Market Pulse Report: Manhattan, Q1 2024

ManhattanMARKET PULSE REPORT

Prepared on April 3, 2024

SalesManhattan1st Quarter of 2024

Average Listed Price

YOY1.6%

Q1 2024

$3.06M

Q1 2023

YOY$3.01M

Median Listed Price

YOY2.31%

Q1 2024

$1.54M

Q1 2023

YOY$1.5M

New Listings

YOY24

Q1 2024

5,128

Q1 2023

YOY5,152

Listing Inventory

YOY332

Q1 2024

9,129

Q1 2023

YOY9,461

Price Drops

YOY124

Q1 2024

2,003

Q1 2023

YOY2,127

Taken Off Market

YOY247

Q1 2024

2,817

Q1 2023

YOY3,064

Contracts Signed

YOY93

Q1 2024

2,418

Q1 2023

YOY2,325

Avg Days on Market

Listed to Contract Signed

YOY8

Q1 2024

182

Q1 2023

YOY174

Avg Listed Price PSF

YOY1.77%

Q1 2024

$1,806

Q1 2023

YOY$1,838

Average Sold Price

YOY7.45%

Q1 2024

$1.85M

Q1 2023

YOY$1.99M

Median Sold Price

YOY3.38%

Q1 2024

$1.04M

Q1 2023

YOY$1.07M

Sold Properties

YOY280

Q1 2024

2,099

Q1 2023

YOY2,379

Avg Sold Price PSF

YOY7.86%

Q1 2024

$1,450

Q1 2023

YOY$1,564

SalesManhattan1st Quarter of 2024

Studio

Alcove

1 Bedroom

2 Bedrooms

3 Bedrooms

4+ Bedrooms

Loft**

Average Listed Price

$558,156

$633,480

$1,080,011

$2,261,325

$4,913,078

$10,860,374

$3,711,073

Median Listed Price

$489,500

$581,250

$895,000

$1,850,000

$3,695,000

$7,250,000

$2,625,000

Sold Properties

176

149

693

596

280

100

160

Taken Off Market

187

807

874

522

324

329

New Listings

368

252

1,596

1,626

834

434

475

Contracts Signed

179

131

779

796

381

144

205

Listing Inventory

584

424

2,720

2,825

1,623

923

868

Average Price per SF

$1,397

$1,196

$1,450

$1,702

$2,113

$2,736

$1,756

Listings with Price Drops

114

104

599

643

359

178

172

All Manhattan

Single Family

Multi Family

Average Listed Price

$3,061,553

$14,333,216

$7,075,373

Median Listed Price

$1,535,889

$10,000,000

$5,100,000

Sold Properties

2,099

Taken Off Market

2,817

New Listings

5,128

Contracts Signed

2,418

Listing Inventory

9,129

185

151

Average Price per SF

$1,806

$2,081

$1,431

Listings with Price Drops

2,003

"OLR Market Pulse", "Sales | Manhattan | 1st Quarter of 2024" "","Studio","Alcove","1 Bedroom","2 Bedrooms","3 Bedrooms","4+ Bedrooms","Loft**", "Average Listed Price","$558,156","$633,480","$1,080,011","$2,261,325","$4,913,078","$10,860,374","$3,711,073", "Median Listed Price","$489,500","$581,250","$895,000","$1,850,000","$3,695,000","$7,250,000","$2,625,000", "Sold Properties","176","149","693","596","280","100","160", "Taken Off Market","187","89","807","874","522","324","329", "New Listings","368","252","1,596","1,626","834","434","475", "Contracts Signed","179","131","779","796","381","144","205", "Listing Inventory","584","424","2,720","2,825","1,623","923","868", "Average Price per SF","$1,397","$1,196","$1,450","$1,702","$2,113","$2,736","$1,756", "Listings with Price Drops","114","104","599","643","359","178","172", , "","All Manhattan","Single Family","Multi Family", "Average Listed Price","$3,061,553","$14,333,216","$7,075,373", "Median Listed Price","$1,535,889","$10,000,000","$5,100,000", "Sold Properties","2,099","16","21", "Taken Off Market","2,817","45","39", "New Listings","5,128","78","54", "Contracts Signed","2,418","28","17", "Listing Inventory","9,129","185","151", "Average Price per SF","$1,806","$2,081","$1,431", "Listings with Price Drops","2,003","31","32",

Jun Xu

Nest Seekers International [Westside]

M: 646-535-8328 | O: 646-535-8328 | junx@nestseekers.com

Disclaimer
The Market Pulse Report is based on data collected from landlords, real estate agents and brokers, developers and other public sources. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. Broker and On-Line Residential, Inc assumes no responsibility for inaccuracies in the information presented. ** View the methodology used to generate this report.