Market Overview for December, 2024
Median Sale Price
174.4% YoY
Median Price/Sqft
-21.1% YoY
No. of Transactions
28.6% YoY
Manhattan Median Sale Price
-1% YoY
What is the median sale price and median price per sq ft in East Harlem?
As of December, the median home sale price in East Harlem was $711K, up 174.4% year-over-year.
A total of 18 properties traded, representing a 28.6% year-over-year increase.
The median price per square foot in December was $798, a -21.1% YoY change.
The median home sale price in Manhattan was $1.1M.
Top most expensive neighborhoods in Manhattan
East Harlem median price compared with other neighborhoods in Manhattan
Property values in East Harlem are lower compared to the borough of East Harlem overall.
East Harlem median price compared with all the neighborhoods in Manhattan
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Hudson Yards | Manhattan | $7,498,750 |
| Central Park South | Manhattan | $6,000,000 |
| Chinatown | Manhattan | $4,103,914 |
| TriBeCa | Manhattan | $3,025,000 |
| SoHo | Manhattan | $2,950,000 |
| Chelsea | Manhattan | $2,500,000 |
| NoMad | Manhattan | $2,450,000 |
| Garment District | Manhattan | $2,187,500 |
| Carnegie Hill | Manhattan | $2,144,390 |
| Hudson Square | Manhattan | $2,121,210 |
| West Village | Manhattan | $1,975,000 |
| Two Bridges | Manhattan | $1,919,000 |
| Civic Center | Manhattan | $1,702,818 |
| NoLIta | Manhattan | $1,552,500 |
| Gramercy Park | Manhattan | $1,525,000 |
| Greenwich Village | Manhattan | $1,350,000 |
| Morningside Heights | Manhattan | $1,260,000 |
| Lenox Hill | Manhattan | $1,249,250 |
| Upper West Side | Manhattan | $1,150,000 |
| Flatiron District | Manhattan | $1,137,500 |
| East Village | Manhattan | $1,125,000 |
| Lincoln Square | Manhattan | $1,092,491 |
| Battery Park City | Manhattan | $1,038,500 |
| Financial District | Manhattan | $949,000 |
| Central Midtown | Manhattan | $940,000 |
| Sutton Place | Manhattan | $920,000 |
| Lower East Side | Manhattan | $908,888 |
| Roosevelt Island | Manhattan | $905,769 |
| Murray Hill | Manhattan | $880,500 |
| Theatre District - Times Square | Manhattan | $860,000 |
| Clinton - Hell's Kitchen | Manhattan | $822,500 |
| Yorkville | Manhattan | $742,500 |
| Manhattan Valley | Manhattan | $733,782 |
| East Harlem | Manhattan | $711,756 |
| Kips Bay | Manhattan | $595,000 |
| Harlem | Manhattan | $585,000 |
| Turtle Bay | Manhattan | $565,000 |
| Inwood | Manhattan | $450,000 |
| Washington Heights | Manhattan | $390,000 |
| Tudor City | Manhattan | $312,500 |
Residential Properties Sold in East Harlem
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $711K | 20.7% | $918 | -9.3% | 11 |
| Coops | $600K | 141.1% | $697 | - | 5 |
| Houses | $1.1M | - | $292 | - | 2 |
The median house sale price in East Harlem in December was relatively flat year-over-year at $1.1M. However, median condo prices in East Harlem trended up 20.7% year-over-year to $711K. Median coop sale price in East Harlem were $600K, a change of 141.1% year-over-year.
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East Harlem Neighborhood Guide
When the Lexington Avenue subway finally reached this far in the 1920s, the place where the Harlem River flows into the East River was originally a bastion of Italian and Sicilian immigrants. But many Puerto Ricans and Latin Americans began to move here and it soon acquired its famous nickname - Spanish Harlem. While the working class El Barrio neighborhood becomes increasingly diverse, it remains heavily influenced by the "Nuyorican" culture (New York plus Puerto Rican). Newcomers to the city have traditionally cast their eyes to East Harlem for affordable rents, but in recent years gentrifiers have been putting in down payments as well. They find a slice of classic New York here - after all, this is where you'll find the Stickball Hall of Fame on East 123rd Street honoring the quintessential NYC game
Architecture and landmarks
This was still farmland while New York was becoming the nation's most powerful city. But some of the original townhouses and apartment houses from the late 1800s and early 1900s are the best the city has to offer. The red brick Saint Cecilia Church on 106th Street from that time has been a touchstone for all of the diverse populations to enter El Barrio. Another architectural treasure is the former Fire Engine Company No. 53, two blocks away on 104th Street. A four-story Queen Anne and Romanesque Revival confection, it was one of 42 city fire stations designed by Napoleon LeBrun & Sons between 1879 and 1895. Another ornate firehouse from that era, at 120 East 125th Street, now houses the Caribbean Cultural Center African Diaspora Institute.
Transport
The 4, 5 and 6 trains service East Harlem all the way to 125th Street. Buses that run through the district include the M1, M2, M3, M4, M15, M35, M60, M96, M98, M101, M102, M103, M106, M116 and Bx15.
Schools
East Harlem offers a wide range of education options, including several highly rated charter schools such as the Harbor Science and Arts Charter School. Other strong schools include PS 83 Luis Munoz Rivera for PK-5 students and PS 171 Patrick Henry, a combination elementary and middle school that takes maximum advantage of grant-funded resources. Manhattan East School for Arts and Academics has been a magnet school since opening in 1981 and the Bilingual Bicultural School and PS 112 Jose Celso Barbosa are leaders in Spanish-English dual language instruction. TAG Young Scholars is a K-8 facility that is the city's most racially diverse school for gifted and talented students.
Health
The Metropolitan Hospital Center, part of the largest municipal healthcare system in the United States, has been in East Harlem since 1955. The facility emphasizes primary care in a culturally sensitive environment.
Safety
Public safety in East Harlem is the responsibility of the 23rd Precinct with 14.02 crimes per 1,000 residents in 2015, one of the lowest rates in Manhattan, and the 25th Precinct with a higher 23.73 crimes per 1,000 residents.
Things to do
East Harlem is on the shoulder of Central Park and a short jaunt across the Harlem River to Randall's Island Park and Ward's Island Park. Thomas Jefferson Park is the largest of the neighborhood parks and brings the community together in summer with an outdoor swimming pool, barbecue grills and picnic tables
The nightlife can be tame compared to other New York neighborhoods, but East Harlem does not lack for iconic dining. Rao's on 114th Street has been dishing out classic Southern Italian delights since 1896 and Patsy's Pizzeria has been a must-eat destination on 1st Avenue since 1933. Around the same time La Marqueta began as a marketplace for Latino pushcart vendors. It once boasted over 500 merchants before falling into decline, and has since been revived as a gateway to the Central and South American-influenced flavors of the neighborhood. The Casablanca Meat Market is as much a destination for the beehive of activity as for the prime cuts of meat.
The northern chunk of the world-famous Museum Mile along Central Park is situated in East Harlem, and such noteworthy institutions as the Museum of the City of New York and El Museo del Barrio are cornerstones of the neighborhood. Major league lacrosse and track & field are just a short distance away at Icahn Stadium on Randall's Island. The Spanish heritage of East Harlem has often been captured in the many outdoor murals that decorate the district. You can check out the best efforts of these street artists at The Graffiti Hall of Fame in the Jackie Robinson Educational Complex on East 106th Street.