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 Oct 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 682 $1,261 $723,548
1 Bed 852 $1,366 $1,045,641
2 Bed
1,449 $1,737 $2,429,812
3 Bed 2,261 $2,172 $4,983,774
4+ Bed 3,872 $2,800 $11,222,698
*Based on 5,547 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,932,172. The average price per square foot is $1,799. The average neighborhood home is 1,862 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,352 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 5547 homes for sale, including the following different types of property: 2633 condos / condominiums, 2592 coops, and 322 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 721 homes are single room studios, 1577 are one bedroom homes, 1524 are two bedroom homes, 874 are three bedroom homes and the rest are larger. While data is not available for all properties, 562 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, 1930 have air conditioning, 1629 offer city views, 2403 have concierge services inside the bulding, 4117 have a doorman, 4279 have elevator service, 370 have a fireplace, 8 of the listings are available furnished, 1276 have a gym or fitness center, 1518 have hardwood floors, 852 boast high ceilings, 183 have a jacuzzi, 3225 offer laundry services inside the building, 2756 have public outdoor space, 348 have park views, 2002 offer parking, 346 are penthouse apartments, 2264 allow pets, 972 have private outdoor space, 2409 offer storage, 767 have a swimming pool, 1597 have a washer / dryer inside the home, 856 have water views.

PRICE REDUCED HOMES:

