Manhattan Housing Market Report April 2025•New York County, New York

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Housing Prices in Manhattan, NY

How much do homes in Manhattan, NY cost?

Housing Market Conditions

Is Manhattan, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Manhattan is a Buyer's Market

Difference Since April 2024

Since last year, Manhattan has remained a Buyer's Market.

Insight

Manhattan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,384,754$1,405/SqFt
+$32,216
+2.4%

Based on all homes sold in the last 12 months

Insight

Homes in Manhattan have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Manhattan was $1,384,754 in April 2025, up 2.4% from last year, and the median price per square foot was $1,405.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Weehawken
+4.8%
Weehawken Township
+4.8%
Manhattan
+2.4%
Hoboken
+1.1%
West New York
-2.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1$805.2K$810.9K
+0.7%
2$1.5M$1.6M
+1.8%
3$2.9M$2.8M
-4.4%
4$5.4M$4.7M
-11.9%
5$6.8M$7.6M
+11.9%

Summary: Manhattan housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +0.7%. The home price for 2 bedroom homes increased by +1.8%. The home price for 3 bedroom homes decreased by -4.4%. The home price for 4 bedroom homes decreased by -11.9%. The home price for 5 bedroom homes increased by +11.9%.

How does Manhattan, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Manhattan, NY

Housing supply in Manhattan, NY

How many homes are available in Manhattan, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7,443Last MonthApr 2025
7,2662 months agoMar 2025
+2.4 %
Change MoMMar – Apr

Summary: The Manhattan real estate market had 7,443 homes for sale in Apr 2025, a 2.4 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
529Last MonthApr 2025
5792 months agoMar 2025
-8.6 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
12,5092,501
-0.3%
22,4362,508
+3.0%
31,2621,296
+2.7%
4564605
+7.3%
5495533
+7.7%

Summary: Manhattan housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -0.3%. The inventory for 2 bedroom homes increased by +3.0%. The inventory for 3 bedroom homes increased by +2.7%. The inventory for 4 bedroom homes increased by +7.3%. The inventory for 5 bedroom homes increased by +7.7%.

Asking Price vs. Sold Price

How much do homes in Manhattan, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price8 Homes

At Asking Price454 Homes

Under Asking Price67 Homes

Insight

If you're buying a home in Manhattan, expect to pay close to the asking price. 85.8% of homes here sold near the asking price last month.

Summary: A total of 529 homes were sold or pending in Manhattan in April 2025, down by 8.6% month-over-month. Of the 529 sold homes, 13% were sold under asking, 86% were sold at asking, and and 2% were sold over asking.

Days on Market for Manhattan, NY

How long does it take to sell a home in Manhattan, NY?

Breakdown of Home Sale Times

Under 30 Days64 Homes

30 – 90 Days60 Homes

Over 90 Days405 Homes

Insight

Most homes in Manhattan are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2025, 529 homes were sold in Manhattan; 12% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 77% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
202 DaysThis YearApr 2025
192 Days1 year agoApr 2024
+4.9 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Manhattan had an average listing age of 202 days in Apr 2025, up by 4.9% compared to the previous year.

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Newest Listings in Manhattan, NY

What homes are available in Manhattan, NY?

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Nearby markets

Popular Cities with Homes for Sale in New York

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Based on information from Real Estate Board of New York, OneKey MLS, Brooklyn MLS, Stellar MLS, and New Jersey MLS for the period 05/01/2023 - 05/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/13/2025, 10:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/13/2025, 10:11:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2025 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 5/13/2025, 10:20:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/13/2025, 10:19:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: 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. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/13/2025, 10:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.