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 28, 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 $1,129 $694,952
1 Bed 821 $1,282 $970,841
2 Bed
1,424 $1,662 $2,353,139
3 Bed 2,236 $2,084 $4,790,462
4+ Bed 3,880 $2,835 $11,223,311
*Based on 4,753 active listings

Average Sales Stats:

Based on current sales data, the average price for a home in Manhattan is $3,506,741. The average price per square foot is $1,717. The average neighborhood home is 1,809 square feet, has 2 bedrooms and 2 bathrooms. In terms of condominiums, Manhattan condos carry an average monthly maintenance of $2,197 per month. The majority of homes in the neighborhood are in post war buildings.

CURRENT MARKET:

Manhattan currently has 4753 homes for sale, including the following different types of property: 2278 condos / condominiums, 2208 coops, and 267 townhouses (for example brownstones or other types of single or multi-family homes). Of these, 621 homes are single room studios, 1422 are one bedroom homes, 1309 are two bedroom homes, 688 are three bedroom homes and the rest are larger. While data is not available for all properties, 469 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, 1692 have air conditioning, 1488 offer city views, 2026 have concierge services inside the bulding, 3504 have a doorman, 3725 have elevator service, 303 have a fireplace, 10 of the listings are available furnished, 1135 have a gym or fitness center, 1257 have hardwood floors, 724 boast high ceilings, 161 have a jacuzzi, 2654 offer laundry services inside the building, 2504 have public outdoor space, 281 have park views, 1682 offer parking, 273 are penthouse apartments, 2298 allow pets, 837 have private outdoor space, 2090 offer storage, 609 have a swimming pool, 1347 have a washer / dryer inside the home, 854 have water views.

PRICE REDUCED HOMES:

