Washington Heights Real Estate Market Trends

Market Overview for Quarter 1, 2021


Median Sale Price

$590K

18% YoY


Median Price/Sqft

$612

-15% YoY


No. of Transactions

60

-13% YoY

Manhattan Median Sale Price

$1M

-1% YoY

In Quarter 1, the median home sale price in Washington Heights was $590K, an 18% increase year-over-year. A total of 60 properties changed hands, representing a 13% contraction compared to the same month last year. The median price per square foot as of Quarter 1 was $612, a -15% YoY change. In Manhattan, the median home sale price was $1M.

Washington Heights Neighborhood Map

Though less dense than other Manhattan neighborhoods, Washington Heights offers good transportation options. This neighborhood is home to ten outdoor parks, including Bennet Park - famous for including the highest natural point in Manhattan. The Cloisters museum, in Washington Heights' Fort Tryon Park, is one of the most important tourist attractions in North Manhattan.

Washington Heights Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Washington Heights

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Top most expensive neighborhoods in Manhattan

Washington Heights median price compared with other neighborhoods in Manhattan

Property values in Washington Heights are lower compared to the borough of Washington Heights overall.




Washington Heights median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,504,250
TriBeCa Manhattan $3,550,000
SoHo Manhattan $3,250,000
Hudson Square Manhattan $2,906,012
Civic Center Manhattan $2,760,000
NoLIta Manhattan $2,647,450
Central Park South Manhattan $2,147,500
NoHo Manhattan $1,935,000
Little Italy Manhattan $1,925,000
Garment District Manhattan $1,900,000
Flatiron District Manhattan $1,865,000
Chinatown Manhattan $1,733,179
NoMad Manhattan $1,623,500
Carnegie Hill Manhattan $1,500,000
West Village Manhattan $1,312,500
Two Bridges Manhattan $1,225,900
Greenwich Village Manhattan $1,165,000
Lenox Hill Manhattan $1,150,000
Gramercy Park Manhattan $1,119,375
Upper West Side Manhattan $1,100,000
Chelsea Manhattan $1,077,600
East Village Manhattan $1,049,500
Lincoln Square Manhattan $1,040,000
Theatre District - Times Square Manhattan $997,500
Financial District Manhattan $967,500
Central Midtown Manhattan $830,000
Yorkville Manhattan $824,000
Turtle Bay Manhattan $820,000
Sutton Place Manhattan $803,750
Manhattan Valley Manhattan $800,000
East Harlem Manhattan $790,000
Clinton - Hell's Kitchen Manhattan $779,500
Battery Park City Manhattan $762,900
Murray Hill Manhattan $750,000
Lower East Side Manhattan $728,000
Harlem Manhattan $705,000
Roosevelt Island Manhattan $676,551
Morningside Heights Manhattan $670,000
Koreatown Manhattan $645,000
Kips Bay Manhattan $597,000
Washington Heights Manhattan $590,000
Inwood Manhattan $535,000
Tudor City Manhattan $492,500

Residential Properties Sold in Washington Heights

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $695K 11% $690 -9% 7
Coops $582K 17% $612 -6% 52
Houses $2.3M - $565 - 1

The median house sale price in Washington Heights in Quarter 1 was relatively flat year-over-year at $2.3M. However, median condo prices in Washington Heights trended up 11% year-over-year to $695K. Median coop sale price in Washington Heights were $582K, a change of 17% year-over-year.

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Washington Heights Neighborhood Guide

There is far and away more George Washington history in New York City than any other American city. The hills of northern Manhattan island are where the general's troops built Fort Washington in the early days of the Revolutionary War. Settlement, in the form of country estates including one owned by naturalist painter John James Audubon, came in the 1850s. Waves of European immigrants began arriving in the early 20th century, settling in large apartment buildings constructed to accommodate them. Later, Washington Heights was a destination for Latin Americans, creating a lively multicultural vibe emblematic of the neighborhood today.

Architecture and landmarks

Many of the five- and six-story apartment buildings that were built pre-World War II remain in the core of Washington Heights, designed in elegant Renaissance Revival and Neo-Colonial styles. The oldest house in Manhattan is in the neighborhood - the Georgian-styled Morris-Jumel Mansion was raised by British colonel Roger Morris in 1765 and commandeered by Washington for his military headquarters during the war. Trinity Cemetery, the uptown expansion of celebrated Trinity Church at the head of Wall Street on Broadway, was established in the 1840s and designed by James Renwick of St. Patrick's Cathedral fame; Audubon is buried here. His former 20-acre estate is now a collection of five heritage Beaux Arts buildings. The defining structures of the neighborhood are the gleaming steel towers of the George Washington Bridge - the world's busiest motor vehicle bridge with more than 100 million vehicles a year using its 14 traffic lanes.

Transport

The New York City Subway keeps Washington Heights tethered to the beating pulse of the city below 155th Street with several options. The A and C trains of the IND Eight Avenue Line rumbles along Amsterdam Avenue and the IRT Broadway-Seventh Avenue Line has four stops in the neighborhood for the 1 train. More than a dozen bus lines ferry passengers across Washington Heights.

Schools

Washington Height is part of District 6 with more than a dozen elementary schools, many with dual-language instruction as 40 percent of students come to their education with English as a second language. The grand Neo-Colonial George Washington Education Campus houses four high schools for 9th to 12th grades.

Health

The New York-Presbyterian/Columbia University Medical Center on 168th Street provides emergency, primary, and specialty care in virtually every field of medicine with 738 beds.

Safety

Safety in Washington Heights is the responsibility of the 34th Precinct, which handles 12.7452 crimes per 1,000 residents. That places the neighborhood in the top quintile of the safest places to live in New York City.

Things to do

Washington Heights can function as its own self-contained community with its own newspaper (the Manhattan Times), its own arts scene (the Northern Manhattan Arts Alliance) and internationally-inspired shopping corridors. Residents have been satisfying their sweet teeth at Carrot Top Pastries on Broadway since 1979, scoring the city's best carrot cake.

The Hispanic Society of America in Audubon Terrace is open to the public as a museum and reference center for the study of Spanish and Portuguese culture. Washington Heights is a haven for outdoors pursuits with Highbridge Park, stretching along the Harlem River, drawing mountain bikers and the Fort Washington Armory boasting one of the country's best indoor track and field facilities.

There is plenty of passive recreation in the hills of the Hudson River and Harlem River parks as well, plus pleasant arboreal strolls in J. Hood Wright Park. And foot, bicycle and roller skate access to the George Washington Bridge is at 178th Street, linking into the Hudson River Greenway.