New York, NY 10003 Real Estate Market Report

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.

Market Metrics

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

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

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.

Market Trends & Context

Key Findings

1. The primary indicator of recent market value is the median sold price of 3,912,000, which represents the most reliable signal of realized pricing in the neighborhood and should anchor valuation and underwriting assumptions. use sold comps over asking prices
2. Despite a strong median sold price, liquidity appears mixed: the median days on market of 519 suggests slower transaction velocity and potential pricing friction even as the broader market is described as hot.
3. Pricing density remains high with a median price per square foot of 1,564, indicating premium per-unit pricing that supports seller pricing power for well-located or upgraded SFR and condo units; buyers should expect competition on appropriately priced listings. price resilience
4. Rents and rate environment create caution: the median market rent of 5,995 is rising while interest rate pressure is reported as elevated, which may sustain demand from renters but temper transaction volume and buyer affordability in the near term. monitor affordability

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.