000
Clinton 1,423 $2,443 $3,504,250
East Harlem 1,220 $1,036 $1,288,856
East Village 1,248 $1,984 $2,528,571
Financial District 1,483 $1,714 $2,465,000
Flatiron District 1,671 $2,086 $3,393,258
Fort George 1,027 $567 $534,529
Garment District 1,417 $1,723 $2,234,000
Gramercy Park 1,362 $1,775 $2,651,196
Greenwich Village 1,553 $1,767 $2,540,350
Hamilton Heights 800 $406 $325,000
Harlem 1,104 $818 $842,947
Hell's Kitchen 1,008 $1,650 $1,594,455
Inwood 1,011 $454 $477,000
Kips Bay 1,234 $1,385 $1,650,750
Koreatown 1,392 $1,749 $2,340,833
Lenox Hill 1,469 $1,833 $2,861,210
Lincoln Square 1,332 $1,923 $2,460,018
Little Italy 1,817 $1,852 $3,198,333
Lower East Side 1,163 $1,712 $2,057,154
Manhattan Valley 1,251 $1,214 $1,617,250
Manhattanville 650 $423 $262,500
Midtown Center 1,599 $2,195 $3,143,123
Midtown East 1,534 $1,549 $2,139,451
Midtown South Central 1,477 $1,924 $2,565,035
Morningside Heights 966 $913 $921,652
NoHo 2,112 $1,967 $3,934,091
NoLita 1,497 $2,037 $2,907,143
Roosevelt Island 1,249 $867 $1,074,500
SoHo 1,773 $2,039 $3,702,971
Sutton Place 1,522 $1,216 $1,795,125
Theater District - Times Square 1,365 $2,076 $2,750,643
TriBeCa 1,740 $2,275 $3,833,845
Tudor City 1,100 $727 $1,783,750
Union Square 1,622 $2,399 $3,298,333
Upper East Side 1,457 $1,720 $2,728,710
Upper West Side 1,350 $1,508 $1,732,453
Washington Heights 968 $614 $569,265
West Village 1,454 $2,027 $2,955,829
Yorkville 1,284 $1,218 $1,588,320
  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 $2,315,000
Battery Park City 1,823 $1,734 $3,059,921
Bowery 2,231 $3,530 $7,875,000
Chelsea 2,518 $2,610 $6,120,071
Chinatown 1,792 $1,360 $2,437,500
Civic Center 1,336 $1,198 $1,600,000
Clinton 1,993 $2,116 $5,033,202
East Harlem 1,780 $905 $1,743,071
East Village 1,822 $1,301 $2,348,000
Financial District 2,435 $2,200 $5,620,546
Flatiron District 2,878 $2,519 $6,633,267
Fort George 1,469 $692 $990,667
Garment District N/A N/A $1,350,000
Gramercy Park 2,261 $2,390 $4,941,000
Greenwich Village 2,893 $2,164 $5,857,000
Hamilton Heights 1,100 $172 $189,000
Harlem 1,529 $852 $1,080,489
Hell's Kitchen 1,733 $2,708 $4,833,333
Inwood 1,300 $576 $812,600
Kips Bay 1,475 $1,273 $2,039,578
Lenox Hill 2,262 $2,413 $5,449,541
Lincoln Square 1,994 $2,259 $4,507,260
Lower East Side 1,808 $1,298 $2,277,000
Manhattan Valley 1,508 $1,623 $2,420,643
Midtown Center 3,038 $3,892 $10,356,591
Midtown East 2,185 $2,178 $5,085,707
Midtown South Central 2,548 $2,173 $5,111,872
Morningside Heights 1,220 $974 $1,316,500
NoHo 3,340 $2,808 $8,054,800
NoLita 3,628 $3,619 $13,716,667
SoHo 2,723 $2,375 $6,525,417
Sutton Place 2,107 $1,407 $3,169,556
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,559 $2,578 $6,335,418
Tudor City N/A N/A $1,750,000
Union Square 2,758 $2,704 $7,401,875
Upper East Side 2,356 $2,190 $5,325,978
Upper West Side 1,972 $1,850 $4,157,842
Washington Heights 1,399 $586 $926,544
West Village 2,642 $2,848 $6,020,176
Yorkville 2,008 $1,642 $3,081,300
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,673 $1,124 $3,093,000
Battery Park City 3,672 $2,608 $9,981,667
Bowery 4,236 $4,426 $18,750,000
Central Park 1,945 $1,694 $3,295,000
Chelsea 3,704 $2,741 $9,655,875
Clinton 3,505 $4,018 $11,841,083
East Harlem 4,335 $1,813 $8,960,833
East Village 2,700 $2,019 $5,450,000
Financial District 2,919 $1,853 $5,305,182
Flatiron District 3,907 $2,530 $10,079,000
Fort George N/A N/A $1,175,000
Garment District N/A N/A $4,950,000
Gramercy Park 4,783 $4,014 $15,102,500
Greenwich Village 5,463 $3,166 $18,604,286
Harlem 2,492 $1,029 $1,961,800
Hell's Kitchen 3,427 $2,667 $8,903,250
Inwood 1,400 $499 $699,000
Lenox Hill 4,011 $2,806 $12,413,240
Lincoln Square 4,295 $3,500 $15,824,439
Little Italy 4,008 $936 $3,750,000
Lower East Side N/A N/A $1,575,000
Manhattan Valley 2,051 $1,607 $3,224,125
Midtown Center 3,945 $4,575 $17,527,222
Midtown East 3,802 $2,039 $8,043,267
Midtown South Central 3,688 $2,121 $7,876,000
Morningside Heights N/A N/A $2,699,000
NoHo 3,792 $1,625 $5,997,500
NoLita 4,119 $3,247 $13,375,000
SoHo 4,975 $2,770 $13,518,217
Sutton Place 4,028 $1,669 $7,513,143
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,384 $3,184 $14,140,333
Tudor City N/A N/A $2,350,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 3,965 $2,697 $11,230,766
Upper West Side 3,480 $2,368 $9,875,225
Washington Heights 2,587 $547 $1,224,000
West Village 3,808 $3,399 $13,429,615
Yorkville 3,084 $1,638 $5,485,000

