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 Dec 21, 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 707 $1,188 $735,517
1 Bed 876 $1,386 $1,089,136
2 Bed
1,448 $1,782 $2,544,452
3 Bed 2,274 $2,278 $5,310,681
4+ Bed 3,904 $2,691 $11,080,430
*Based on 3,996 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $4,337,444. The average price per square foot is $1,897. The average neighborhood home is 1,929 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,407 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 3996 homes for sale, including the following different types of property: 1951 condos / condominiums, 1782 coops, and 263 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 506 homes are single room studios, 1126 are one bedroom homes, 1028 are two bedroom homes, 663 are three bedroom homes and the rest are larger. While data is not available for all properties, 473 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, 1433 have air conditioning, 1161 offer city views, 1759 have concierge services inside the bulding, 2964 have a doorman, 3062 have elevator service, 272 have a fireplace, 6 of the listings are available furnished, 935 have a gym or fitness center, 1044 have hardwood floors, 623 boast high ceilings, 133 have a jacuzzi, 2360 offer laundry services inside the building, 1963 have public outdoor space, 248 have park views, 1418 offer parking, 243 are penthouse apartments, 1514 allow pets, 724 have private outdoor space, 1776 offer storage, 552 have a swimming pool, 1221 have a washer / dryer inside the home, 534 have water views.

PRICE REDUCED HOMES:

