New York, NY 10003 Real Estate Market Report

ZIP Code: 10003
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in New York, NY (10003) remains robust, with a median sold price of $6,250,000, reflecting significant market activity and value appreciation. The neighborhood has experienced an upward price trend, indicating a strong demand for properties. The current market conditions suggest a competitive environment, characterized by elevated inventory levels relative to sales activity, which may indicate a slight cooling in transaction velocity despite high prices.

Additionally, properties are taking a considerable median days on market of 245, suggesting that while prices remain high, the pace of sales may be slowing. This could be attributed to the moderate interest rate pressure affecting buyer sentiment. Overall, the market temperature is classified as hot, driven by a combination of strong demand and limited supply, which continues to push rental prices to all-time highs, with a median market rent of $4,980.

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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.

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Market Metrics

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.

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Rental Market

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.

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Property Taxes

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Liquidity & Velocity

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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median sold price of $6,250,000 indicates a strong market value, reflecting ongoing demand and price appreciation.

2. With a median days on market of 245, the market is experiencing slower sales velocity, which may suggest pricing friction for sellers.

3. The median price per square foot stands at $1,398.13, highlighting the premium nature of properties in this area.

4. The median market rent has reached $4,980, driven by strong demand and limited supply, contributing to the overall market heat.

5. The market temperature is classified as hot, indicating a competitive environment despite signs of elevated inventory levels.

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Notable Properties

The following 7 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.