New - 3 hours on RocketVideo tour
$6,531 Closing Credit¹
#RLS11026961, Jeanne Kempton, Listing Office: Compass
Manhattan Housing Market Report December 2024•New York County, New York
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?
Seller'sMarket
Buyer'sMarket
Manhattan is a Buyer's Market
Difference Since December 2023
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
$1,351,346$1,378/SqFt
-$1,071
-0.1%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in Manhattan has remained the same since last year.
Summary: The median home sold price in Manhattan was $1,351,346 in December 2024, down 0.1% from last year, and the median price per square foot was $1,378.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Weehawken Township | $880K | $938K | +6.6% |
| West New York | $685K | $725K | +5.8% |
| Weehawken | $880K | $930K | +5.7% |
| Hoboken | $857.8K | $890K | +3.7% |
| Manhattan | $1.3M | $1.3M | -0.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $814.5K | $801.5K | -1.6% |
| 22 Bedrooms | $1.5M | $1.5M | -3.1% |
| 33 Bedrooms | $3.0M | $2.8M | -6.1% |
| 44 Bedrooms | $5.1M | $4.9M | -4.5% |
| 55+ Bedrooms | $8.0M | $6.8M | -14.5% |
Summary: Manhattan housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -1.6%. The home price for 2 bedroom homes decreased by -3.1%. The home price for 3 bedroom homes decreased by -6.1%. The home price for 4 bedroom homes decreased by -4.5%. The home price for 5 bedroom homes decreased by -14.5%.
Housing supply in Manhattan, NY
How many homes are available in Manhattan, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5,106Last MonthDec 2024 | ||
| 5,9642 months agoNov 2024 | -14.4 % Change MoMNov – Dec |
Summary: The Manhattan real estate market had 5,106 homes for sale in Dec 2024, a 14.4 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 527Last MonthDec 2024 | ||
| 5152 months agoNov 2024 | +2.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2,020 | 1,678 | -16.9% |
| 22 Bedrooms | 1,946 | 1,654 | -15.0% |
| 33 Bedrooms | 1,056 | 908 | -14.0% |
| 44 Bedrooms | 513 | 463 | -9.7% |
| 55+ Bedrooms | 429 | 403 | -6.1% |
Summary: Manhattan housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -16.9%. The inventory for 2 bedroom homes decreased by -15.0%. The inventory for 3 bedroom homes decreased by -14.0%. The inventory for 4 bedroom homes decreased by -9.7%. The inventory for 5 bedroom homes decreased by -6.1%.
Asking Price vs. Sold Price
How much do homes in Manhattan, NY cost?
Over Asking Price9 Homes
At Asking Price449 Homes
Under Asking Price69 Homes
Insight
If you're buying a home in Manhattan, expect to pay close to the asking price. 85.2% of homes here sold near the asking price last month.
Summary: A total of 527 homes were sold or pending in Manhattan in December 2024, up by 2.3% month-over-month. Of the 527 sold homes, 13% were sold under asking, 85% 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 Days0 Home
30 – 90 Days5 Homes
Over 90 Days6 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 December 2024, 527 homes were sold in Manhattan; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 133 DaysThis YearDec 2024 | ||
| 82 Days1 year agoDec 2023 | +61.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Manhattan had an average listing age of 133 days in Dec 2024, up by 61.5% compared to the previous year.
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Newest Listings in Manhattan, NY
What homes are available in Manhattan, NY?
New - 3 hours on Rocket
#RLS11026711, Tricia Newell, Listing Office: Newell & Associates Ltd
New - 3 hours on Rocket
$4,572 Closing Credit¹
#RLS11027433, Matthew Vinci, Listing Office: Douglas Elliman Real Estate
New - 4 hours on Rocket
#RLS11027049, Marc Riedel, Listing Office: Serhant
New - 4 hours on Rocket
$6,828 Closing Credit¹
#RLS11026605, Mary Barbrack, Listing Office: Compass
New - 4 hours on Rocket
$8,194 Closing Credit¹
#RLS11026248, Eileen Foy, Listing Office: Compass
New - 5 hours on Rocket
$5,047 Closing Credit¹
#RLS11027021, Thomas Chandler, Listing Office: Brown Harris Stevens Residential Sales LLC
New - 5 hours on Rocket
#RLS11025417, Pamela D Arc, Listing Office: Compass
New - 5 hours on Rocket
$10,000 Closing Credit¹
#RLS11026575, Anya Levitov, Listing Office: Verus Real Estate Inc
New - 5 hours on Rocket
$10,000 Closing Credit¹
#RLS11026250, Eileen Foy, Listing Office: Compass
New - 5 hours on Rocket
$9,013 Closing Credit¹
#RLS11026696, Priscilla Tuohy, Listing Office: Douglas Elliman Real Estate
New - 12 hours on Rocket
$5,463 Closing Credit¹
#RLS11025555, Alexandra Carter, Listing Office: Corcoran Group
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Based on information from Real Estate Board of New York, OneKey MLS, Brooklyn MLS, California Regional MLS, and New Jersey MLS for the period 01/01/2023 - 01/01/2025
©2025 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/16/2025, 2:31:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 8:11:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
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Last updated on: 1/17/2025, 8:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
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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: 1/17/2025, 8:21:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.