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 Jul 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 710 $1,131 $692,628
1 Bed 822 $1,277 $967,721
2 Bed
1,433 $1,665 $2,355,182
3 Bed 2,237 $2,091 $4,787,236
4+ Bed 3,885 $2,825 $11,154,780
*Based on 4,772 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,515,009. The average price per square foot is $1,720. The average neighborhood home is 1,822 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,205 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 4772 homes for sale, including the following different types of property: 2267 condos / condominiums, 2236 coops, and 269 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 620 homes are single room studios, 1426 are one bedroom homes, 1307 are two bedroom homes, 694 are three bedroom homes and the rest are larger. While data is not available for all properties, 453 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, 1693 have air conditioning, 1491 offer city views, 2025 have concierge services inside the bulding, 3510 have a doorman, 3754 have elevator service, 308 have a fireplace, 9 of the listings are available furnished, 1120 have a gym or fitness center, 1267 have hardwood floors, 722 boast high ceilings, 160 have a jacuzzi, 2608 offer laundry services inside the building, 2510 have public outdoor space, 286 have park views, 1678 offer parking, 278 are penthouse apartments, 2381 allow pets, 843 have private outdoor space, 2103 offer storage, 603 have a swimming pool, 1359 have a washer / dryer inside the home, 865 have water views.

PRICE REDUCED HOMES:

