Midtown Manhattan Housing Market Report January 2025•New York County, New York

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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?

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

Midtown Manhattan is a Buyer's Market

Difference Since January 2024

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

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.
$1,299,849$1,446/SqFt
-$18,922
-1.4%

Based on all homes sold in the last 12 months

Insight

Homes in Midtown Manhattan have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Midtown Manhattan was $1,299,849 in January 2025, down 1.4% from last year, and the median price per square foot was $1,446.

Median Sold Price By City

Median Sold Price By City
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
Midtown Manhattan
-1.4%
Theater District
-12.8%

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.
BedsJan 2024Jan 2025Change YoY
1$850K$800.1K
-5.9%
2$1.7M$1.7M
-4.0%
3$3.8M$3.4M
-10.3%
4$5.4M$5.6M
+3.7%
5$8.8M$7.4M
-15.9%

Summary: Midtown Manhattan housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.9%. The home price for 2 bedroom homes decreased by -4.0%. The home price for 3 bedroom homes decreased by -10.3%. The home price for 4 bedroom homes increased by +3.7%. The home price for 5 bedroom homes decreased by -15.9%.

Housing supply in Midtown Manhattan, NY

How many homes are available in Midtown 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
1,942Last MonthJan 2025
1,9712 months agoDec 2024
-1.5 %
Change MoMDec – Jan

Summary: The Midtown Manhattan real estate market had 1,942 homes for sale in Jan 2025, a 1.5 % decrease compared to Dec 2024.

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
183Last MonthJan 2025
1652 months agoDec 2024
+10.9 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
1790791
0.1%
2666645
-3.2%
3292288
-1.4%
4142135
-4.9%
58183
+2.5%

Summary: Midtown Manhattan housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by 0.1%. The inventory for 2 bedroom homes decreased by -3.2%. The inventory for 3 bedroom homes decreased by -1.4%. The inventory for 4 bedroom homes decreased by -4.9%. The inventory for 5 bedroom homes increased by +2.5%.

Asking Price vs. Sold Price

How much do homes in Midtown 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 Price3 Homes

At Asking Price164 Homes

Under Asking Price16 Homes

Insight

If you're buying a home in Midtown Manhattan, expect to pay close to the asking price. 89.6% of homes here sold near the asking price last month.

Summary: A total of 183 homes were sold or pending in Midtown Manhattan in January 2025, up by 10.9% month-over-month. Of the 183 sold homes, 9% were sold under asking, 90% were sold at asking, and and 2% 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 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Midtown Manhattan are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 183 homes were sold in Midtown Manhattan; 1% 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

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
16 DaysThis YearJan 2025
0 Days1 year agoJan 2024
0.0 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Midtown Manhattan had an average listing age of 16 days in Jan 2025, down by .0% compared to the previous year.

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Newest Listings in Midtown Manhattan, NY

What homes are available in Midtown Manhattan, NY?

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Nearby markets

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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 02/01/2023 - 02/01/2025

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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: 2/10/2025, 3:20:53 AM 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: 2/9/2025, 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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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: 2/10/2025, 3:20:47 AM 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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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: 2/10/2025, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.