With over 50 neighborhoods in Manhattan alone, New York City is a complex real estate market. The median home price is at $1.1 million in 2023 and is expected to remain high in 2024. Values are expected to go up 7.1% in the short term. In the past 36 months, 22,000 homes sold with an average time on the market of 76 days. In 2023, prices per square foot vary wildly from $352.48 to $1,890, depending on location. Fewer than 20% of homes are houses, with the majority being a split of condos and co-ops. Finding the right Realtor® is a challenge, so we’ve brought the best of the best to you.
