New York, NY 10003 Real Estate Market Report
ZIP Code: 10003
Report Date: April 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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
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
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
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.
Key Findings
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The neighborhood's primary market value indicator, median sold price, is 6,250,000 and the recent transactions show a premium per-square-foot at 1,398, indicating a high-price submarket with strong per-unit pricing (hot market).
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Despite strong sold pricing, liquidity shows slower sales velocity with median days on market of 261, which may indicate longer marketing periods for higher-end transactions and pricing friction.
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Inventory appears as elevated inventory relative to sales activity, yet the market temperature is hot and the price year-over-year trend is up, suggesting sellers can still achieve strong outcomes but should expect selective buyer scrutiny (up).
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Rental fundamentals are strengthening with median market rent at 5,900 and rent year-over-year trend up, while interest rate pressure is elevated; this combination may sustain rent growth even as elevated interest rates constrain some mortgage-driven buyers (elevated interest rate pressure).
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold above market average
Sold above market average
New York, NY 10003 Real Estate Market Report
ZIP Code: 10003
Report Date: April 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
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
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
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.
Key Findings
-
The primary market signal is the recent median sold price of 1,850,000, which represents the most reliable indicator of realized value and recent transaction activity in the neighborhood and suggests pricing that buyers are currently willing to pay. hot market
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There is a notable spread between the median listing price of 2,800,000 and the median sold price of 1,850,000, which may indicate pricing friction and elevated seller expectations relative to recent transaction prices; this gap appears to be slowing deal closings and may require price adjustments or concessions to accelerate sales. pricing friction
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Liquidity appears muted on a velocity basis given the median days on market of 456, which suggests slower sales velocity even as broader indicators show rising prices; sellers and investors should expect longer marketing timelines and factor in holding costs. slower sales velocity
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Market context shows the price year-over-year trend is up while rent year-over-year trend is up and interest rate pressure is elevated, implying continued upward pressure on rents and asking prices but also higher financing costs that may constrain some buyers and increase sensitivity to pricing. up
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
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold below market average
Sold at market average
Sold at market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 4/17/2026
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