Manhattan Real Estate Market Trends

Market Overview for Quarter 1, 2022


Median Sale Price

$1.2M

12% YoY


Median Price/Sqft

$1,412

12% YoY


No. of Transactions

4,163

37% YoY

New York City Median Sale Price

$760K

7% YoY

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

As of Quarter 1, the median home sale price in Manhattan was $1.2M, up 12% year-over-year. A total of 4163 properties traded, representing a 37% year-over-year increase. The median price per square foot in Quarter 1 was $1,412, a 12% YoY change. The median home sale price in New York City was $760K.

Manhattan Borough Map

Manhattan Median Sale Price

View: GraphTable

Median Sale Price Per Square Feet

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Real Estate Transactions in Manhattan

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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 $5,404,500
NoLIta Manhattan $4,750,000
TriBeCa Manhattan $3,725,000
NoHo Manhattan $3,672,500
SoHo Manhattan $3,600,000
Little Italy Manhattan $3,100,000
Hudson Square Manhattan $2,633,268
Central Park South Manhattan $2,550,000
Chinatown Manhattan $2,300,000
NoMad Manhattan $2,285,000
Carnegie Hill Manhattan $2,160,000
Flatiron District Manhattan $1,650,000
Chelsea Manhattan $1,584,000
Two Bridges Manhattan $1,582,287
West Village Manhattan $1,560,000
Upper West Side Manhattan $1,350,000
Greenwich Village Manhattan $1,327,500
Lincoln Square Manhattan $1,240,000
Lenox Hill Manhattan $1,160,000
Battery Park City Manhattan $1,139,750
Central Midtown Manhattan $1,095,000
Financial District Manhattan $1,040,000
Roosevelt Island Manhattan $1,035,000
Gramercy Park Manhattan $1,020,000
Lower East Side Manhattan $950,000
Theatre District - Times Square Manhattan $945,000
Garment District Manhattan $945,000
Manhattan Valley Manhattan $923,250
Clinton - Hell's Kitchen Manhattan $913,676
Civic Center Manhattan $912,000
East Village Manhattan $855,000
Sutton Place Manhattan $855,000
Marble Hill Manhattan $832,500
Yorkville Manhattan $818,750
Harlem Manhattan $799,326
Murray Hill Manhattan $795,000
East Harlem Manhattan $772,794
Koreatown Manhattan $760,000
Turtle Bay Manhattan $759,500
Kips Bay Manhattan $695,000
Morningside Heights Manhattan $635,000
Washington Heights Manhattan $582,000
Inwood Manhattan $452,500
Tudor City Manhattan $318,750

Residential Properties Sold in Manhattan

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.7M 13% $1K 15% 1929
Coops $815K 5% $1K 4% 2190
Houses $7.5M 38% $1K 20% 38

The median house sale price in Manhattan in Quarter 1 was $7.5M, up 38% year-over-year. Condo and coop prices in Manhattan trended similarly, with a median condo price of $1.7M, up 13% year-over-year, and the median coop sale price up 5 % year-over-year to $815K.

See also

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