Manhattan, NY Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Manhattan, NY is $1.38M, up 6.8% year-over-year. Homes sell in an average of 89 days with 4,523 active listings. The market is currently a buyer's market.
$1.38Mmedian sale price
Is Manhattan a buyer's or seller's market?
Manhattan, NY is currently a buyer's market, based on 7.6 months of supply and homes selling in about 89 days. How we determine this →
Homes sold
595
Last 12 weeks
Days on market
89
Average pace
Active listings
4,523
7.6 months supply
Sale-to-list
99.2%
Below asking
Manhattan, NY market data
| Metric | Value |
|---|---|
| Median sale price | $1.38M |
| Median list price | $1.45M |
| Year-over-year price change | +6.8% |
| Average days on market | 89 days |
| Active inventory | 4,523 listings |
| Months of supply | 7.6 months |
| Sale-to-list price ratio | 99.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Manhattan housing market is currently classified as a buyer's market with a median sale price of $1.38M. Prices have risen 6.8% compared to last year, with homes spending an average of 89 days on market, indicating 7.6 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Manhattan
There are currently 4,523 homes listed for sale in Manhattan, New York. The median listing price is $1.4M.
Active listings
4,523
Homes on market
Median list price
$1.4M
Avg. days on market
89
Days until sale
New this week
1,130
Newly listed
Explore nearby cities in NY
Frequently asked questions
What is the average home price in Manhattan?
The median home sale price in Manhattan is $1.38M, up 6.8% from last year.
How long do homes stay on market in Manhattan?
Homes typically spend 89 days on market before going under contract.
Is Manhattan a buyer's or seller's market?
With 7.6 months of supply, Manhattan is currently a buyer's market.
Get Manhattan market alerts
Weekly updates on prices, inventory, and trends. Free forever.