About NYC: Manhattan Real Estate Market

The Manhattan real estate market is still going strong despite recent national trends. The residential rental market held steady after large increases in real estate value in 2007, showing how people are still looking for NYC apartments. In addition to these numbers, learn more about the Manhattan real estate market trends.

Current Manhattan Apartment Market Averages

  • Studio
  • $2,493.00
  • $1,985.00
  • $2,297.00
  • $1,333.00
  • $2,023.00
  • $2,077.00
  • $2,295.00
  • $1,763.00
  • $2,180.00
  • $2,508.00
  • $2,508.00
  • $1,848.00
  • $2,035.00
  • $2,458.00
  • $1,280.00
  • $2,386.00
  • 1BR
  • $3,414.00
  • $2,927.00
  • $3,268.00
  • $1,742.00
  • $2,297.00
  • $2,707.00
  • $3,202.00
  • $2,131.00
  • $2,883.00
  • $3,830.00
  • $3,830.00
  • $2,374.00
  • $2,556.00
  • $3,430.00
  • $1,545.00
  • $3,516.00
  • 2BR
  • $5,121.00
  • $3,521.00
  • $4,872.00
  • $2,120.00
  • $3,467.00
  • $3,767.00
  • $4,680.00
  • $3,032.00
  • $3,590.00
  • $6,160.00
  • $6,160.00
  • $3,431.00
  • $4,246.00
  • $4,912.00
  • $1,804.00
  • $4,733.00
  • 3BR
  • $5,920.00
  • $4,549.00
  • $5,824.00
  • $2,819.00
  • $4,294.00
  • $5,229.00
  • $5,771.00
  • $4,074.00
  • $4,938.00
  • $9,100.00
  • $9,100.00
  • $5,707.00
  • $6,338.00
  • $5,934.00
  • $2,334.00
  • $6,617.00

Fundamentals of the New York City real estate market remain strong, even with a decrease in the average sales of apartments, condiminiums and co-ops. The sales residential market saw slightly lower prices, with the biggest decreases coming on the larger real estate properties in Manhattan (3 bedroom and up). Inventory remained low.

Sales (2012)

  •  
  • CONDO
  • CO-OPS
  • Studio
  • $503,000
  • $348,000
  • 1BR
  • $809,000
  • $537,000
  • 2BR
  • $1,449,000
  • $1,080,000
  • 3BR+
  • $3,002,000
  • $2,502,000