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: $4,041,917 | Avg Size: 1,895 Sqft | Avg Price / Sqft: $1,792
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Studio
1 ba
725 sq
Co-op
340,000
$469/sq
 
2 br
1 ba
1,225 sq
Condo
1,395,000
$1,139/sq
 
325 Fifth Avenue 20G
Midtown South Central
1 br
1 ba
816 sq
Condo
1,295,000
$1,587/sq
 
1 br
1 ba
600 sq
Condo
799,000
$1,332/sq
44 West 73rd Street
Upper West Side
n/a
n/a
5,000 sq
House
3,900
$1/sq
 
2 br
2 ba
n/a
Condo
1,499,999
 
3 br
3.5 ba
2,391 sq
Co-op
6,250,000
$2,614/sq
 
2 br
2 ba
2,250 sq
Condo
2,995,000
$1,331/sq
 
3 br
3.5 ba
2,013 sq
Condo
6,950,000
$3,453/sq
1 br
1 ba
825 sq
Co-op
315,000
$382/sq
 
55 Wall Street 720
Financial District
1 br
1 ba
1,041 sq
Condo
980,000
$941/sq
 
1 br
1 ba
n/a
Co-op
1,200,000
 
1 br
1.5 ba
930 sq
Condo
2,400,000
$2,581/sq
 
1 br
1.5 ba
1,212 sq
Condo
6,450,000
$5,322/sq
 
3 br
2.5 ba
1,700 sq
Condo
2,600,000
$1,529/sq
 
3 br
2 ba
1,550 sq
Condo
2,200,000
$1,419/sq
 
1 br
1 ba
n/a
Co-op
350,000
 
1 br
1 ba
n/a
Co-op
425,000
 
4 br
3 ba
1,867 sq
Condo
3,150,000
$1,687/sq
 
1 br
1 ba
625 sq
Condo
985,000
$1,576/sq
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 1121 2184 11284
All Midtown 3723 6589 21513
All Uptown 453 901 13347
Alphabet City 37 116 943
Battery Park City 62 137 77
Bowery 18 61 713
Central Park 3 3 65
Chelsea 233 570 2352
Chinatown 5 47 660
Civic Center 2 2 16
Clinton 252 723 1632
East Harlem 76 199 3338
East Village 61 230 2014
Financial District 249 626 630
Flatiron District 75 99 394
Fort George 58 94 894
Garment District 25 46 291
Governors Island 0 0 0
Gramercy Park 95 103 659
Greenwich Village 159 255 1040
Hamilton Heights 11 42 674
Harlem 157 339 5105
Hell's Kitchen 44 222 251
Inwood 29 37 564
Kips Bay 93 230 900
Koreatown 9 8 135
Lenox Hill 574 433 1923
Liberty Island 0 0 0
Lincoln Square 273 805 824
Little Italy 10 11 175
Lower East Side 33 84 820
Manhattan Valley 72 251 563
Manhattanville 2 20 340
Marble Hill 0 0 170
Marcus Garvey 0 0 30
Meatpacking District 0 0 54
Midtown Center 184 208 817
Midtown East 274 248 957
Midtown South Central 103 324 799
Morningside Heights 55 65 1004
Murray Hill, Manhattan 117 389 510
NoHo 24 36 239
NoLita 20 54 299
Roosevelt Island 8 25 17
SoHo 117 142 1056
Stuyvesant Town - Peter Cooper Village 0 35 194
Sutton Place 111 68 131
Theater District - Times Square 37 115 238
TriBeCa 203 175 1002
Tudor City 57 33 23
Two Bridges 1 5 124
Union Square 18 31 115
Upper East Side 1280 1346 6278
Upper West Side 713 1788 4772
Washington Heights 65 105 1398
West Village 157 319 2365
Yorkville 226 527 1854
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