Midtown Manhattan - New York Real Estate - 3532 Homes For Sale | Zillow (2024)

FAQs

What is the average price real estate Manhattan? ›

The median sale price of a home in Manhattan was $1.3M last month, down 0.38% since last year. Themedian sale price per square foot in Manhattan is $1.36K, down 6.8% since last year.…

Midtown spans the entire island of Manhattan along an east–west axis, bounded by the East River on its east and the Hudson River to its west. The Encyclopedia of New York City defines Midtown as extending from 34th Street to 59th Street and from 3rd Avenue to 8th Avenue.

How much does an apartment cost in New York? According to appraiser Jonathan Miller and his Douglas Elliman market report, the average apartment in Manhattan in Q1 2020 was $1.89 million and the median sales price was $1.06 million. This includes both co ops and condos.

Manhattan is a global center for finance, business, and culture. Wall Street, home to major financial institutions, attracts high-earning professionals who contribute to a strong local economy. This influx of wealth further fuels demand for housing and luxury goods, pushing prices even higher.

-Mortgage rates have decreased, making it a good time for long-term buyers (5-7 years). -Housing prices in Manhattan hit an 8-year low in Q4 2023, with the median price dropping 9%.

Manhattan is becoming a buyer's market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel.

Typically, rent for studios in Midtown, New York, NY is 46.48% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown, New York, NY is 31.11% more expensive than other counties nearby.

Midtown is a neighborhood in New York City, New York with a population of 70,498. Midtown is in New York County and is one of the best places to live in New York. Living in Midtown offers residents a dense urban feel and most residents rent their homes.

Times Square is a major commercial intersection, tourist destination, entertainment hub, and neighborhood in the Midtown Manhattan section of New York City. It is formed by the junction of Broadway, Seventh Avenue, and 42nd Street.

A single adult living in New York City would need to make $138,570 a year in order to live comfortably, according to the study. That equates to an hourly wage of $66.62. To cover the cost of just necessities as a single person in New York City, you would need to make an estimated $70,000, according to SmartAsset.

What is the average condo fee in Manhattan? ›

The good news, condo common charges may be increasing in Brooklyn but Manhattan is still more expensive. Brooklyn common charges are three times less, with an average of $0.56 per square foot compared to manhattan's $1.49.

Tribeca. Located on the southwestern corner of Manhattan, Tribeca (“Triangle Below Canal Street”) consistently ranks as the most expensive neighborhood in NYC, according to several sources. Best known for its stylish industrial lofts and charming cobblestone streets, residents here enjoy a hip and upscale neighborhood.

When comparing costs and prices in LA and NYC, we can start with the fact that NYC is listed as the #1 most expensive city in the US and LA is listed as #9 out of 10. Housing – Apartments in LA are larger and cost less than those in Manhattan.

New York, New York: 57th Street (world's most expensive street according to Business Insider)

Housing (Buy and Rent)

The average monthly rent in Manhattan is $4,831, while home prices circle around $1,377,096. Thinking of moving? New apartments in Manhattan, NY are waiting for you. Start your search here!

Recent Trends in NYC's Home Purchase Market

Based on data from StreetEasy, the median sales price for homes that sold in 2023 was $764K, down about 2% from a record high of $782K in 2022 but back up to $785K in early 2024.

Lot of people here underestimate just how expensive NYC can be. If you are willing to live in Jersey or in an inconvenient part of the outer boroughs then $500k will go far. If you want to live in Manhattan, that is a different story. It's better than $400K, but not as good as $600K.

Manhattan's Land Value Is an Incredible $1.74 Trillion - Bloomberg.