New York, NY 10007 Real Estate Market Report
ZIP Code: 10007
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
-
The primary market indicator is the median sold price: $3,447,000, which represents the most reliable signal of realized value in the ZIP and should be treated as the representative recent sale level for underwriting and comps.
-
There is a notable pricing/expectations gap between the median listing price: $2,875,000 and the median sold price, which may indicate seller pricing optimism; paired with prolonged time-to-contract, this suggests pricing friction that may slow negotiations.
-
Liquidity appears muted based on the median days on market: 409, which points to slower sales velocity and suggests that transactions are taking longer to close even as the broader market shows strength.
-
Market context shows a market temperature: hot with price momentum (up) and rent momentum (up), while interest rate pressure: elevated ( elevated ) creates a cautionary backdrop—strong rent levels (median market rent: $4,620) and price density (median price per square foot: $1,909) support valuation, but financing headwinds may temper short-term upside.
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 at market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
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
New York, NY 10007 Real Estate Market Report
ZIP Code: 10007
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
-
median sold price $3,447,000 is the primary indicator of market value and recent transactions in ZIP 10007; combined with a hot marketTemperature and a price year-over-year trend of up, this suggests realized values remain robust despite elevated interest rate pressure.
-
median days on market 409 implies slower sales velocity than typical high-turnover markets and may indicate pricing friction or greater negotiation time even as transaction prices remain strong.
-
median listing price $2,875,000 sits below the representative recent sale level, which may signal a divergence between current asking strategies and closed transactions and could suggest selective seller pricing or a lumpy transaction mix.
-
median price per square foot 1,909 and median market rent $4,620 together point to high nominal valuation levels and a strong rental backdrop (rent year-over-year trend is up); however, ongoing elevated interest rate pressure means financing sensitivity could temper near-term buyer activity.
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 at market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
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
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, 1.0% tax
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 4/17/2026
Get personalized market intelligence
Analyze properties in New York, NY with valuations, rental estimates, highest-and-best-use signals, and operating costs.