Manhattan, New York City, NY Real Estate Market

With the median sale price of $2,199,000 coming in close to the median list price of $2,265,000, sellers who price accurately are seeing strong results and limited concessions. A median of 24 days on market signals that well-positioned listings are moving quickly, giving motivated sellers a real advantage in the current environment.

Buyers in zip code 10001 are looking at a median sale price of $2,199,000 and a price per square foot of $1,570.71, which reflects the premium nature of this Manhattan market. With 167 active listings and a median of 24 days on market, competition is meaningful and buyers should be prepared to move decisively on well-priced homes.

The median rent of $5,784 per month against a median sale price of $2,199,000 produces a gross yield that requires disciplined underwriting given the high acquisition costs in this market. The rental inventory of 765 units far exceeds the 167 active sale listings, indicating that renting remains the dominant housing mode in this zip code and that sustained rental demand could support long-term income strategies.

The current 30-year fixed mortgage rate of 6.37 percent and the 15-year rate of 5.72 percent add substantial carrying costs on top of Manhattan's already elevated price points. Buyers financing a purchase at the median sale price of $2,199,000 should model their monthly obligations carefully, as the current rate environment meaningfully affects affordability and overall purchasing power.