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Featured local agent — Manhattan, NY
Sarah Mitchell
Compass Real Estate · Manhattan, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Manhattan, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.45Mmedian sale price
How is the Manhattan, NY housing market right now?
The median home sale price in Manhattan, NY is $1.45M, up 9.6% year-over-year. Homes sell in an average of 84 days with 5,715 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Manhattan a buyer's or seller's market?
Manhattan, NY is currently a buyer's market, based on 8.2 months of supply and homes selling in about 84 days. How we determine this →
Homes sold
698
Last 12 weeks
Days on market
84
Average pace
Active listings
5,715
8.2 months supply
Sale-to-list
99.4%
Below asking
What does the Manhattan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.45M |
| Median list price | $1.40M |
| Year-over-year price change | +9.6% |
| Average days on market | 84 days |
| Active inventory | 5,715 listings |
| Months of supply | 8.2 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $1,421/sq ft |
| Homes sold (latest month) | 698 |
| New listings (latest month) | 1,421 |
| Listings with a price cut | 27.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Manhattan by property type?
How the Manhattan, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $1.42M | $1,432/sq ft | 653 | 82 days |
| Townhouse | $2.90M | $1,440/sq ft | 19 | 110 days |
Source: Redfin · Updated monthly
The Manhattan housing market is currently classified as a buyer's market with a median sale price of $1.45M. Prices have risen 9.6% compared to last year, with homes spending an average of 84 days on market, indicating 8.2 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Manhattan
There are currently 5,715 homes listed for sale in Manhattan, New York. The median listing price is $1.4M.
Active listings
5,715
Homes on market
Median list price
$1.4M
Avg. days on market
84
Days until sale
New this week
1,421
Newly listed
Which cities are near Manhattan, NY?
Want a head-to-head view? Compare Manhattan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Manhattan?
The median home sale price in Manhattan is $1.45M, up 9.6% from last year.
How long do homes stay on market in Manhattan?
Homes typically spend 84 days on market before going under contract.
Is Manhattan a buyer's or seller's market?
With 8.2 months of supply, Manhattan is currently a buyer's market.
What is the median condo price in Manhattan?
The median condo/co-op sale price in Manhattan, NY is $1.42M, based on the latest Redfin data.
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