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 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 668 $1,095 $644,226
1 Bed 827 $1,276 $957,188
2 Bed
1,444 $1,649 $2,381,617
3 Bed 2,322 $2,073 $4,896,637
4+ Bed 3,854 $2,899 $11,103,441
*Based on 4,532 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,549,903. The average price per square foot is $1,731. The average neighborhood home is 1,843 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,256 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 4532 homes for sale, including the following different types of property: 2120 condos / condominiums, 2165 coops, and 246 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 602 homes are single room studios, 1346 are one bedroom homes, 1244 are two bedroom homes, 669 are three bedroom homes and the rest are larger. While data is not available for all properties, 352 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, 1649 have air conditioning, 1481 offer city views, 1945 have concierge services inside the bulding, 3395 have a doorman, 3602 have elevator service, 309 have a fireplace, 8 of the listings are available furnished, 1225 have a gym or fitness center, 1273 have hardwood floors, 737 boast high ceilings, 125 have a jacuzzi, 2087 offer laundry services inside the building, 2434 have public outdoor space, 289 have park views, 1567 offer parking, 255 are penthouse apartments, 3344 allow pets, 809 have private outdoor space, 2067 offer storage, 548 have a swimming pool, 1357 have a washer / dryer inside the home, 989 have water views.

PRICE REDUCED HOMES:

There are currently 1,098 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 590 $1,235 $595,200
Bowery N/A N/A $407,667
Chelsea 494 $1,139 $468,200
Civic Center 525 $712 $374,000
Clinton 566 $1,215 $560,156
East Harlem 429 $350 $150,000
East Village 460 $1,489 $685,000
Financial District 699 $1,157 $773,978
Flatiron District 1,708 $1,431 $1,748,255
Fort George 517 $526 $250,250
Garment District 533 $1,507 $803,000
Gramercy Park 688 $1,160 $617,892
Greenwich Village 616 $1,058 $573,833
Harlem 400 $888 $407,000
Hell's Kitchen N/A N/A $561,389
Inwood 538 $297 $240,750
Kips Bay 491 $946 $427,673
Koreatown 5,622 $1,119 $3,105,000
Lenox Hill 997 $944 $872,000
Lincoln Square 542 $1,079 $700,647
Little Italy 1,707 $1,169 $1,397,000
Manhattan Valley 495 $1,133 $564,000
Midtown Center 504 $1,441 $637,582
Midtown East 555 $817 $410,244
Midtown South Central 478 $1,734 $742,429
Morningside Heights 375 $547 $200,000
NoHo 900 $888 $799,000
NoLita N/A N/A $200,000
SoHo 1,169 $2,217 $2,390,929
Sutton Place 571 $777 $415,273
TriBeCa 2,781 $835 $2,397,500
Tudor City 329 $893 $317,250
Upper East Side 487 $834 $669,264
Upper West Side 513 $1,130 $457,135
Washington Heights N/A N/A $198,250
West Village 457 $1,671 $688,768
Yorkville 459 $829 $370,096
  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 739 $1,023 $754,932
Bowery 834 $1,486 $828,833
Chelsea 856 $1,662 $1,299,254
Chinatown 530 $1,500 $795,000
Civic Center 800 $668 $534,000
Clinton 809 $1,572 $1,195,726
East Harlem 767 $845 $594,038
East Village 653 $1,447 $900,667
Financial District 870 $1,508 $1,255,356
Flatiron District 860 $1,705 $1,406,417
Fort George 686 $536 $372,381
Garment District 797 $1,642 $1,319,750
Gramercy Park 788 $1,201 $886,714
Greenwich Village 965 $1,407 $1,187,279
Hamilton Heights N/A N/A $559,000
Harlem 688 $693 $461,170
Hell's Kitchen 752 $1,356 $1,001,944
Inwood 758 $392 $287,500
Kips Bay 729 $1,116 $718,063
Koreatown 909 $1,687 $1,525,000
Lenox Hill 864 $1,336 $952,604
Lincoln Square 802 $1,635 $1,155,953
Little Italy N/A N/A $2,295,000
Lower East Side 762 $703 $516,068
Manhattan Valley 760 $1,116 $768,833
Manhattanville N/A N/A $175,000
Midtown Center 951 $1,984 $1,463,412
Midtown East 888 $1,030 $851,030
Midtown South Central 974 $1,423 $1,139,923
Morningside Heights 626 $603 $421,353
NoHo 1,337 $2,252 $2,944,000
NoLita 1,032 $2,256 $2,087,500
Roosevelt Island 785 $971 $757,500
SoHo 1,037 $1,684 $1,519,056
Sutton Place 952 $1,007 $914,529
Theater District - Times Square 910 $1,581 $1,283,000
TriBeCa 1,041 $1,697 $1,730,824
Tudor City 638 $853 $531,889
Union Square 671 $2,228 $1,285,000
Upper East Side 789 $1,083 $848,340
Upper West Side 710 $1,154 $782,802
Washington Heights 713 $579 $386,941
West Village 909 $2,206 $1,565,316
Yorkville 764 $881 $637,051
  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 1,297 $1,312 $1,741,840
Bowery 1,345 $1,924 $2,100,667
Chelsea 1,620 $1,867 $2,889,946
Chinatown 1,855 $1,321 $1,923,333
Civic Center 1,050 $681 $715,000
Clinton 1,278 $2,103 $2,895,250
East Harlem 1,097 $972 $896,338
East Village 1,714 $2,334 $2,499,750
Financial District 1,456 $1,630 $2,368,479
Flatiron District 1,545 $1,842 $2,752,850
Fort George 1,145 $525 $589,500
Garment District 1,243 $1,884 $2,348,500
Gramercy Park 1,665 $1,774 $3,488,949
Greenwich Village 1,598 $1,816 $2,651,097
Hamilton Heights 1,100 $476 $446,500
Harlem 1,033 $726 $714,182
Hell's Kitchen 1,074 $1,798 $1,879,083
Inwood 912 $444 $426,000
Kips Bay 1,232 $1,227 $1,540,737
Koreatown 1,288 $719 $925,000
Lenox Hill 1,535 $1,985 $2,932,055
Lincoln Square 1,373 $1,953 $2,800,978
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 951 $893 $760,464
Manhattan Valley 1,186 $1,503 $1,371,846
Manhattanville 650 $423 $250,000
Midtown Center 1,531 $2,091 $2,935,100
Midtown East 1,531 $1,471 $1,929,101
Midtown South Central 1,464 $1,952 $2,569,714
Morningside Heights 993 $716 $777,167
NoHo 1,922 $2,421 $4,509,615
NoLita 1,856 $2,062 $3,877,600
Roosevelt Island 952 $945 $1,047,500
SoHo 2,363 $1,872 $4,242,385
Sutton Place 1,395 $1,261 $1,937,464
Theater District - Times Square 1,317 $2,072 $2,743,000
TriBeCa 1,842 $1,898 $3,364,474
Tudor City 1,200 $1,081 $1,037,455
Union Square 1,366 $2,152 $2,871,000
Upper East Side 1,546 $1,696 $2,782,646
Upper West Side 1,225 $1,291 $1,664,053
Washington Heights 1,093 $593 $652,958
West Village 1,614 $2,371 $3,573,526
Yorkville 1,267 $1,260 $1,623,351
  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 1,912 $1,808 $3,333,929
Bowery 4,000 $775 $3,100,000
Chelsea 2,776 $2,584 $6,966,923
Chinatown 2,200 $1,361 $2,995,000
Clinton 2,214 $3,017 $7,443,613
East Harlem 1,737 $1,291 $2,476,182
Financial District 2,227 $1,558 $3,231,111
Flatiron District 2,900 $2,214 $6,582,222
Fort George 1,225 $581 $749,250
Garment District N/A N/A $2,750,000
Gramercy Park 2,138 $1,835 $4,248,750
Greenwich Village 2,607 $1,746 $4,028,545
Hamilton Heights 1,486 $437 $649,000
Harlem 1,471 $1,012 $1,483,053
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 2,271 $2,350 $5,453,941
Lincoln Square 1,938 $2,124 $4,893,818
Little Italy 2,133 $1,688 $3,650,000
Lower East Side 2,195 $909 $1,996,000
Manhattan Valley 1,430 $1,517 $2,004,167
Manhattanville N/A N/A $415,000
Midtown Center 2,774 $3,115 $7,799,762
Midtown East 2,225 $1,741 $4,298,897
Midtown South Central 2,644 $2,994 $8,180,115
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 2,845 $2,156 $5,888,621
Sutton Place 2,072 $1,355 $2,709,750
Theater District - Times Square 2,451 $2,244 $5,500,000
TriBeCa 2,885 $2,017 $5,731,083
Union Square 3,335 $2,186 $6,731,250
Upper East Side 2,309 $2,292 $5,856,882
Upper West Side 2,006 $1,813 $3,959,255
Washington Heights 1,448 $531 $753,667
West Village 2,307 $2,537 $6,308,235
Yorkville 2,130 $1,283 $2,655,929
  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 3,918 $3,172 $13,645,286
Clinton 3,938 $5,274 $22,321,709
East Harlem 2,977 $1,684 $6,738,900
Financial District 2,989 $2,686 $8,013,333
Flatiron District 4,467 $2,744 $13,215,000
Fort George 2,100 $476 $999,000
Gramercy Park 4,970 $4,087 $17,953,333
Greenwich Village 3,947 $2,903 $10,366,667
Harlem 1,887 $812 $1,633,000
Hell's Kitchen 2,150 $2,094 $4,500,000
Inwood 1,763 $438 $772,000
Lenox Hill 4,102 $3,155 $12,823,321
Lincoln Square 3,783 $3,330 $11,827,891
Manhattan Valley N/A N/A $2,345,000
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 3,218 $2,255 $7,538,700
Morningside Heights N/A N/A $2,647,000
NoHo 3,212 $2,072 $6,663,333
SoHo 4,899 $2,807 $13,187,500
Sutton Place 4,662 $1,320 $5,256,800
TriBeCa 4,557 $3,117 $14,926,613
Upper East Side 3,915 $2,706 $10,690,236
Upper West Side 3,807 $2,690 $10,163,758
Washington Heights 2,141 $836 $1,126,667
West Village 3,620 $3,173 $11,604,231
Yorkville 2,947 $1,639 $5,075,256