There are currently 1,419 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 $356,000
Battery Park City 622 $1,085 $546,200
Bowery 300 $1,383 $404,333
Chelsea 1,363 $1,226 $969,188
Civic Center 525 $702 $369,000
Clinton 500 $1,337 $609,747
East Harlem 481 $952 $464,500
East Village 460 $1,489 $685,000
Financial District 695 $1,202 $811,285
Flatiron District 713 $1,463 $1,165,000
Fort George 572 $518 $252,333
Garment District 2,273 $1,407 $1,883,750
Gramercy Park 598 $1,158 $639,706
Greenwich Village 739 $1,092 $655,846
Harlem 405 $657 $286,000
Hell's Kitchen N/A N/A $335,000
Inwood 550 $362 $184,667
Kips Bay 534 $1,008 $487,576
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 882 $962 $755,846
Lincoln Square 557 $1,207 $697,650
Little Italy 1,707 $1,110 $1,347,000
Lower East Side 885 $412 $365,000
Manhattan Valley 553 $1,011 $558,313
Midtown Center 575 $1,305 $653,474
Midtown East 568 $896 $457,270
Midtown South Central 601 $1,486 $714,643
Morningside Heights 320 $843 $223,333
NoHo 900 $777 $699,000
NoLita N/A N/A $200,000
SoHo 1,181 $1,901 $2,135,647
Sutton Place 1,385 $1,005 $931,500
Theater District - Times Square 592 $1,461 $865,000
TriBeCa 2,214 $746 $1,711,250
Tudor City 314 $898 $313,713
Union Square 460 $1,628 $599,667
Upper East Side 586 $960 $813,978
Upper West Side 542 $1,277 $514,535
Washington Heights 630 $865 $387,400
West Village 507 $1,607 $757,182
Yorkville 499 $860 $389,500
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 780 $992 $628,667
Battery Park City 742 $1,109 $802,233
Bowery 1,124 $1,624 $1,166,167
Central Park N/A N/A $1,100,000
Chelsea 949 $1,617 $1,410,483
Chinatown 863 $1,385 $972,500
Clinton 799 $1,591 $1,192,831
East Harlem 682 $930 $627,059
East Village 542 $1,243 $819,250
Financial District 866 $1,608 $1,326,427
Flatiron District 785 $1,873 $1,330,846
Fort George 747 $556 $415,769
Garment District 755 $1,677 $1,177,857
Gramercy Park 778 $1,425 $991,849
Greenwich Village 965 $1,316 $1,165,059
Hamilton Heights 446 $930 $484,333
Harlem 676 $706 $420,562
Hell's Kitchen 720 $1,413 $1,000,115
Inwood 761 $375 $288,574
Kips Bay 720 $1,028 $698,636
Koreatown 1,925 $824 $1,728,333
Lenox Hill 840 $1,338 $1,020,859
Lincoln Square 774 $1,570 $1,106,788
Lower East Side 691 $760 $528,688
Manhattan Valley 785 $1,175 $858,423
Midtown Center 906 $1,604 $1,291,565
Midtown East 882 $1,048 $854,650
Midtown South Central 910 $1,497 $1,162,739
Morningside Heights 769 $620 $483,909
NoHo 985 $2,258 $2,499,500
NoLita 685 $2,657 $1,855,000
Roosevelt Island 863 $891 $761,000
SoHo 958 $1,662 $1,335,120
Sutton Place 865 $962 $856,315
Theater District - Times Square 918 $1,553 $1,246,327
TriBeCa 1,035 $1,766 $1,786,211
Tudor City 667 $910 $526,643
Two Bridges 568 $879 $499,000
Union Square 950 $1,253 $983,250
Upper East Side 809 $959 $854,523
Upper West Side 688 $1,106 $734,269
Washington Heights 671 $781 $478,447
West Village 937 $1,891 $1,488,388
Yorkville 754 $870 $617,871
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,165 $1,100 $965,143
Battery Park City 1,228 $1,462 $1,780,125
Bowery 1,276 $1,859 $2,287,800
Central Park N/A N/A $1,250,000
Chelsea 1,636 $2,023 $3,108,782
Chinatown 2,035 $1,328 $2,691,667
Civic Center 1,150 $721 $829,000
Clinton 1,363 $2,346 $3,104,062
East Harlem 1,116 $912 $1,301,934
East Village 1,277 $1,946 $2,061,857
Financial District 1,386 $1,723 $2,447,083
Flatiron District 1,532 $1,820 $2,641,417
Fort George 1,014 $549 $556,767
Garment District 1,236 $1,597 $2,151,286
Gramercy Park 1,722 $1,870 $3,296,900
Greenwich Village 1,645 $1,543 $2,595,667
Hamilton Heights 1,350 $463 $414,333
Harlem 1,059 $802 $783,994
Hell's Kitchen 1,045 $1,745 $1,796,056
Inwood 1,057 $483 $485,250
Kips Bay 1,248 $1,354 $1,445,500
