Price per square foot in the neighborhoods I’ve reviewed currently range from a high in the $2,000s in downtown Manhattan to a low in the $200s in East Brooklyn.
Pricing
There are currently 9,157 listings on the market in Manhattan with a total dollar volume of $33.76B. The median price is $1,785,000 and the median price per square foot is $1,671.
Approximately 7% of listings are priced below $500K
24% of listings are between $500K – $1M
37% of listings are between $1M – $3M
14% of listings are between $3M – $5M
11% of listings are between $5M – $10M
7% of listings are $10M and above
Listing sizes with median prices
Approximately 11% of listings are studios with a median price of $610K
30% are 1 bedrooms with a median price of $949K
29% are 2 bedrooms with a median price of $1.995M
17% are 3 bedrooms with a median price of $3.985M
13% are 4+ bedrooms with a median price of $8.250M
Category of available listings
Approximately 50% of current listings are condos
41% of current listings are co-ops
3% of current listings are condo-ops
4% of current listings are multi-family properties
3% of current listings are townhouses
The downtown market remains the highest priced, with NoLita, SoHo, TriBeCa, and West Village all in the $2,000s per square foot.
NoMad and the Theater District are above $2K in the Midtown area.
Lincoln Square is the priciest area of the Upper West Side at the moment.
East Harlem pricing leads the Uptown pack.
In Northwest Brooklyn, Brooklyn Heights tops the chart at $1,425 per square foot.
Greenpoint and Williamsburg are (still) nearly tied for pricing.
East Brooklyn ranges from the lowest ppsf in my review – Brownsville at $292, to Bedford Stuyvesant at $583.
South Brooklyn’s highest ppsf is in Prospect Park South at $796.
Sunset park leads Southwest Brooklyn pricing at $685 per square foot.
Manhattan Beach leads Southeast Brooklyn pricing at $665 psf.
Long Island city leads Astoria by nearly $400 psf.
Current listings have Manhattan’s median price at nearly 6 times the median sales price in the Bronx, 3 times the median sales price in Queens and Staten Island, and 2 times the median sales price in Brooklyn.
