$2,515,000
1,133 SqFt
1 Bed
•1 Full Bath, 1 Partial
#RPLU-618223250838, One High Line Sales Office, Listing Office: Corcoran Sunshine Marketing Group
Is Midtown Manhattan, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,295,000
$1,428/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,845(-0.3%)
Key Takeaway
The sold price of homes in Midtown Manhattan has remained the same since last year.
Summary: The median home sold price in Midtown Manhattan was $1,295,000 in November 2024, down 0.3% from last year, and the median price per square foot was $1,428.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $854.4K | $812.8K | -4.9% |
| 2 Bedrooms | $1.7M | $1.6M | -4.5% |
| 3 Bedrooms | $3.7M | $3.2M | -12.7% |
| 4 Bedrooms | $4.9M | $5.5M | +11.6% |
| 5+ Bedrooms | $9.7M | $6.9M | -29.0% |
Summary: Midtown Manhattan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 29%.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown Manhattan | $1.2M | $1.2M | -0.3% |
| Theater District | $945K | $935K | -1.1% |
| Koreatown | $2.2M | $1.5M | -29.2% |
Housing Supply in Midtown Manhattan, NY
How many homes are available in Midtown Manhattan, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,302 | 2,074 | -9.9% |
Summary: The Midtown Manhattan real estate market had 2,074 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 924 | 811 | -12.2% |
| 2 Bedrooms | 784 | 696 | -11.2% |
| 3 Bedrooms | 355 | 334 | -5.9% |
| 4 Bedrooms | 143 | 142 | -0.7% |
| 5+ Bedrooms | 96 | 91 | -5.2% |
Summary: The Midtown Manhattan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.2%, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 177 | 162 | -8.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
146 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. 90.1% of homes here sold near the asking price last month.
Summary: A total of 162 homes were sold or pending in Midtown Manhattan in November 2024, down by 8.5% month-over-month. Of the 162 sold homes, 9% were sold under asking, 90% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 117 Days | 147 Days | +25.3% |
Summary: Homes in Midtown Manhattan had an average of 147 days on market in Nov 2024, up by 25.3% compared to last year.
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 Midtown Manhattan are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 162 homes were sold in Midtown Manhattan; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% 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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