$10,000 Closing Credit*
$2,100,000
2 Beds
•2 Full Baths
#COMP-1714001122283679449, Michael Franco, Listing Office: Compass
Is Midtown Manhattan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Midtown Manhattan has remained a Buyer's Market.
Key Takeaway
Midtown Manhattan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown Manhattan, NY
How much do homes in Midtown Manhattan, NY cost?
Median Sold Price
$1,279,642
$1,422/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,493(-1.2%)
Key Takeaway
Homes in Midtown Manhattan have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Midtown Manhattan was $1,279,642 in October 2024, down 1.2% from last year, and the median price per square foot was $1,422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $860K | $815.5K | -5.2% |
| 2 Bedrooms | $1.8M | $1.6M | -8.8% |
| 3 Bedrooms | $3.7M | $3.2M | -14.7% |
| 4 Bedrooms | $4.8M | $5.5M | +14.6% |
| 5+ Bedrooms | $9.4M | $6.4M | -30.9% |
Summary: Midtown Manhattan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 30.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown Manhattan | $1.2M | $1.2M | -1.2% |
| Koreatown | $2.2M | $1.6M | -25.6% |
Housing Supply in Midtown Manhattan, NY
How many homes are available in Midtown Manhattan, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,321 | 2,311 | -0.4% |
Summary: The Midtown Manhattan real estate market had 2,311 homes for sale in October 2024, a 0.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 928 | 911 | -1.8% |
| 2 Bedrooms | 813 | 799 | -1.7% |
| 3 Bedrooms | 348 | 355 | +2.0% |
| 4 Bedrooms | 138 | 145 | +5.1% |
| 5+ Bedrooms | 94 | 101 | +7.4% |
Summary: The Midtown Manhattan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 188 | 157 | -16.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
132 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown Manhattan, expect to pay close to the asking price. 84.1% of homes here sold near the asking price last month.
Summary: A total of 157 homes were sold or pending in Midtown Manhattan in October 2024, down by 16.5% month-over-month. Of the 157 sold homes, 15% were sold under asking, 84% were sold at asking, and 1% were sold over asking.
Days on Market for Midtown Manhattan, NY
How long does it take to sell a home in Midtown Manhattan, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 228 Days | 56 Days | -75.1% |
Summary: Homes in Midtown Manhattan had an average of 56 days on market in Oct 2024, down by 75.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Midtown Manhattan has remained consistent over time.
Summary: During October 2024, 157 homes were sold in Midtown Manhattan; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.