4-week rolling average · Data through March 12, 2026 · ZIP 10001
The Manhattan 10001 market is sitting at a balanced temperature with a temp position of 48, but the gap between the median list price of $2,695,000 and the median sale price of $1,695,000 signals significant negotiating room and realistic seller concessions. Homes are sitting on the market for a median of 59 days, and with 125 active sales listings versus 795 rental units available, rental demand appears to far outpace purchase activity. At $1,727.83 per square foot, this remains one of the most premium zip codes in the country.
| Beds | Sale Price | Rent |
|---|---|---|
| 1BR | $1.44M | $6K/mo |
| 2BR | $3.20M | $8K/mo |
| 3BR | $4.50M | $6K/mo |
| 4BR | $6.59M | $1K/mo |
| 5BR | $6.00M | — |
With a $1,000,000 spread between the median list price of $2,695,000 and the median sale price of $1,695,000, sellers need to price strategically from the start to attract serious buyers. Homes averaging 59 days on market suggest that overpriced listings are sitting, so competitive pricing will be essential to closing a deal.
Buyers in the 10001 zip code have meaningful leverage given that homes are selling roughly $1,000,000 below the median list price of $2,695,000, with a median sale price of $1,695,000. With 125 active listings and a 59 day median days on market, buyers have time to negotiate and are not facing the pressure of an overheated market.
The median rent of $5,600 per month against a median sale price of $1,695,000 reflects a gross yield environment that requires careful underwriting in this high cost market. The rental inventory of 795 units dwarfs active sales inventory of 125, pointing to a market where renting remains the dominant housing choice and sustained rental demand could support long term income strategies.
The current 30 year fixed mortgage rate of 6.00 percent and 15 year rate of 5.43 percent add considerable carrying costs on top of Manhattan's already elevated price points. Buyers financing at these rates on a $1,695,000 purchase should model their monthly obligations carefully, as even a small rate improvement could meaningfully impact affordability and purchasing power.
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Market intelligence by FarmPosts