Is Manhattan Valley, 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, Manhattan Valley has remained a Buyer's Market.
Key Takeaway
Manhattan Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manhattan Valley, NY
How much do homes in Manhattan Valley, NY cost?
Median Sold Price
$830,000
$1,270/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Manhattan Valley have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Manhattan Valley was $830,000 in April 2024, up 1.8% from last year, and the median price per square foot was $1,270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $630K | $692.5K | +9.9% |
| 2 Bedrooms | $818K | $825K | +0.9% |
| 3 Bedrooms | $1.9M | $2.3M | +22.4% |
| 4 Bedrooms | $3.4M | $3.3M | -5.4% |
| 5+ Bedrooms | - | $4.4M | N/A |
Summary: Manhattan Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 22.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Morningside Heights | $887.5K | $999.2K | +12.6% |
| Manhattan Valley | $815K | $830K | +1.8% |
| Central Harlem | $842.5K | $855K | +1.5% |
| Upper West Side | $1.4M | $1.4M | +1.1% |
Housing Supply in Manhattan Valley, NY
How many homes are available in Manhattan Valley, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 79 | +1.3% |
Summary: The Manhattan Valley real estate market had 79 homes for sale in April 2024, a 1.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 23 | -8.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Manhattan Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manhattan Valley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Manhattan Valley in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Manhattan Valley, NY
How long does it take to sell a home in Manhattan Valley, NY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Manhattan Valley are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 8 homes were sold in Manhattan Valley; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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