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.
The median asking price in Manhattan is about $341,000 as of Sep 2026, up 13.6% from a year ago. The typical listing is 10% larger than a year ago, and asking price per square foot is up 7.8%. So the size of homes on the market explains much of the rise. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Only if you move fast. Sellers have more pull in Manhattan than usual. Compared with 2017–2019 at this time of year, there are 48% fewer homes for sale, and listings spend 32% fewer days on the market. Good homes go under contract quickly. If you want one, be ready to move in days.
Manhattan has 48% fewer homes for sale than in 2017–2019 at this time of year, and listings spend a median 47 days on the market, less than in 71% of the 765 cities we track. Well-priced homes will draw more than one offer. Your discount is in the listing that has sat, so set a price alert and move when a stale one gets cut.
Asking price per square foot in Manhattan is up 7.8% over the last year. Over five years the pace has been 7.6% a year. Underwrite closer to that than to the last twelve months.
The population in Manhattan's ZIP codes fell 1.1% over five years. 9.1% of homes are vacant, higher than 69% of tracked cities. Households still grew 8.0% while the housing stock grew 2.2%. Fewer people living in more households means rental demand has held up better than the population suggests. Check vacancy by ZIP before you buy.
Pending-sale counts for Manhattan were thinly reported until recently, so this page reads demand from how long listings stay on the market, how many sellers cut, and how much is for sale. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.
Manhattan listings spend a median 47 days on the market. There are 191 homes for sale in Manhattan. That is 2.8 times the tightest month on record, but below the peak of 384. Supply is growing against last year.
The median asking price is 8.7% below its 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 85 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
If you plan to sell in the next two years, move it up. This much buyer demand does not last. Right now it does your negotiating for you.
HUD sets one fair market rent for Riley County. For fiscal year 2026:
The figures include tenant-paid utilities and apply to all of Riley County, so one home's rent can sit well above or below them. See fair market rent by city.
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.
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 5.1 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $1,664 a month.
To see what one Manhattan address would rent for and cash flow, run it through the app.
Read how the pending ratio measures demand and how we read these numbers, then run the numbers on a deal.
The median asking price in Manhattan is about $341,000 as of Sep 2026, up 13.6% from a year ago. The typical listing is 10% larger than a year ago, and asking price per square foot is up 7.8%. So the size of homes on the market explains much of the rise. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Manhattan figures cover the 4 ZIP codes with a Manhattan mailing address, which can reach past city limits.
Sellers have more pull in Manhattan than usual. We compare Manhattan with 2017–2019 at this time of year: there are 48% fewer homes for sale; listings spend 32% fewer days on the market; 21% of sellers have cut their price, against 22% then.
The median asking price is 8.7% below its 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.
Across 9 full years, Manhattan asking prices ran lowest in September, about 3.4% below the year's average. They peaked in March. The most homes for sale show up in July, about 11% above the yearly average.
Assume +5.3% a year. Manhattan grew 7.6% 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 7.8% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for Riley County is $1,068 a month for 2 bedrooms and $1,485 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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