Manhattan Real Estate Market Trends

Market Overview for Quarter 4, 2022


Median Sale Price

$1M

-8% YoY


Median Price/Sqft

$1,363

-4% YoY


No. of Transactions

3,012

-32% YoY

New York City Median Sale Price

$718K

-4% YoY

What is the median sale price and median price per sq ft in Manhattan?

In Quarter 4, the median home sale price in Manhattan was $1M, down 8% year-over-year. There were a total of 3012 transactions, representing a 32% drop compared to Quarter 4 last year. The median price per square foot was $1,363, a -4% YoY change. In Quarter 4, the median home sale price in New York City was $718K.

Manhattan Borough Map

Manhattan Median Sale Price

View: GraphTable

Median Sale Price Per Square Feet

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Real Estate Transactions in Manhattan

View: Graph Table

Top Boroughs in New York City

Manhattan median price compared with other neighborhoods in New York City

Manhattan property values are on the higher-end among all boroughs in NYC .




Most Expensive Neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,479,000
Central Park South Manhattan $5,237,500
NoHo Manhattan $4,600,000
SoHo Manhattan $3,727,500
TriBeCa Manhattan $3,500,000
Hudson Square Manhattan $2,500,000
NoMad Manhattan $2,200,000
NoLIta Manhattan $2,125,000
Carnegie Hill Manhattan $2,093,750
Little Italy Manhattan $1,825,000
Chinatown Manhattan $1,797,500
Two Bridges Manhattan $1,455,643
Greenwich Village Manhattan $1,392,500
Financial District Manhattan $1,355,000
Upper West Side Manhattan $1,345,000
Chelsea Manhattan $1,325,000
Theatre District - Times Square Manhattan $1,282,500
Battery Park City Manhattan $1,270,000
Garment District Manhattan $1,250,000
West Village Manhattan $1,180,000
Roosevelt Island Manhattan $1,150,687
Flatiron District Manhattan $1,145,000
Lincoln Square Manhattan $1,100,000
Lenox Hill Manhattan $1,075,000
East Village Manhattan $1,057,500
Gramercy Park Manhattan $1,013,158
Central Midtown Manhattan $990,000
Clinton - Hell's Kitchen Manhattan $980,000
Turtle Bay Manhattan $974,980
Lower East Side Manhattan $966,077
Civic Center Manhattan $859,500
Yorkville Manhattan $855,000
Sutton Place Manhattan $795,000
Murray Hill Manhattan $720,000
Kips Bay Manhattan $696,500
Koreatown Manhattan $687,500
Morningside Heights Manhattan $617,500
East Harlem Manhattan $585,000
Manhattan Valley Manhattan $510,000
Harlem Manhattan $499,500
Washington Heights Manhattan $397,500
Inwood Manhattan $394,500
Tudor City Manhattan $309,500

Residential Properties Sold in Manhattan

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.6M -7% $1K -6% 1305
Coops $737K -4% $967 -1% 1679
Houses $6.3M -30% $2K 1% 22

The median house sale price in Manhattan in Quarter 4 was $6.3M, down 30% year-over-year. Condo and coop prices in Manhattan trended similarly, with a median condo price of $1.6M, down 7% year-over-year, and the median coop sale price down -4 % year-over-year to $737K.

See also

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