Manhattan, NY
Housing market overview · Updated weekly
$1.38Mmedian sale price
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
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
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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.
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