Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only on the right house. Neither side has the upper hand in Manhattan right now.
Neither side has the upper hand in Manhattan. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.
About as many homes are under contract as are sitting unsold. Neither side is desperate. Your room to negotiate depends on the listing, not the market. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Manhattan home takes 49 days to find a buyer. Half of them take even longer. That is 12% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 161 homes for sale in Manhattan. That is 2.3 times the tightest month on record, but below the peak of 384. Supply is growing against last year.
Asking prices are 9.6% below their Mar 2023 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Manhattan prices have risen in 82 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
Most Manhattan households rent. 50 out of every 100 households are renters. The renter share is shrinking. Five years ago it was 54 in 100. Renter households average 1.9 people. Singles and couples rent here. Two bedrooms beat four.
Households grew 8% in five years. The housing stock grew 2%. Demand is outrunning supply. 9.1% of homes sit empty. That is normal for a healthy market.
The median Manhattan household earns $66,564 a year. Incomes here have grown 4.3% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 5.2 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $1,664 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Only on the right house. Neither side has the upper hand in Manhattan right now. 93 out of every 100 homes for sale have a buyer, 16% of sellers have cut their price, and a typical home takes 49 days to sell.
Asking prices are 9.6% below their Mar 2023 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.
Assume +5.2% a year. Manhattan grew 9.1% a year over the last five years. That is faster than its ten-year pace. The momentum is recent. Do not assume it continues. Underwrite between the two rates. Prices rose 4.2% over the last year. That is a timing signal, not a trend.
A typical Manhattan home takes 49 days to find a buyer. Half of them take even longer. That is 12% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
Most Manhattan households rent. 50 out of every 100 households are renters. The renter share is shrinking. Five years ago it was 54 in 100. 9.1% of homes sit empty. That is normal for a healthy market.
A tenant on the median income can pay about $1,664 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Manhattan household earns $66,564 a year.
Manhattan has four ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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