Manhattan, New York City, NY Real Estate Market

With 829 active listings and a median of 41 days on market, sellers are operating in a warm but competitive environment where pricing strategy matters. A median asking price of $1,595,000 for single-family homes and $1,139.29 per square foot set a strong benchmark, so positioning your listing accurately within those ranges is key to attracting serious buyers.

Buyers in zip code 10022 will find asking prices that range significantly by bedroom count, from $449,000 for studios up to $10,000,000 for seven-bedroom units, giving a wide spectrum of entry points into this Manhattan market. With 829 active listings and an average of 41 days on market, there is meaningful inventory to evaluate without extreme time pressure, though the warm market temperature suggests consistent competition.

The median rent of $5,250 across 559 available rental units points to strong rental demand in this Manhattan submarket, with rents ranging from $3,800 for studios to $9,900 for four-bedroom units. Against a median price per square foot of $1,139.29 and asking prices starting at $449,000 for studios, investors should carefully model their cost basis and expected rental income to assess yield potential in this high-value corridor.

The current 30-year fixed mortgage rate of 6.37% and 15-year fixed rate of 5.72% are meaningful factors in underwriting any purchase at these Manhattan price points. On a $1,595,000 asking price, even a modest rate difference between the 15-year and 30-year options translates to significant interest costs over the life of the loan, making rate selection an important part of any buyer's or investor's financial plan.