Is Upper Manhattan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Upper Manhattan has remained a Buyer's Market.
Housing Prices in Upper Manhattan, NY
How much do homes in Upper Manhattan, NY cost?
Median Sold Price
$1,250,785
$1,237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper Manhattan was $1,250,785 in April 2024, down 0.1% from last year, and the median price per square foot was $1,237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $725K | $710K | -2.1% |
2 Bedrooms | $1.3M | $1.3M | +1.4% |
3 Bedrooms | $2.4M | $2.3M | -4.0% |
4 Bedrooms | $4.2M | $4.6M | +10.3% |
5+ Bedrooms | $7.8M | $6.1M | -20.9% |
Summary: Upper Manhattan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 20.9%.
Median Sold Price Compared To Nearby Neighborhoods
Central Harlem | $842.5K | $855K | +1.5% |
Upper Manhattan | $1.2M | $1.2M | -0.1% |
Housing Supply in Upper Manhattan, NY
How many homes are available in Upper Manhattan, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,412 | 3,367 | -1.3% |
Summary: The Upper Manhattan real estate market had 3,367 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 983 | 971 | -1.2% |
2 Bedrooms | 1,063 | 1,032 | -2.9% |
3 Bedrooms | 689 | 680 | -1.3% |
4 Bedrooms | 339 | 332 | -2.1% |
5+ Bedrooms | 338 | 352 | +4.1% |
Summary: The Upper Manhattan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 4.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
245 | 264 | +7.8% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
219 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 264 homes were sold or pending in Upper Manhattan in April 2024, up by 7.8% month-over-month. Of the 264 sold homes, 16% were sold under asking, 83% were sold at asking, and 2% were sold over asking.
Days on Market for Upper Manhattan, NY
How long does it take to sell a home in Upper Manhattan, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 121 Days | +85.1% |
Summary: Homes in Upper Manhattan had an average of 121 days on market in Apr 2024, up by 85.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 264 homes were sold in Upper Manhattan; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.