Koreatown 1,494 $1,975 $2,365,000
Lenox Hill 1,567 $1,874 $2,978,344
Lincoln Square 1,350 $1,842 $2,680,387
Little Italy 2,234 $1,437 $2,995,000
Lower East Side 1,137 $1,229 $1,168,556
Manhattan Valley 1,138 $1,262 $1,356,000
Manhattanville 800 $580 $487,000
Midtown Center 1,530 $1,943 $2,830,133
Midtown East 1,559 $1,475 $2,044,366
Midtown South Central 1,377 $1,788 $2,296,783
Morningside Heights 1,035 $904 $917,450
NoHo 2,022 $2,195 $4,289,063
NoLita 1,410 $2,425 $3,579,375
Roosevelt Island 1,150 $889 $1,009,500
SoHo 2,178 $2,075 $4,021,269
Sutton Place 1,397 $1,386 $1,976,458
Theater District - Times Square 1,211 $1,745 $2,135,000
TriBeCa 1,737 $2,045 $3,291,691
Tudor City 1,500 $1,330 $1,079,250
Union Square 1,807 $2,018 $3,358,125
Upper East Side 1,470 $1,714 $2,595,825
Upper West Side 1,239 $1,235 $1,659,056
Washington Heights 905 $577 $570,600
West Village 1,568 $2,224 $2,964,920
Yorkville 1,294 $1,240 $1,611,647
  See how 3 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,294 $1,209 $2,724,667
Battery Park City 1,761 $1,967 $3,325,500
Chelsea 2,588 $2,428 $6,178,023
Chinatown 2,200 $1,361 $2,995,000
Clinton 2,134 $2,789 $6,442,012
East Harlem 1,358 $629 $1,880,555
East Village 1,927 $1,661 $3,200,000
Financial District 2,259 $1,740 $3,632,727
Flatiron District 3,015 $2,145 $6,394,038
Fort George 1,161 $556 $656,556
Garment District 2,100 $2,500 $5,250,000
Gramercy Park 2,190 $2,022 $4,416,818
Greenwich Village 2,185 $1,684 $4,307,083
Harlem 1,619 $1,060 $1,511,553
Hell's Kitchen 1,717 $2,369 $4,166,333
Inwood N/A N/A $950,000
Kips Bay 1,921 $1,446 $2,736,667
Koreatown N/A N/A $1,650,000
Lenox Hill 2,380 $2,525 $5,937,000
Lincoln Square 1,955 $2,360 $5,111,093
Little Italy 2,133 $1,688 $3,600,000
Lower East Side 1,798 $959 $1,715,333
Manhattan Valley 1,438 $1,541 $1,982,235
Midtown Center 2,612 $3,509 $7,679,750
Midtown East 2,277 $1,760 $4,290,105
Midtown South Central 2,491 $2,693 $6,535,545
Morningside Heights 1,150 $787 $1,154,000
NoHo 2,540 $2,188 $5,367,875
NoLita 2,894 $2,592 $7,500,000
SoHo 2,838 $2,391 $6,436,212
Sutton Place 2,314 $1,170 $2,858,615
Theater District - Times Square 2,451 $2,244 $5,500,000
TriBeCa 2,506 $2,364 $5,706,933
Tudor City 1,300 $996 $1,210,000
Union Square 3,226 $2,557 $7,816,667
Upper East Side 2,014 $1,902 $5,181,492
Upper West Side 2,114 $1,858 $4,200,909
Washington Heights 1,227 $523 $678,345
West Village 2,888 $3,541 $9,101,364
Yorkville 2,046 $1,455 $3,157,473
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,975 $1,019 $3,090,750
Battery Park City 3,357 $2,756 $9,998,333
Chelsea 3,486 $2,954 $11,049,313
Clinton 3,498 $4,950 $17,830,188
East Harlem 3,322 $1,810 $7,514,833
Financial District 3,131 $2,606 $8,230,000
Flatiron District 3,890 $1,927 $7,223,750
Fort George 2,800 $500 $1,399,000
Garment District N/A N/A $4,200,000
Gramercy Park 4,853 $3,974 $17,661,250
Greenwich Village 4,457 $3,562 $14,698,750
Harlem 2,434 $1,273 $2,144,000
Hell's Kitchen 3,046 $2,593 $8,738,462
Inwood N/A N/A $1,275,000
Kips Bay 2,884 $1,520 $4,300,000
Lenox Hill 3,930 $2,652 $12,261,909
Lincoln Square 4,154 $3,503 $13,878,000
Little Italy 6,600 $4,772 $31,495,000
Manhattan Valley 1,838 $1,583 $2,863,250
Midtown Center 3,961 $4,251 $16,951,364
Midtown East 3,282 $1,806 $6,490,000
Midtown South Central 3,988 $2,665 $11,739,200
Morningside Heights N/A N/A $3,299,000
NoHo 3,140 $2,364 $7,497,500
Roosevelt Island 1,777 $788 $1,400,000
SoHo 4,723 $2,741 $12,396,409
Sutton Place 3,833 $1,673 $5,339,250
TriBeCa 4,469 $3,073 $14,420,590
Union Square 3,585 $2,301 $8,250,000
Upper East Side 4,265 $2,774 $11,076,234
Upper West Side 4,021 $2,572 $10,169,400
Washington Heights 2,302 $614 $1,415,000
West Village 3,782 $3,246 $12,479,231
Yorkville 2,827 $1,559 $4,761,773