There are currently 1,550 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 $1,031 $545,500
Bowery N/A N/A $399,000
Chelsea 1,524 $1,363 $1,531,058
Clinton 522 $1,462 $650,558
East Harlem 632 $1,032 $685,000
East Village 581 $1,806 $854,667
Financial District 679 $1,203 $778,617
Flatiron District 1,355 $1,546 $1,325,333
Fort George 492 $506 $259,750
Garment District 2,020 $1,433 $1,609,400
Gramercy Park 640 $1,097 $558,103
Greenwich Village 537 $1,063 $771,185
Harlem 423 $626 $257,333
Inwood 500 $425 $219,475
Kips Bay 529 $986 $506,929
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 645 $1,017 $676,792
Lincoln Square 596 $1,342 $644,854
Lower East Side 628 $662 $359,333
Manhattan Valley 551 $1,068 $588,944
Midtown Center 542 $1,161 $568,909
Midtown East 544 $887 $436,393
Midtown South Central 456 $1,527 $665,769
Morningside Heights 390 $385 $172,500
NoHo 900 $777 $699,000
Roosevelt Island 515 $980 $505,000
SoHo 594 $3,009 $1,711,301
Sutton Place 1,834 $1,022 $1,184,750
Theater District - Times Square 592 $1,427 $845,000
TriBeCa 2,327 $861 $2,031,667
Tudor City 352 $906 $319,070
Union Square N/A N/A $550,000
Upper East Side 727 $1,000 $799,540
Upper West Side 491 $1,056 $484,373
Washington Heights 794 $720 $559,125
West Village 446 $1,564 $707,111
Yorkville 586 $860 $451,515
  See how 1 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 845 $1,082 $720,222
Battery Park City 722 $1,135 $820,391
Bowery 1,250 $1,554 $1,272,500
Central Park 838 $1,187 $995,000
Chelsea 931 $1,599 $1,401,156
Civic Center 660 $726 $479,000
Clinton 850 $1,642 $1,312,135
East Harlem 811 $1,023 $756,763
East Village 819 $1,462 $1,074,813
Financial District 887 $1,616 $1,384,103
Flatiron District 888 $1,524 $1,245,733
Fort George 758 $597 $433,257
Garment District 768 $1,752 $1,650,462
Gramercy Park 736 $1,385 $930,139
Greenwich Village 777 $1,424 $1,138,804
Hamilton Heights 625 $440 $403,000
Harlem 722 $650 $440,179
Hell's Kitchen 1,783 $1,344 $1,325,200
Inwood 781 $338 $283,300
Kips Bay 749 $1,074 $707,097
Koreatown N/A N/A $1,895,000
Lenox Hill 838 $1,303 $1,078,440
Lincoln Square 822 $1,768 $1,237,046
Lower East Side 654 $953 $560,692
Manhattan Valley 762 $1,195 $832,821
Midtown Center 963 $1,661 $1,479,193
Midtown East 899 $1,079 $891,594
Midtown South Central 902 $1,465 $1,115,656
Morningside Heights 785 $653 $545,385
NoHo 1,205 $1,822 $2,195,000
NoLita 824 $2,466 $2,093,750
Roosevelt Island 817 $914 $711,600
SoHo 900 $2,389 $1,849,595
Sutton Place 966 $880 $835,685
Theater District - Times Square 933 $1,654 $1,279,000
TriBeCa 946 $1,786 $1,673,444
Tudor City 723 $832 $539,300
Union Square 767 $1,455 $998,333
Upper East Side 792 $1,003 $816,047
Upper West Side 722 $1,159 $806,211
Washington Heights 650 $757 $454,053
West Village 1,020 $1,920 $1,625,700
Yorkville 780 $940 $654,362
  See how 2 Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 1,212 $1,286 $1,431,133
Battery Park City 1,186 $1,439 $1,689,231
Bowery 1,463 $2,045 $2,130,182
Central Park N/A N/A $1,150,000
Chelsea 1,570 $1,975 $2,950,364
Chinatown 1,322 $1,587 $2,037,500
Civic Center 1,150 $739 $850,000
Clinton 1,395 $2,434 $3,460,977
East Harlem 1,229 $1,004 $1,495,906
East Village 1,201 $1,932 $2,070,400
Financial District 1,465 $1,760 $2,545,606
Flatiron District 1,581 $1,811 $2,793,500
Fort George 1,009 $539 $543,957
Garment District 1,182 $1,584 $1,782,143
Gramercy Park 1,377 $1,809 $2,542,904
Greenwich Village 1,644 $1,660 $2,353,819
Hamilton Heights 800 $406 $325,000
Harlem 1,112 $791 $810,210
Hell's Kitchen 1,016 $1,653 $1,618,333
Inwood 989 $477 $476,750
Kips Bay 1,218 $1,270 $1,458,333
Koreatown 1,473 $1,969 $2,559,000
Lenox Hill 1,512 $1,926 $3,004,020
Lincoln Square 1,346 $1,939 $2,591,383