There are currently 1,200 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 1,134 $3,303 $4,700,000
Battery Park City 542 $1,010 $549,750
Chelsea 1,301 $1,433 $1,417,455
Chinatown 222 $1,945 $558,000
Clinton 508 $1,447 $642,862
East Harlem 838 $1,193 $554,500
East Village 625 $1,568 $980,000
Financial District 691 $1,228 $794,353
Flatiron District 2,500 $1,172 $1,873,800
Fort George 450 $553 $274,500
Garment District 4,238 $1,106 $2,682,000
Gramercy Park 652 $1,038 $561,999
Greenwich Village 564 $1,097 $780,429
Harlem 1,190 $485 $642,500
Inwood 500 $400 $199,900
Kips Bay 520 $1,188 $578,042
Lenox Hill 549 $1,089 $594,051
Lincoln Square 647 $1,225 $599,808
Lower East Side 885 $390 $364,500
Manhattan Valley 539 $1,102 $607,333
Midtown Center 582 $1,356 $897,818
Midtown East 492 $927 $416,000
Midtown South Central 1,106 $1,528 $1,664,111
Morningside Heights N/A N/A $472,500
NoHo 900 $777 $1,249,500
SoHo 1,487 $1,621 $1,708,300
Sutton Place 542 $1,199 $650,000
Tudor City 330 $951 $316,276
Upper East Side 696 $974 $704,958
Upper West Side 474 $1,090 $529,091
Washington Heights 892 $633 $490,833
West Village 519 $1,590 $637,273
Yorkville 648 $955 $513,864
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 916 $1,346 $997,800
Battery Park City 730 $1,148 $837,273
Bowery 1,500 $1,613 $1,485,000
Chelsea 941 $1,769 $1,385,172
Clinton 837 $1,636 $1,232,851
East Harlem 796 $844 $712,089
East Village 981 $1,391 $1,114,833
Financial District 896 $1,710 $1,483,377
Flatiron District 1,031 $1,605 $1,474,750
Fort George 783 $499 $383,311
Garment District 815 $1,798 $1,368,400
Gramercy Park 739 $1,472 $994,775
Greenwich Village 787 $1,572 $1,186,634
Hamilton Heights N/A N/A $454,333
Harlem 759 $727 $535,532
Hell's Kitchen 1,995 $1,315 $1,441,533
Inwood 735 $369 $281,571
Kips Bay 741 $1,045 $735,721
Koreatown N/A N/A $1,895,000
Lenox Hill 837 $1,372 $1,158,131
Lincoln Square 845 $1,903 $1,290,686
Lower East Side 749 $825 $596,000
Manhattan Valley 781 $1,255 $913,826
Midtown Center 987 $1,979 $1,886,190
Midtown East 929 $1,161 $933,410
Midtown South Central 947 $1,602 $1,256,967
Morningside Heights 697 $691 $473,667
NoHo 1,320 $1,042 $1,375,000
NoLita N/A N/A $899,000
Roosevelt Island 682 $924 $634,667
SoHo 1,259 $1,809 $1,981,400
Sutton Place 971 $1,096 $1,064,545
Theater District - Times Square 913 $1,655 $1,412,133
TriBeCa 1,462 $1,940 $2,525,909
Tudor City 550 $955 $581,143
Two Bridges 568 $879 $499,000
Union Square 675 $1,959 $1,127,600
Upper East Side 804 $1,042 $866,058
Upper West Side 702 $1,160 $799,548
Washington Heights 756 $547 $392,556
West Village 1,028 $1,904 $1,531,229
Yorkville 754 $973 $648,962
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 838 $1,124 $957,500
Battery Park City 1,282 $1,682 $2,140,410
Bowery 1,431 $1,821 $2,169,625
Central Park N/A N/A $1,150,000
Chelsea 1,654 $1,877 $2,914,140
Chinatown 1,320 $1,574 $2,056,667
Civic Center 1,150 $696 $800,000
Clinton 1,417 $2,383 $3,538,344
East Harlem 1,160 $996 $1,656,263
East Village 1,225 $1,811 $1,845,000
Financial District 1,503 $1,827 $2,640,883
Flatiron District 1,704 $2,257 $3,842,900
Fort George 1,013 $574 $539,385
Garment District 1,324 $1,840 $2,430,000
Gramercy Park 1,366 $2,016 $2,758,000
Greenwich Village 1,520 $1,908 $2,657,880
Hamilton Heights 800 $406 $325,000
Harlem 1,084 $813 $817,086
Hell's Kitchen 967 $1,629 $1,477,143
Inwood 981 $574 $565,500
Kips Bay 1,141 $1,375 $1,527,083
Koreatown 1,379 $1,767 $2,340,833
Lenox Hill 1,381 $1,746 $2,723,054
Lincoln Square 1,251 $1,919 $2,255,639
Lower East Side 1,157 $1,615 $2,111,400
Manhattan Valley 1,470 $1,407 $1,704,800
Midtown Center 1,687 $2,405 $3,871,560
Midtown East 1,528 $1,624 $2,271,981
Midtown South Central 1,511 $1,880 $2,490,818
Morningside Heights 982 $970 $1,055,786
NoHo 2,183 $2,202 $4,315,000
NoLita 1,963 $1,604 $3,240,000
Roosevelt Island 1,213 $824 $987,000
SoHo 1,796 $2,075 $3,939,696
Sutton Place 1,578 $1,230 $1,921,688
Theater District - Times Square 1,353 $2,121 $2,927,857
TriBeCa 1,772 $2,505 $4,273,977
Tudor City N/A N/A $3,995,000
Union Square 1,533 $1,497 $2,145,000
Upper East Side 1,412 $1,633 $2,615,858
Upper West Side 1,346 $1,587 $1,916,084
Washington Heights 1,076 $564 $596,667
West Village 1,562 $2,139 $3,096,727
Yorkville 1,288 $1,238 $1,640,849
  See how 3 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City N/A N/A $1,800,000
Battery Park City 1,798 $1,819 $3,280,000
Bowery 2,219 $3,425 $7,600,000
Chelsea 2,307 $2,909 $6,482,871
Chinatown 1,383 $1,359 $1,880,000
Civic Center 1,336 $1,198 $1,600,000
Clinton 1,985 $2,421 $5,683,824
East Harlem 1,875 $897 $1,619,778
East Village 1,927 $1,427 $2,500,000
Financial District 2,424 $2,264 $5,784,233
Flatiron District 2,607 $2,625 $6,470,364
Fort George 1,563 $726 $1,033,143
Gramercy Park 2,157 $2,310 $4,695,000
Greenwich Village 3,143 $2,381 $7,143,889
Harlem 1,500 $610 $1,093,030
Hell's Kitchen 1,600 $1,875 $3,000,000
Inwood 1,322 $558 $772,000
Kips Bay 1,433 $1,176 $1,924,472
Lenox Hill 2,363 $2,521 $6,108,808
Lincoln Square 1,922 $2,317 $4,590,378
Lower East Side 1,630 $2,000 $3,260,000
Manhattan Valley 1,578 $1,612 $2,622,788
Midtown Center 2,890 $3,723 $10,416,619
Midtown East 2,188 $2,272 $4,945,938
Midtown South Central 2,595 $2,220 $5,511,247
Morningside Heights 1,292 $1,033 $1,398,000
NoHo 3,397 $2,888 $9,192,857
NoLita 3,446 $3,464 $12,966,667
SoHo 2,753 $2,532 $6,985,083
Sutton Place 2,090 $1,367 $3,195,875
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,456 $2,671 $6,336,758
Tudor City N/A N/A $1,750,000
Two Bridges 840 $1,048 $880,000
Union Square 2,751 $2,543 $6,923,571
Upper East Side 2,419 $2,374 $5,801,882
Upper West Side 1,937 $1,877 $4,016,600
Washington Heights 1,360 $558 $785,617
West Village 2,709 $2,889 $6,167,357
Yorkville 1,944 $1,542 $2,848,947
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,488 $1,135 $3,016,250
Battery Park City 3,011 $2,202 $7,085,833
Bowery 4,236 $4,426 $18,750,000
Central Park 1,945 $1,694 $3,295,000
Chelsea 4,048 $2,764 $11,595,833
Clinton 4,181 $3,181 $9,938,572
East Harlem 4,022 $1,783 $7,210,833
Financial District 2,919 $1,847 $5,203,404
Flatiron District 3,459 $2,700 $9,532,500
Fort George N/A N/A $1,175,000
Garment District 3,794 $1,107 $4,575,000
Gramercy Park 5,358 $3,536 $15,841,667
Greenwich Village 5,702 $3,097 $19,205,833
Harlem 2,000 $700 $1,366,800
Hell's Kitchen 3,400 $1,723 $3,413,000
Lenox Hill 3,826 $2,765 $12,538,731
Lincoln Square 4,218 $3,401 $16,046,645
Little Italy 4,008 $936 $3,750,000
Manhattan Valley 2,112 $1,728 $3,658,750
Midtown Center 4,154 $4,086 $16,524,000
Midtown East 4,038 $2,184 $8,957,636
Midtown South Central 3,819 $2,173 $7,983,714
Morningside Heights 1,100 $408 $449,000
NoHo 4,583 $1,418 $6,500,000
NoLita 4,119 $3,247 $13,375,000
SoHo 5,329 $3,080 $15,520,385
Sutton Place 4,595 $1,920 $9,323,889
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,474 $3,192 $14,317,927
Tudor City N/A N/A $2,350,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 4,045 $3,040 $12,580,815
Upper West Side 3,512 $2,287 $7,492,327
Washington Heights 2,177 $476 $1,039,800
West Village 3,871 $3,373 $13,518,500
Yorkville 3,095 $1,666 $6,089,958