There are currently 1,399 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 $1,044 $541,100
Bowery 300 $1,383 $404,333
Chelsea 1,357 $1,117 $923,875
Civic Center 525 $702 $369,000
Clinton 500 $1,337 $599,629
East Harlem 481 $952 $464,500
East Village 460 $1,489 $685,000
Financial District 696 $1,184 $802,531
Flatiron District 713 $1,463 $1,165,000
Fort George 542 $499 $252,167
Garment District 2,273 $1,407 $1,679,800
Gramercy Park 598 $1,141 $627,556
Greenwich Village 752 $1,094 $668,917
Harlem 405 $657 $286,000
Hell's Kitchen N/A N/A $335,000
Inwood 550 $362 $183,500
Kips Bay 534 $1,027 $495,455
Koreatown 4,608 $1,411 $3,347,500
Lenox Hill 864 $981 $764,642
Lincoln Square 574 $1,276 $756,926
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 567 $920 $481,390
Midtown South Central 591 $1,422 $670,357
Morningside Heights 320 $843 $223,333
NoHo 900 $777 $699,000
NoLita N/A N/A $200,000
SoHo 1,181 $1,901 $2,238,875
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 577 $950 $827,533
Upper West Side 546 $1,251 $515,318
Washington Heights 630 $865 $387,400
West Village 509 $1,602 $766,333
Yorkville 499 $860 $391,429
  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 $801,400
Bowery 1,124 $1,624 $1,166,167
Central Park 835 $1,317 $1,100,000
Chelsea 958 $1,608 $1,436,000
Chinatown 863 $1,385 $972,500
Clinton 794 $1,612 $1,186,632
East Harlem 682 $930 $627,059
East Village 581 $1,327 $871,231
Financial District 863 $1,579 $1,302,624
Flatiron District 785 $1,873 $1,307,385
Fort George 755 $566 $422,391
Garment District 761 $1,702 $1,211,875
Gramercy Park 747 $1,357 $949,036
Greenwich Village 938 $1,324 $1,163,173
Hamilton Heights 446 $930 $438,000
Harlem 675 $709 $423,033
Hell's Kitchen 727 $1,417 $1,007,120
Inwood 761 $373 $289,106
Kips Bay 733 $1,020 $706,610
Koreatown 1,925 $824 $1,728,333
Lenox Hill 843 $1,352 $1,031,668
Lincoln Square 769 $1,558 $1,095,323
Lower East Side 691 $777 $524,667
Manhattan Valley 794 $1,190 $873,667
Midtown Center 906 $1,568 $1,274,085
Midtown East 885 $1,050 $861,219
Midtown South Central 919 $1,497 $1,171,435
Morningside Heights 795 $579 $479,800
NoHo 985 $2,258 $2,499,500
NoLita 685 $2,657 $1,855,000
Roosevelt Island 817 $930 $756,333
SoHo 897 $1,666 $1,241,217
Sutton Place 865 $962 $865,212
Theater District - Times Square 917 $1,564 $1,251,827
TriBeCa 1,035 $1,766 $1,751,900
Tudor City 667 $910 $530,615
Two Bridges 568 $879 $499,000
Union Square 950 $1,253 $983,250
Upper East Side 807 $966 $858,855
Upper West Side 681 $1,113 $731,364
Washington Heights 680 $795 $487,250
West Village 936 $1,892 $1,476,620
Yorkville 752 $865 $614,732
  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 1,231 $1,514 $1,848,994
Bowery 1,276 $1,859 $2,287,800
Central Park N/A N/A $1,250,000
Chelsea 1,651 $2,031 $3,126,335
Chinatown 2,035 $1,328 $2,691,667
Civic Center 1,150 $721 $829,000
Clinton 1,369 $2,333 $3,105,227
East Harlem 1,090 $860 $1,318,696
East Village 1,277 $1,946 $2,061,857
Financial District 1,372 $1,750 $2,463,721
Flatiron District 1,532 $1,820 $2,641,417
Fort George 1,013 $560 $570,031
Garment District 1,236 $1,597 $2,151,286
Gramercy Park 1,708 $1,831 $3,244,400
Greenwich Village 1,612 $1,576 $2,577,267
Hamilton Heights 1,350 $463 $462,000
Harlem 1,054 $804 $780,744
Hell's Kitchen 1,045 $1,745 $1,796,056
Inwood 1,057 $483 $485,250
Kips Bay 1,248 $1,351 $1,443,700
Koreatown 1,494 $1,975 $2,365,000
Lenox Hill 1,531 $1,880 $2,953,344
Lincoln Square 1,351 $1,845 $2,707,786
Little Italy 3,418 $1,257 $4,295,000
Lower East Side 1,137 $1,229 $1,168,556
Manhattan Valley 1,089 $1,238 $1,311,643
Manhattanville 800 $580 $487,000
Midtown Center 1,519 $1,908 $2,783,563
Midtown East 1,559 $1,475 $2,043,263
Midtown South Central 1,312 $1,796 $2,243,522
Morningside Heights 1,035 $902 $915,950
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 2,155 $2,080 $3,974,920
Sutton Place 1,399 $1,341 $1,953,000
Theater District - Times Square 1,211 $1,745 $2,135,000
TriBeCa 1,726 $2,069 $3,308,740
Tudor City 1,500 $1,330 $1,126,286
Union Square 1,807 $2,018 $3,330,000
Upper East Side 1,463 $1,703 $2,604,789
Upper West Side 1,241 $1,229 $1,655,438
Washington Heights 929 $601 $583,876
West Village 1,568 $2,224 $2,966,077
Yorkville 1,302 $1,249 $1,611,773
  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 2,578 $2,415 $6,136,091
Chinatown 2,200 $1,361 $2,995,000
Clinton 2,071 $2,485 $5,564,363
East Harlem 1,377 $754 $1,917,500
East Village 1,927 $1,661 $3,200,000
Financial District 2,302 $1,718 $3,629,000
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 2,281 $1,621 $4,416,818
Harlem 1,616 $1,076 $1,521,215
Hell's Kitchen 1,717 $2,369 $4,166,333
Inwood N/A N/A $950,000
Kips Bay 2,008 $1,428 $2,807,000
Koreatown N/A N/A $1,650,000
Lenox Hill 2,394 $2,500 $5,918,133
Lincoln Square 1,968 $2,338 $5,130,267
Little Italy 2,133 $1,688 $3,600,000
Lower East Side 1,798 $959 $1,715,333
Manhattan Valley 1,438 $1,541 $1,971,059
Midtown Center 2,612 $3,509 $7,679,750
Midtown East 2,268 $1,764 $4,311,289
Midtown South Central 2,491 $2,693 $6,535,545
Morningside Heights 1,150 $787 $1,154,000
NoHo 2,728 $2,214 $5,664,000
NoLita 2,752 $3,116 $8,500,000
SoHo 2,819 $2,445 $6,696,833
Sutton Place 2,314 $1,170 $2,897,160
Theater District - Times Square 2,451 $2,244 $5,500,000
TriBeCa 2,478 $2,411 $5,747,265
Tudor City 1,300 $996 $1,210,000
Union Square 3,226 $2,557 $7,816,667
Upper East Side 1,995 $1,854 $5,153,098
Upper West Side 2,113 $1,852 $4,293,214
Washington Heights 1,227 $523 $678,345
West Village 3,013 $3,687 $9,473,889
Yorkville 2,046 $1,439 $3,135,734
  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 $1,001 $2,965,750
Battery Park City 3,357 $2,756 $9,998,333
Chelsea 3,486 $2,954 $11,049,313
Clinton 3,634 $5,244 $18,888,533
East Harlem 3,322 $1,810 $7,514,833
Financial District 2,731 $2,303 $6,290,000
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 $16,155,714
Harlem 2,462 $1,223 $2,114,000
Hell's Kitchen 3,164 $2,484 $8,471,429
Kips Bay 2,884 $1,520 $4,300,000
Lenox Hill 3,975 $2,697 $12,547,161
Lincoln Square 4,149 $3,515 $14,092,515
Little Italy 6,600 $4,772 $31,495,000
Manhattan Valley 1,838 $1,583 $2,863,250
Midtown Center 3,857 $4,383 $17,149,000
Midtown East 3,282 $1,806 $6,671,364
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 4,553 $2,632 $11,553,381
Sutton Place 3,833 $1,673 $5,759,143
TriBeCa 4,433 $3,103 $14,396,231
Union Square 3,585 $2,301 $8,250,000
Upper East Side 4,284 $2,778 $10,977,797
Upper West Side 3,848 $2,567 $10,146,233
Washington Heights 2,250 $588 $1,320,000
West Village 3,782 $3,246 $12,479,231
Yorkville 2,823 $1,562 $4,646,043

