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New York, NY 10001 Real Estate Market Report

ZIP Code: 10001
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.


Executive Overview

As of April 2026, the real estate market in New York, NY (ZIP: 10001) is characterized by a median sold price of $2,775,420, reflecting a robust demand despite the current economic pressures. The market has shown a year-over-year price trend that is up, indicating sustained buyer interest and potential for further appreciation. The elevated median listing price of $2,480,000 suggests that sellers are optimistic, although this gap may create pricing friction as buyers navigate affordability challenges.

Transaction activity appears moderate, with the median days on market recorded at 419 days, indicating a slower sales velocity. This extended timeframe may suggest that while there is interest in the market, buyers are taking their time to make decisions, likely influenced by the current interest rate pressure, which is noted as moderate. Overall, the market temperature remains neutral, reflecting a balance between supply and demand, albeit with elevated inventory levels relative to sales activity.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
90 Days
Total Properties Analyzed
101
Active Listings
71
Sold Properties
30

Market Metrics

Median Listing Price
$2,480,000
Median Sold Price
$2,775,420
Median Price per Sqft
$1,510/sqft

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$4,980

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
1.22%

Liquidity & Velocity

Median Days on Market
419
Sale-to-List Ratio
100.0%

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.


Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Key Findings

  1. The median sold price is $2,775,420, indicating strong market value and buyer willingness to invest.

  2. With a median listing price of $2,480,000, there is potential pricing friction as sellers may need to adjust expectations to align with buyer affordability.

  3. The median days on market stands at 419 days, suggesting a slower sales velocity that may impact liquidity in the market.

  4. The rental market is exceptionally strong, with a median market rent of $4,980, reflecting increased demand for rental properties as homeownership becomes less accessible.

  5. The market temperature is neutral, indicating a balanced environment where supply and demand are relatively aligned.


Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

345 8th Ave, New York, NY 10001
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

- beds
- baths
1,448,543 sqft
$118,670,104
Feb 1, 2026
$82/sqft/sqft
520 W 28th St # Ph37, New York, NY 10001
Premium

Sold above market average

5 beds
6 baths
7,730 sqft
$24,975,000
Feb 1, 2026
$3,231/sqft/sqft
2710 days on market
1218 Broadway, New York, NY 10001
Quick Flip

Sold below market average

- beds
- baths
75,547 sqft
$8,112,780
Feb 1, 2026
$107/sqft/sqft
130 W 30th St Apt 3b, New York, NY 10001
Quick Flip

Sold below market average

2 beds
3 baths
2,150 sqft
$2,250,000
Feb 1, 2026
$1,047/sqft/sqft
331 days on market
215 W 29th St Fl 5, New York, NY 10001
Quick Flip

Sold below market average

- beds
- baths
1,850 sqft
$2,237,000
Feb 1, 2026
$1,209/sqft/sqft
252 7th Ave Apt 14e, New York, NY 10001
Premium

Sold above market average

2 beds
2 baths
1,277 sqft
$2,209,000
Feb 1, 2026
$1,730/sqft/sqft
252 7th Ave Apt 9r, New York, NY 10001
Quick Flip

Sold below market average

2 beds
2 baths
2,268 sqft
$9,900
Jan 1, 2026
$4/sqft/sqft
2814 days on market
261 W 28th St Apt 6e, New York, NY 10001
Quick Flip

Sold below market average

2 beds
3 baths
1,214 sqft
$5,500
Jan 1, 2026
$5/sqft/sqft
3080 days on market

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 4/1/2026

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