New - 1 minute on Rocket
$10,000 Closing Credit¹
#RLS11030222, Brett Michaels, Listing Office: Compass
Midtown Manhattan Housing Market Report December 2024•New York County, New York
Housing Prices in Midtown Manhattan, NY
How much do homes in Midtown Manhattan, NY cost?
Housing Market Conditions
Is Midtown Manhattan, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Midtown Manhattan is a Buyer's Market
Difference Since December 2023
Since last year, Midtown Manhattan has remained a Buyer's Market.
Insight
Midtown Manhattan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$1,297,968$1,436/SqFt
-$1,740
-0.1%
Based on all homes sold in the last 12 months
Insight
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 $1,297,968 in December 2024, down 0.1% from last year, and the median price per square foot was $1,436.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Theater District | $900K | $900K | 0.0% |
| Midtown Manhattan | $1.2M | $1.2M | -0.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $849.9K | $808.4K | -4.9% |
| 22 Bedrooms | $1.7M | $1.6M | -4.4% |
| 55+ Bedrooms | $9.4M | $7.4M | -21.7% |
| 33 Bedrooms | $3.8M | $3.4M | -11.7% |
| 44 Bedrooms | $5.1M | $5.8M | +12.6% |
Summary: Midtown Manhattan housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -4.9%. The home price for 2 bedroom homes decreased by -4.4%. The home price for 5 bedroom homes decreased by -21.7%. The home price for 3 bedroom homes decreased by -11.7%. The home price for 4 bedroom homes increased by +12.6%.
Housing supply in Midtown Manhattan, NY
How many homes are available in Midtown Manhattan, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,745Last MonthDec 2024 | ||
| 1,9832 months agoNov 2024 | -12.0 % Change MoMNov – Dec |
Summary: The Midtown Manhattan real estate market had 1,745 homes for sale in Dec 2024, a 12.0 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 147Last MonthDec 2024 | ||
| 1762 months agoNov 2024 | -16.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 774 | 652 | -15.8% |
| 22 Bedrooms | 674 | 596 | -11.6% |
| 55+ Bedrooms | 80 | 72 | -10.0% |
| 33 Bedrooms | 311 | 285 | -8.4% |
| 44 Bedrooms | 144 | 140 | -2.8% |
Summary: Midtown Manhattan housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -15.8%. The inventory for 2 bedroom homes decreased by -11.6%. The inventory for 5 bedroom homes decreased by -10.0%. The inventory for 3 bedroom homes decreased by -8.4%. The inventory for 4 bedroom homes decreased by -2.8%.
Asking Price vs. Sold Price
How much do homes in Midtown Manhattan, NY cost?
Over Asking Price2 Homes
At Asking Price127 Homes
Under Asking Price18 Homes
Insight
If you're buying a home in Midtown Manhattan, expect to pay close to the asking price. 86.4% of homes here sold near the asking price last month.
Summary: A total of 147 homes were sold or pending in Midtown Manhattan in December 2024, down by 16.5% month-over-month. Of the 147 sold homes, 12% were sold under asking, 86% were sold at asking, and 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?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Avg time on Rocket Homes in Midtown Manhattan has remained consistent over time.
Summary: During December 2024, 147 homes were sold in Midtown Manhattan; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 76 DaysThis YearDec 2024 | ||
| 139 Days1 year agoDec 2023 | -45.3 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Midtown Manhattan had an average listing age of 76 days in Dec 2024, down by 45.3% compared to the previous year.
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Newest Listings in Midtown Manhattan, NY
What homes are available in Midtown Manhattan, NY?
New - 10 minutes on Rocket
$3,681 Closing Credit¹
#RLS11030194, Patrick Ben Hayoun, Listing Office: Douglas Elliman Real Estate
New - 10 minutes on Rocket
$9,025 Closing Credit¹
#RLS11030347, Charlotte VanDoren, Listing Office: Corcoran Group
New - 10 minutes on Rocket
$10,000 Closing Credit¹
#RLS11030470, Dustin Crouse, Listing Office: Douglas Elliman Real Estate
New - 10 minutes on Rocket3D tour
#RLS11030398, LORETTA SHANAHAN, Listing Office: Douglas Elliman Real Estate
New - 10 minutes on Rocket
#RLS11030422, 430 East 58th Street Sales Office, Listing Office: Corcoran Sunshine Marketing Group
New - 10 minutes on Rocket
$10,000 Closing Credit¹
#RLS11030417, Natalie Eisen, Listing Office: Corcoran Group
New - 20 minutes on Rocket
$10,000 Closing Credit¹
#RLS11030453, Jason Lau, Listing Office: Corcoran Group
New - 20 minutes on Rocket
$6,828 Closing Credit¹
#RLS11030441, Christian Emanuel, Listing Office: Brown Harris Stevens Residential Sales LLC
New - 21 minutes on Rocket
$10,000 Closing Credit¹
#RLS11030405, Niccolo Riback, Listing Office: Corcoran Group
New - 30 minutes on Rocket
#RLS11030481, One United Nations Park Sales Office, Listing Office: Corcoran Sunshine Marketing Group
New - 31 minutes on Rocket
$8,894 Closing Credit¹
#RLS11030449, SCOTT SALTIEL, Listing Office: Douglas Elliman Real Estate
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Based on information from Real Estate Board of New York, OneKey MLS, Brooklyn 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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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: 1/23/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/24/2025, 5:20:47 AM 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: 1/24/2025, 5:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.