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: $3,506,741 | Avg Size: 1,809 Sqft | Avg Price / Sqft: $1,717
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1 br
2 ba
1,400 sq
Condo
2,200,000
$1,571/sq
 
1 br
1 ba
687 sq
Condo
412,200
$600/sq
 
350 West 42nd Street 4G
Garment District
Studio
1 ba
n/a
Condo
864,000
 
1 br
1 ba
700 sq
Co-op
595,000
$850/sq
3 br
3 ba
2,045 sq
Condo
5,899,000
$2,885/sq
 
1000 Park Avenue 8F
Upper East Side
2 br
1.5 ba
n/a
Co-op
1,695,000
 
2 br
2 ba
1,025 sq
Condo
1,625,000
$1,585/sq
 
3 br
3.5 ba
1,885 sq
Condo
3,800,000
$2,016/sq
 
n/a
n/a
n/a
House
6,500,000
 
1 br
1 ba
865 sq
Co-op
635,000
$734/sq
 
1 br
1 ba
599 sq
Condo
935,000
$1,561/sq
 
1 br
1 ba
794 sq
Condo
1,450,000
$1,826/sq
 
2 br
1.5 ba
1,000 sq
Co-op
1,075,000
$1,075/sq
325 Fifth Avenue 22G
Midtown South Central
1 br
1 ba
816 sq
Condo
1,295,000
$1,587/sq
5 br
5 ba
4,700 sq
Condo
5,000,000
$1,064/sq
 
1600 Broadway 20A
Theater District - Times Square
1 br
1 ba
889 sq
Condo
1,499,000
$1,686/sq
184 Thompson Street 6N
Greenwich Village
2 br
1 ba
833 sq
Condo
1,599,000
$1,920/sq
 
565 West 169th Street 5B
Washington Heights
2 br
1 ba
975 sq
Co-op
629,000
$645/sq
799 Park Avenue 1
Upper East Side
Studio
n/a
n/a
Co-op
1,350,000
 
2 br
2.5 ba
n/a
Condo
2,150,000
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Neighborhood Active Sales Active Rentals Addresses
All Downtown Manhattan 965 1895 11284
All Midtown 3354 4791 21513
All Uptown 426 683 13347
Alphabet City 29 98 943
Battery Park City 67 126 77
Bowery 14 65 713
Central Park 3 3 65
Chelsea 223 373 2352
Chinatown 8 21 660
Civic Center 3 0 16
Clinton 214 496 1632
East Harlem 78 154 3338
East Village 52 210 2014
Financial District 171 492 630
Flatiron District 57 97 394
Fort George 56 73 894
Garment District 23 51 291
Governors Island 0 0 0
Gramercy Park 93 86 659
Greenwich Village 133 212 1040
Hamilton Heights 7 30 674
Harlem 144 274 5105
Hell's Kitchen 65 132 251
Inwood 32 28 564
Kips Bay 93 143 900
Koreatown 9 8 135
Lenox Hill 517 391 1923
Liberty Island 0 0 0
Lincoln Square 272 357 824
Little Italy 7 19 175
Lower East Side 29 78 820
Manhattan Valley 79 213 563
Manhattanville 2 16 340
Marble Hill 1 1 170
Marcus Garvey 0 0 30
Meatpacking District 0 1 54
Midtown Center 162 202 817
Midtown East 250 252 957
Midtown South Central 85 220 799
Morningside Heights 43 41 1004
Murray Hill, Manhattan 118 233 510
NoHo 29 36 239
NoLita 16 55 299
Roosevelt Island 7 22 17
SoHo 121 145 1056
Stuyvesant Town - Peter Cooper Village 0 14 194
Sutton Place 90 27 131
Theater District - Times Square 24 110 238
TriBeCa 166 150 1002
Tudor City 45 38 23
Two Bridges 1 4 124
Union Square 19 40 115
Upper East Side 1118 1087 6278
Upper West Side 663 1179 4772
Washington Heights 64 67 1398
West Village 148 281 2365
Yorkville 213 359 1854
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