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 1,265 $1,668 $1,585,200
Manhattan Valley 1,096 $1,287 $1,334,364
Manhattanville 650 $423 $262,500
Midtown Center 1,567 $2,075 $2,950,473
Midtown East 1,650 $1,627 $2,349,750
Midtown South Central 1,484 $1,862 $2,586,124
Morningside Heights 991 $912 $943,611
NoHo 2,102 $1,981 $3,982,667
NoLita 1,691 $2,310 $4,102,000
Roosevelt Island 1,249 $887 $1,099,500
SoHo 1,850 $2,121 $3,772,979
Sutton Place 1,445 $1,258 $1,834,595
Theater District - Times Square 1,428 $2,068 $2,925,385
TriBeCa 1,747 $2,217 $3,734,969
Tudor City 1,013 $837 $1,359,143
Union Square 1,914 $2,165 $3,755,714
Upper East Side 1,468 $1,722 $2,627,800
Upper West Side 1,320 $1,363 $1,644,520
Washington Heights 930 $600 $580,020
West Village 1,526 $2,052 $3,059,227
Yorkville 1,299 $1,231 $1,565,492
  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 $2,995,000
Battery Park City 1,829 $1,789 $3,135,389
Bowery 2,231 $3,530 $7,875,000
Chelsea 2,493 $2,589 $6,315,460
Chinatown 1,993 $1,390 $2,758,333
Clinton 1,943 $2,133 $4,901,046
East Harlem 1,728 $880 $1,751,000
East Village 1,927 $1,556 $2,999,000
Financial District 2,452 $2,282 $6,023,559
Flatiron District 2,917 $2,139 $5,965,000
Fort George 1,568 $620 $855,000
Garment District N/A N/A $1,350,000
Gramercy Park 2,365 $2,448 $5,474,500
Greenwich Village 2,644 $2,031 $5,463,667
Hamilton Heights 1,050 $476 $500,000
Harlem 1,426 $875 $1,120,204
Hell's Kitchen 1,725 $2,546 $4,500,000
Inwood 1,300 $576 $812,600
Kips Bay 1,538 $1,293 $2,109,648
Lenox Hill 2,280 $2,428 $5,517,918
Lincoln Square 2,005 $2,337 $4,673,145
Little Italy 2,133 $1,688 $3,600,000
Lower East Side 1,649 $1,187 $1,957,500
Manhattan Valley 1,562 $1,708 $2,449,000
Midtown Center 2,951 $3,838 $10,194,920
Midtown East 2,218 $2,130 $4,793,533
Midtown South Central 2,552 $2,513 $6,520,710
Morningside Heights 1,284 $1,094 $1,097,500
NoHo 2,736 $2,427 $6,266,333
NoLita 3,671 $3,737 $14,208,333
SoHo 2,716 $2,463 $6,719,630
Sutton Place 2,131 $1,360 $3,154,433
Theater District - Times Square 2,753 $2,373 $6,537,500
TriBeCa 2,505 $2,556 $6,128,114
Union Square 3,107 $2,702 $7,930,714
Upper East Side 2,351 $2,199 $5,439,678
Upper West Side 1,979 $1,876 $4,313,762
Washington Heights 1,392 $566 $814,129
West Village 2,650 $2,836 $7,008,389
Yorkville 2,055 $1,427 $2,968,558
  See how 4+ Bedrooms for Sale in Manhattan compare across all Manhattan neighborhoods.
AVG SIZE (SQFT) AVG PRICE / SQFT AVG PRICE
Alphabet City 2,925 $978 $2,890,750
Battery Park City 3,205 $2,367 $8,630,000
Bowery 4,236 $4,426 $18,750,000
Chelsea 3,480 $2,648 $9,540,529
Clinton 3,006 $4,991 $13,926,800
East Harlem 4,335 $1,813 $8,416,429
Financial District 2,953 $1,959 $5,642,029
Flatiron District 3,594 $2,018 $7,621,250
Gramercy Park 4,783 $4,014 $15,102,500
Greenwich Village 6,487 $4,005 $25,289,167
Harlem 2,616 $1,123 $1,876,800
Hell's Kitchen 3,333 $2,599 $8,546,154
Inwood 1,400 $528 $739,000
Lenox Hill 4,044 $2,829 $12,264,702
Lincoln Square 4,166 $3,464 $14,685,000
Little Italy 6,600 $4,772 $31,495,000
Lower East Side 2,090 $694 $1,450,000
Manhattan Valley 2,107 $1,578 $3,234,714
Midtown Center 4,012 $4,599 $18,610,000
Midtown East 3,767 $2,343 $8,446,071
Midtown South Central 3,762 $2,642 $10,662,455
Morningside Heights N/A N/A $3,049,500
NoHo 3,792 $1,625 $5,997,500
NoLita 4,078 $3,249 $13,250,000
SoHo 5,054 $2,686 $13,584,238
Sutton Place 3,843 $1,627 $7,378,545
Theater District - Times Square 3,280 $3,347 $12,044,400
TriBeCa 4,360 $3,100 $13,874,894
Tudor City N/A N/A $2,495,000
Union Square 3,585 $2,092 $7,500,000
Upper East Side 3,936 $2,620 $11,100,411
Upper West Side 3,569 $2,573 $10,900,429
Washington Heights 2,067 $578 $1,029,000
West Village 3,899 $3,433 $13,801,917
Yorkville 2,907 $1,532 $5,279,792