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: $3,515,009 | Avg Size: 1,822 Sqft | Avg Price / Sqft: $1,720
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2 br
2 ba
1,209 sq
Condo
1,850,000
$1,530/sq
 
1 br
1 ba
775 sq
Condo
1,150,000
$1,484/sq
1 br
1 ba
n/a
Co-op
175,000
 
n/a
n/a
n/a
House
10,000,000
 
2 br
1 ba
1,025 sq
Co-op
999,000
$975/sq
 
50 Park Avenue 14A
Midtown South Central
1 br
1 ba
n/a
Co-op
725,000
 
75 Wall Street 37F
Financial District
2 br
2 ba
n/a
Condo
2,475,000
 
3 br
3 ba
n/a
Co-op
1,995,000
 
2 br
1 ba
950 sq
Condo
499,000
$525/sq
 
473 West End Avenue 3A
Upper West Side
3 br
2 ba
n/a
Co-op
3,295,000
 
Studio
1 ba
350 sq
Co-op
299,900
$857/sq
 
1 br
1 ba
780 sq
Co-op
825,000
$1,058/sq
 
2 br
2 ba
1,091 sq
Condo
1,925,000
$1,764/sq
 
Studio
1 ba
650 sq
Condo
699,000
$1,075/sq
 
Studio
1 ba
500 sq
Condo
675,000
$1,350/sq
 
130 Water Street 3C
Financial District
1 br
1 ba
804 sq
Condo
950,000
$1,182/sq
 
1 br
1 ba
850 sq
Condo
675,000
$794/sq
 
2 br
1.5 ba
1,201 sq
Co-op
669,000
$557/sq
1 br
1 ba
925 sq
Condo
2,100,000
$2,270/sq
 
2 br
2 ba
1,318 sq
Condo
1,195,000
$907/sq
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 980 1879 11284
All Midtown 3350 4761 21513
All Uptown 433 676 13347
Alphabet City 29 111 943
Battery Park City 65 124 77
Bowery 14 63 713
Central Park 3 3 65
Chelsea 221 369 2352
Chinatown 9 23 660
Civic Center 3 0 16
Clinton 214 487 1632
East Harlem 81 151 3338
East Village 51 222 2014
Financial District 180 480 630
Flatiron District 57 94 394
Fort George 59 73 894
Garment District 21 52 291
Governors Island 0 0 0
Gramercy Park 88 86 659
Greenwich Village 136 201 1040
Hamilton Heights 6 33 674
Harlem 144 271 5105
Hell's Kitchen 65 128 251
Inwood 33 26 564
Kips Bay 96 149 900
Koreatown 9 8 135
Lenox Hill 506 380 1923
Liberty Island 0 0 0
Lincoln Square 274 361 824
Little Italy 8 17 175
Lower East Side 31 77 820
Manhattan Valley 77 204 563
Manhattanville 2 9 340
Marble Hill 1 1 170
Marcus Garvey 0 0 30
Meatpacking District 0 1 54
Midtown Center 158 200 817
Midtown East 254 256 957
Midtown South Central 85 220 799
Morningside Heights 44 43 1004
Murray Hill, Manhattan 116 235 510
NoHo 30 37 239
NoLita 15 54 299
Roosevelt Island 8 21 17
SoHo 129 137 1056
Stuyvesant Town - Peter Cooper Village 0 14 194
Sutton Place 92 25 131
Theater District - Times Square 24 112 238
TriBeCa 160 158 1002
Tudor City 47 38 23
Two Bridges 1 4 124
Union Square 19 39 115
Upper East Side 1113 1065 6278
Upper West Side 668 1181 4772
Washington Heights 64 70 1398
West Village 148 281 2365
Yorkville 214 356 1854
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