This month’s market update covers a range of Manhattan, Brooklyn, and Queens pricing as well as median sales prices across all NYC boroughs. The highest current price per square foot can be found in NoHo, where median prices are $2,750 per square foot, while the lowest prices can be found in Brownsville, where median prices are $293 per square foot.
There are currently 11,842 listings on the market in Manhattan with a total dollar volume of nearly $42B. The median price is $1,634,000 and the median price per square foot is $1,630.
Approximately 7% of listings are priced below $500K
24% of listings are between $500K – $1M
38% of listings are between $1M – $3M
13% 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 $615K
30% are 1 bedrooms with a median price of $960K
29% are 2 bedrooms with a median price of $2.09M
17% are 3 bedrooms with a median price of $3.9M
13% are 4+ bedrooms with a median price of $8.1M
Category of available listings
Approximately 51% of current listings are condos
42% of current listings are co-ops
3% of current listings are condo-ops
3% of current listings are multi-family properties
2% of current listings are townhouses
Downtown is led by Noho at $2,750 psf and trailed by the Financial District at $1,415 psf.
In Midtown the highest median ppsf can be found in NoMad at $2,182 and the lowest can be found in Sutton Place at $988 psf.
Lincoln Square remains priciest among UWS neighborhoods at $1,687 psf, with Manhattan Valley remaining most affordable at $1,223.
Uptown pricing is currently highest in Morningside Heights at $1,092 per square foot and lowest in Inwood at $531 per square foot.
DUMBO has the current highest ppsf at $1,386 in Northwest Brooklyn while Windsor Terrace is at $861 psf.
Bushwick is the priciest East Brooklyn neighborhood at the moment, with psf pricing at $623, while Brownsville remains lowest at $293 psf.
Southwest Brooklyn pricing is led by Dyker Heights at $668 per square foot while Coney Island is the most affordable at $615 per square foot.
Manhattan Beach is the priciest Southeast Brooklyn neighborhood at the moment with pricing at $665 psf while Canarsie is the most affordable at $336 psf.
Long Island City is currently at $1,218 psf while Astorias ppsf is $792.
At the time of publication, median prices vary greatly from nearly $1.7M in Manhattan to just under $300K in the Bronx.