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: $3,932,172 | Avg Size: 1,862 Sqft | Avg Price / Sqft: $1,799
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530 Grand Street F7C
Lower East Side
1 br
1 ba
750 sq
Co-op
425,000
$567/sq
 
24 Fifth Avenue 1122
Greenwich Village
Studio
1 ba
n/a
Co-op
499,000
 
1965 Broadway PH3BC
Lincoln Square
8 br
9.5 ba
8,100 sq
Condo
42,000,000
$5,185/sq
 
2 br
1 ba
600 sq
Co-op
349,000
$582/sq
 
2 br
2.5 ba
1,253 sq
Condo
2,950,000
$2,354/sq
 
2 br
2.5 ba
n/a
Co-op
1,395,000
 
3 br
3.5 ba
2,213 sq
Condo
7,100,000
$3,208/sq
 
5 br
5 ba
3,206 sq
Condo
10,750,000
$3,353/sq
 
3 br
3 ba
n/a
Co-op
3,250,000
 
1 br
1 ba
n/a
Co-op
799,000
 
2 br
2 ba
1,314 sq
Condo
1,695,000
$1,290/sq
 
1 br
2 ba
1,300 sq
Co-op
1,295,000
$996/sq
 
2 br
2 ba
1,314 sq
Condo
2,200,000
$1,674/sq
 
1 br
1 ba
833 sq
Condo
850,000
$1,020/sq
 
2 br
2 ba
1,314 sq
Condo
1,825,000
$1,389/sq
 
1 br
1 ba
n/a
Co-op
895,000
 
1 br
1 ba
799 sq
Condo
880,000
$1,101/sq
 
Studio
3 ba
3,750 sq
Condo
5,995,000
$1,599/sq
 
1 br
1.5 ba
800 sq
Co-op
585,000
$731/sq
 
1 br
2 ba
1,662 sq
Condo
3,150,000
$1,895/sq
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 1211 2104 11284
All Midtown 3862 6229 21513
All Uptown 464 824 13347
Alphabet City 35 109 943
Battery Park City 55 139 77
Bowery 20 63 713
Central Park 3 4 65
Chelsea 255 554 2352
Chinatown 8 45 660
Civic Center 2 1 16
Clinton 250 581 1632
East Harlem 89 198 3338
East Village 67 223 2014
Financial District 261 603 630
Flatiron District 67 92 394
Fort George 61 88 894
Garment District 27 47 291
Governors Island 0 0 0
Gramercy Park 108 86 659
Greenwich Village 164 218 1040
Hamilton Heights 14 35 674
Harlem 160 298 5105
Hell's Kitchen 50 181 251
Inwood 30 33 564
Kips Bay 97 225 900
Koreatown 8 7 135
Lenox Hill 577 425 1923
Liberty Island 0 0 0
Lincoln Square 292 764 824
Little Italy 6 10 175
Lower East Side 36 94 820
Manhattan Valley 86 253 563
Manhattanville 2 17 340
Marble Hill 0 0 170
Marcus Garvey 0 1 30
Meatpacking District 0 0 54
Midtown Center 192 211 817
Midtown East 296 264 957
Midtown South Central 91 325 799
Morningside Heights 44 56 1004
Murray Hill, Manhattan 135 346 510
NoHo 25 34 239
NoLita 19 60 299
Roosevelt Island 10 27 17
SoHo 163 146 1056
Stuyvesant Town - Peter Cooper Village 0 35 194
Sutton Place 111 56 131
Theater District - Times Square 36 106 238
TriBeCa 216 165 1002
Tudor City 57 32 23
Two Bridges 0 4 124
Union Square 22 39 115
Upper East Side 1281 1300 6278
Upper West Side 776 1738 4772
Washington Heights 64 98 1398
West Village 169 299 2365
Yorkville 228 499 1854
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