Market Overview for April, 2026
Median Sale Price
-4.7% YoY
Median Price/Sqft
2.3% YoY
No. of Transactions
32% YoY
Manhattan Median Sale Price
6% YoY
What is the median sale price and median price per sq ft in Kips Bay?
The median home sale price in Kips Bay as of April was $643K, down 4.7% year-over-year.
A total of 33 assets were sold, representing a 32% growth compared to April last year.
The median price per square foot was $1,145, a 2.3% YoY change.
In April, the median home sale price in Manhattan was $1.3M.
Top most expensive neighborhoods in Manhattan
Kips Bay median price compared with other neighborhoods in Manhattan
Property values in Kips Bay are lower compared to the borough of Kips Bay overall.
Kips Bay median price compared with all the neighborhoods in Manhattan
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Hudson Yards | Manhattan | $6,425,000 |
| TriBeCa | Manhattan | $4,137,500 |
| Hudson Square | Manhattan | $2,832,500 |
| SoHo | Manhattan | $2,800,000 |
| NoHo | Manhattan | $2,799,999 |
| Flatiron District | Manhattan | $2,275,000 |
| Upper West Side | Manhattan | $1,850,000 |
| West Village | Manhattan | $1,820,000 |
| Chelsea | Manhattan | $1,700,000 |
| Carnegie Hill | Manhattan | $1,690,000 |
| Greenwich Village | Manhattan | $1,687,500 |
| Central Midtown | Manhattan | $1,660,000 |
| Chinatown | Manhattan | $1,656,000 |
| NoMad | Manhattan | $1,500,000 |
| Gramercy Park | Manhattan | $1,427,500 |
| Financial District | Manhattan | $1,413,000 |
| Lincoln Square | Manhattan | $1,363,200 |
| Garment District | Manhattan | $1,292,500 |
| East Village | Manhattan | $1,235,000 |
| Clinton - Hell's Kitchen | Manhattan | $1,175,000 |
| Battery Park City | Manhattan | $1,150,000 |
| Yorkville | Manhattan | $1,120,380 |
| Lenox Hill | Manhattan | $1,110,000 |
| Lower East Side | Manhattan | $1,074,500 |
| Manhattan Valley | Manhattan | $1,050,000 |
| Central Park South | Manhattan | $997,885 |
| Two Bridges | Manhattan | $995,000 |
| Turtle Bay | Manhattan | $925,000 |
| Theatre District - Times Square | Manhattan | $917,500 |
| Sutton Place | Manhattan | $887,000 |
| East Harlem | Manhattan | $793,216 |
| Murray Hill | Manhattan | $755,000 |
| Morningside Heights | Manhattan | $705,000 |
| Harlem | Manhattan | $655,000 |
| Kips Bay | Manhattan | $643,500 |
| Roosevelt Island | Manhattan | $570,000 |
| Washington Heights | Manhattan | $533,245 |
| Inwood | Manhattan | $470,000 |
| Tudor City | Manhattan | $342,500 |
Residential Properties Sold in Kips Bay
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $1.1M | -11.5% | $1K | 2.4% | 9 |
| Coops | $555K | 7.4% | $1K | 59.2% | 24 |
| Houses | - | - | - | - | 0 |
The median condo price in Kips Bay in April was $1.1M, down 11.5% year-over-year. Median coop sale price in Kips Bay were $555K, a change of 7.4% year-over-year. There was no statistically significant data for median house sale price activity for the period of April in Kips Bay.
Discover market trends in other boroughs in New York City
Discover market trends in other popular cities across the U.S
Fair use and redistribution
We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.
Kips Bay Neighborhood Guide
Kips Bay is a haven for Manhattanites who do not want their personal identities tied to a brand name neighborhood. In fact, the identity of Kips Bay is so amorphous that ask any two residents about its present-day boundaries along the East River in Midtown and you are likely to get two very different answers. The lower price tags of Kips Bay housing make the area a transitional move for many - either on their way up to trendier neighborhoods or a refuge for those priced out of suddenly "hot" communities. With its proximity to the United Nations, Kips Bay projects a strong international vibe from the infusion of residents tied to the world's diplomatic service.
Architecture and landmarks
Kips Bay had a role in the Revolutionary War - British forces landed here in September 1776, drove out patriot resistance and occupied the city. A rare clapboard survivor of 18th century Manhattan stands at 203 East 29th Street, although the gable-front vernacular structure has been much altered over the years. Industrialist Henry Phipps, a partner of steel magnate Andrew Carnegie, built a trio of six-story apartment buildings for tenants of modest income in 1906. Today Phipps Houses continues to build high-rise affordable housing in Kips Bay although the original Phipps Houses gave way to an early Brutalist project by iconic modernist architect I.M. Pei in the 1960s. This comprises the Kips Bay Towers, a pair of 20-story apartment buildings that were the keystone of an aggressive urban renewal push in the neighborhood. And in what may be destined to become a future landmark, Carmel Place opened in 2016 as New York's City's first foray into micro-housing. An initiative of the Michael Bloomberg administration, the 55-story complex features modular living units of between 260 and 360 square feet.
Transport
The Lexington Avenue subway line that runs right outside the Kips Bay western boundary offers stops at 23rd, 28th and 33rd streets. Bus routes include the M9, M15, M15 SBS, M23 SBS, and M34A SBS. For residents commuting to Queens, the East 34th Street ferry service makes for a quick cross over the East River.
Schools
A part of District 2, Kips Bay is served by the Mary Lindley Murray School, P.S. 116, and the American Sign Language and English Secondary School. Kips Bay is also home to the famous UN International School, a private institution preparing the next generation of Ivy League freshmen. Post-secondary education students can take advantage of Baruch College, one of ten senior colleges of The City University of New York, which has operated since 1847 as the nation's oldest institution of free public higher education.
Health
"Bedpan Alley," a row of major hospitals, rests on the doorstep of Kips Bay and occupies some 20 city blocks. Some of the facilities located within the neighborhood boundaries are the NYU Clinical Cancer Center, Bellevue Hospital Center, Tisch Hospital and the VA NY Harbor Healthcare System.
Safety
Kips Bay is in the hands of the 13th Precinct. According to crime reports there were 20.07 crimes per 1,000 residents, placing the neighborhood about in the middle of Manhattan safety rankings.
Things to do
Shopping is a prime diversion in Kips Bay. Several national big box chains have stores here and the Dover Street Market at the corner of East 30th Street and Lexington Avenue boasts seven floors of high-end fashion outlets. While on Lexington Avenue take advantage of a bevy of boutique spice purveyors and Turkish/Indian cuisine that have earned the retail pocket the nickname of Curry Hill.
Mets fans used to grabbing a barbecue sandwich at Citi Field from Blue Smoke can find Danny Meyer's flagship restaurant of slow-cooked, smoked meats in the finest traditions of the American South on 27th Street. After-dark options attract a youngish crowd where you will rarely be in competition with tourists for tables. Strolling along the East River brings iconic cityscape views and is a front row seat for any city celebration offering fireworks.
Serious recreation and people-watching will require a short hop to Madison Square Park or Union Square, but Vincent Albano Park provides playground equipment and benches for relaxing. The Asser Levy Recreation Center on 23rd Street, which requires a nominal annual membership fee, offers more extensive facilities and indoor/outdoor swimming pools