Market Overview for August, 2023
Median Sale Price
-6% YoY
Median Price/Sqft
-6.5% YoY
No. of Transactions
-18% YoY
Manhattan Median Sale Price
-15% YoY
What is the median sale price and median price per sq ft in Harlem?
In August, the median home sale price in Harlem was $707K, down 6% year-over-year.
There were a total of 50 transactions, representing a 18% drop compared to August last year.
The median price per square foot was $909, a -6.5% YoY change.
In August, the median home sale price in Manhattan was $998K.
Top most expensive neighborhoods in Manhattan
Harlem median price compared with other neighborhoods in Manhattan
Property values in Harlem are lower compared to the borough of Harlem overall.
Harlem median price compared with all the neighborhoods in Manhattan
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Central Park South | Manhattan | $6,250,000 |
| Hudson Yards | Manhattan | $6,164,125 |
| SoHo | Manhattan | $2,946,750 |
| Hudson Square | Manhattan | $2,695,000 |
| TriBeCa | Manhattan | $2,495,000 |
| Flatiron District | Manhattan | $2,150,000 |
| NoMad | Manhattan | $2,129,763 |
| Chinatown | Manhattan | $1,862,500 |
| NoHo | Manhattan | $1,790,500 |
| Carnegie Hill | Manhattan | $1,650,000 |
| Two Bridges | Manhattan | $1,500,827 |
| Garment District | Manhattan | $1,350,000 |
| Greenwich Village | Manhattan | $1,255,000 |
| NoLIta | Manhattan | $1,225,000 |
| Lenox Hill | Manhattan | $1,172,500 |
| Central Midtown | Manhattan | $1,170,000 |
| Lincoln Square | Manhattan | $1,160,000 |
| West Village | Manhattan | $1,150,000 |
| Upper West Side | Manhattan | $1,057,500 |
| Financial District | Manhattan | $1,045,000 |
| Kips Bay | Manhattan | $979,000 |
| Civic Center | Manhattan | $940,000 |
| Battery Park City | Manhattan | $905,112 |
| Gramercy Park | Manhattan | $900,000 |
| Sutton Place | Manhattan | $835,000 |
| Lower East Side | Manhattan | $810,000 |
| East Village | Manhattan | $800,000 |
| Yorkville | Manhattan | $792,000 |
| Murray Hill | Manhattan | $787,500 |
| Clinton - Hell's Kitchen | Manhattan | $755,000 |
| Manhattan Valley | Manhattan | $723,500 |
| Morningside Heights | Manhattan | $720,000 |
| Chelsea | Manhattan | $718,750 |
| Harlem | Manhattan | $707,500 |
| Turtle Bay | Manhattan | $699,000 |
| East Harlem | Manhattan | $590,000 |
| Koreatown | Manhattan | $560,000 |
| Tudor City | Manhattan | $489,000 |
| Inwood | Manhattan | $384,000 |
| Washington Heights | Manhattan | $370,000 |
| Theatre District - Times Square | Manhattan | $225,000 |
Residential Properties Sold in Harlem
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $940K | 2.7% | $963 | -8.5% | 0 |
| Coops | $459K | 14.8% | $625 | -2.5% | 0 |
| Houses | - | - | - | - | 0 |
The median condo prices in Harlem remained flat year-over-year at $940K. Median coop sale price in Harlem were $459K, a change of 14.8% year-over-year. There was no statistically significant data for median house sale price activity for the period of August in Harlem.
See also
Manhattan Commercial Market Trends
Manhattan Multifamily Market Trends
Manhattan Retail Market Trends
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Harlem Neighborhood Guide
No neighborhood in New York City generates the question from outsiders "What's it like now?" more often than Harlem. Change is hard-wired into the space directly north of Central Park, so much so that an entire social movement took its name - the Harlem Renaissance of the 1920s put the community at the epicenter of African-American arts and culture in the world. In the 21st century Harlem again is transforming, buffeted by the forces of gentrification. So Little Caesars Pizza operates right next to Showmans Jazz Club on iconic 125th Street and there's a Banana Republic next to the Apollo Theater. Beer gardens have shouldered in beside decades-old soul food restaurants. Harlem is still one of NYC's liveliest neighborhoods with a unique street scene and a little bit of everything the city has to offer.
Architecture and landmarks
Central Harlem is infused with the staples of heritage New York City architecture - brownstones and townhouses rendered in Italianate, Neoclassical and Romanesque styles. The neighborhood's loftiest skyscraper, the Adam Clayton Powell Jr. State Office Building, rose in the modern Brutalist style in 1974. Landmarks abound, beginning with the Apollo Theatre where everyone from Louis Armstrong to Prince has taken the stage since 1914. A tour of the neighborhood's historical churches would fill a day: the First Corinthian Baptist Church and its show-stopping facade; the Abyssinian Baptist Church that was New York City's first African-American Baptist church when it opened in 1808; and the Mother African Methodist Episcopal Zion Church that started even earlier, in 1796, are just the beginning. Marcus Garvey Park honors the legendary civil rights pioneer and features the Harlem Fire Watchtower, the last surviving cast-iron lookout erected by the city in the 1850s.
Transport
The A, B, C and D trains reach all the way to 155th Street and the 2 and 3 trains service other points in the neighborhood. More than a dozen bus lines crisscross Central Harlem.
Schools
Education in Harlem is a tapestry of public schools, charter schools, magnet schools, parochial schools and private institutions that represent the diversity of the neighborhood. PS 368 Hamilton Heights School has mandatory classes in Arabic from second through fifth grades. The NY French American Charter School offers bilingual classes for primary students. Millions of dollars in federal grant money has set up over 3,000 Central Harlem students in magnet schools such as PS 185 Early Childhood Discovery and Design, and PS 208 Alain L. Locke Magnet School for Environmental Stewardship. More than 20 percent of Central Harlem students attend no-tuition charter schools where demand for classroom seats is so strong that annual lotteries are held.
Health
Harlem Hospital Center, with 286 beds, serves the community with preventive, primary and emergency care. A municipally-managed teaching hospital tied to Columbia University, the center also provides a wide range of secondary care from burns treatment to occupational therapy. It is considered one of the nation's largest training facilities for minority and female doctors.
Safety
Central Harlem is under the protection of the 28th Precinct in the southern section of the neighborhood and the 32nd Precinct further north. The 28th Precinct reported 21.1 crimes per 1,000 residents in 2015, and the 32nd - which is more heavily residential - a lower rate of 15.79 Together they rank somewhere in the middle of New York City's safety rankings.
Things to do
With some of the city's richest arts and culture locales, not too many people are moving to Harlem to spend all their time at home. Live music seven nights a week, including after hours, is a given in places like Jazz at Bill's Place and the Shrine. Paris Blues reigns as Harlem's oldest jazz dive bar. Ginny's Supper Club will make it seem like Prohibition-era speakeasies never closed.
The 125th Street Farmers Market anchors a culinary district awash in fabled chicken and waffle joints, soul food restaurants and bistros of world cuisine. The clothing shops on 125th Street are legendary and the fashion shows put on by the shoppers are every bit as beguiling. To get an overview of the entire Harlem scene, stop in The Studio Museum on West 125th Street that showcases African-American artists beginning with the Harlem Renaissance.
Marcus Garvey Park is the neighborhood's premier greenspace. Central Park is right across the street to the south and Morningside Park, Jackie Robinson Park and St. Nicholas Park are immediate neighbors to the west. The four parks -not counting Central Park - are collectively known as "Historic Harlem Parks" and account for nearly half of the open space in Central Harlem. Together they teem with playgrounds, ballfields, recreation centers and barbecuing areas.