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: $3,549,903 | Avg Size: 1,843 Sqft | Avg Price / Sqft: $1,731
64 new listings just came in!
Upgrade to Blocksy EdgeTM and get the first look at NYC's newest listings before others.
View Now
×
2 br
1 ba
1,000 sq
Co-op
595,000
$595/sq
 
6 br
5.5 ba
5,100 sq
Condo
16,500,000
$3,235/sq
 
475 FDR Drive L901
Lower East Side
2 br
1 ba
1,050 sq
Co-op
715,000
$681/sq
 
2 br
2 ba
1,475 sq
Co-op
1,595,000
$1,081/sq
425 Fifth Avenue 30C
Midtown South Central
Studio
1 ba
488 sq
Condo
720,000
$1,475/sq
 
1 br
1 ba
n/a
Co-op
625,000
 
874 Broadway 301
Flatiron District
2 br
2 ba
n/a
Co-op
2,495,000
 
4 br
3 ba
3,000 sq
Co-op
5,495,000
$1,832/sq
 
3 br
2.5 ba
3,100 sq
Condo
4,250,000
$1,371/sq
2 br
2 ba
850 sq
Condo
1,300,000
$1,529/sq
1 br
1 ba
n/a
Co-op
675,000
 
2 br
2 ba
1,072 sq
Condo
1,675,000
$1,563/sq
 
2 br
1 ba
n/a
Co-op
1,100,000
 
930 Park Avenue 10S
Upper East Side
3 br
3 ba
n/a
Co-op
5,850,000
 
2109 Broadway 910
Upper West Side
1 br
1 ba
550 sq
Condo
775,000
$1,409/sq
 
Studio
1 ba
n/a
Co-op
250,000
1 br
1 ba
n/a
Co-op
800,000
 
1 br
1 ba
n/a
Co-op
625,000
 
Studio
1 ba
550 sq
Co-op
450,000
$818/sq
 
535 Manhattan Avenue
Morningside Heights
n/a
n/a
3,600 sq
House
995,000
$276/sq
 1 2 3 4 5 6 7 >  Last ›
Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 918 1557 11284
All Midtown 3218 4024 21513
All Uptown 389 558 13347
Alphabet City 29 69 943
Battery Park City 66 108 77
Bowery 18 40 713
Central Park 1 0 65
Chelsea 197 349 2352
Chinatown 7 27 660
Civic Center 5 1 16
Clinton 179 429 1632
East Harlem 65 151 3338
East Village 45 147 2014
Financial District 191 421 630
Flatiron District 62 65 394
Fort George 51 56 894
Garment District 13 35 291
Governors Island 0 0 0
Gramercy Park 99 81 659
Greenwich Village 120 164 1040
Hamilton Heights 14 31 674
Harlem 143 194 5105
Hell's Kitchen 37 112 251
Inwood 26 24 564
Kips Bay 86 146 900
Koreatown 10 8 135
Lenox Hill 468 322 1923
Liberty Island 0 0 0
Lincoln Square 293 316 824
Little Italy 8 15 175
Lower East Side 32 50 820
Manhattan Valley 59 95 563
Manhattanville 6 8 340
Marble Hill 0 1 170
Marcus Garvey 0 0 30
Meatpacking District 0 0 54
Midtown Center 138 157 817
Midtown East 284 230 957
Midtown South Central 79 192 799
Morningside Heights 42 40 1004
Murray Hill, Manhattan 97 218 510
NoHo 29 25 239
NoLita 12 37 299
Roosevelt Island 7 19 17
SoHo 105 115 1056
Stuyvesant Town - Peter Cooper Village 0 1 194
Sutton Place 98 27 131
Theater District - Times Square 24 90 238
TriBeCa 128 146 1002
Tudor City 47 46 23
Two Bridges 0 1 124
Union Square 11 27 115
Upper East Side 1076 886 6278
Upper West Side 680 925 4772
Washington Heights 42 54 1398
West Village 152 260 2365
Yorkville 230 291 1854
This page is in Good Standing
Based on data sources and user reports, this page is believed to be accurate.
Beg to differ? Flag This Page
×
Please flag responsibly:
Lay it on us...