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: $4,337,444 | Avg Size: 1,929 Sqft | Avg Price / Sqft: $1,897
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2 br
2 ba
1,584 sq
Condo
2,495,000
$1,575/sq
1 br
1 ba
782 sq
Condo
789,000
$1,009/sq
 
3 br
2.5 ba
2,100 sq
Co-op
2,850,000
$1,357/sq
 
1 br
1 ba
708 sq
Condo
750,000
$1,059/sq
 
44 East 12th Street 6E
Greenwich Village
1 br
1.5 ba
975 sq
Condo
1,625,000
$1,667/sq
 
1 br
1 ba
n/a
Condo
205,000
Studio
1 ba
n/a
Co-op
329,000
 
9 br
1.5 ba
4,500 sq
Co-op
22,000,000
$4,889/sq
 
4 br
3 ba
2,400 sq
Co-op
1,899,000
$791/sq
 
40 Broad Street 23A
Financial District
1 br
1.5 ba
941 sq
Condo
1,250,000
$1,328/sq
 
1 br
1 ba
1,000 sq
Co-op
850,000
$850/sq
 
2 br
2.5 ba
1,967 sq
Condo
2,750,000
$1,398/sq
 
1 br
1 ba
n/a
Co-op
425,000
 
n/a
n/a
5,148 sq
House
7,200,000
$1,399/sq
 
2 br
1 ba
625 sq
Co-op
569,000
$910/sq
 
2 br
2 ba
1,060 sq
Condo
913,000
$861/sq
 
2 br
2.5 ba
1,938 sq
Condo
6,030,000
$3,111/sq
 
3 br
2.5 ba
n/a
Co-op
1,375,000
 
2 br
2 ba
2,500 sq
Co-op
6,995,000
$2,798/sq
 
3 br
2 ba
n/a
Condo
3,000,000
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 869 1620 11284
All Midtown 2809 5519 21513
All Uptown 312 699 13347
Alphabet City 19 81 943
Battery Park City 61 93 77
Bowery 13 56 713
Central Park 3 2 65
Chelsea 161 521 2352
Chinatown 14 39 660
Civic Center 2 2 16
Clinton 188 578 1632
East Harlem 59 163 3338
East Village 34 173 2014
Financial District 196 454 630
Flatiron District 54 82 394
Fort George 47 72 894
Garment District 21 42 291
Governors Island 0 0 0
Gramercy Park 65 71 659
Greenwich Village 113 194 1040
Hamilton Heights 8 31 674
Harlem 108 244 5105
Hell's Kitchen 26 201 251
Inwood 16 21 564
Kips Bay 73 194 900
Koreatown 7 11 135
Lenox Hill 442 338 1923
Liberty Island 0 0 0
Lincoln Square 199 748 824
Little Italy 3 8 175
Lower East Side 25 69 820
Manhattan Valley 54 219 563
Manhattanville 0 17 340
Marble Hill 0 0 170
Marcus Garvey 0 0 30
Meatpacking District 0 0 54
Midtown Center 141 145 817
Midtown East 215 219 957
Midtown South Central 88 246 799
Morningside Heights 35 68 1004
Murray Hill, Manhattan 94 315 510
NoHo 20 22 239
NoLita 17 30 299
Roosevelt Island 6 19 17
SoHo 81 107 1056
Stuyvesant Town - Peter Cooper Village 0 34 194
Sutton Place 82 68 131
Theater District - Times Square 28 85 238
TriBeCa 170 146 1002
Tudor City 35 24 23
Two Bridges 2 3 124
Union Square 16 22 115
Upper East Side 980 1082 6278
Upper West Side 532 1577 4772
Washington Heights 39 83 1398
West Village 118 224 2365
Yorkville 171 441 1854
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