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New York, NY 10019 Real Estate Market Report

ZIP Code: 10019
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

The real estate market in New York, NY (ZIP: 10019) is characterized by a median sold price of $1,617,000, reflecting a stable market with moderate price appreciation. Although historical sold price change data is not available, the current pricing indicates strong buyer interest and a competitive landscape. The median listing price stands at $2,015,000, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction in the market.

Transaction activity appears to be moderate, with 365 median days on market, indicating slower sales velocity. This extended time frame may suggest that buyers are taking a more cautious approach, potentially due to elevated interest rate pressure, which is currently classified as elevated. Despite these dynamics, the market temperature remains neutral, suggesting a balanced environment between buyers and sellers, 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
180
Active Listings
100
Sold Properties
80

Market Metrics

Median Listing Price
$2,015,000
Median Sold Price
$1,617,000
Median Price per Sqft
$1,352/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
$3,520

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
1.24%

Liquidity & Velocity

Median Days on Market
365
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
elevated

Key Findings

  1. The median sold price of $1,617,000 indicates a stable market with moderate price appreciation.

  2. With a median listing price of $2,015,000, there is a significant gap between seller expectations and actual market transactions.

  3. The median days on market is 365, reflecting slower sales velocity and potentially cautious buyer sentiment.

  4. Rental prices are experiencing upward pressure, with a median market rent of $3,520, indicating strong demand in the rental sector.

  5. The market temperature is neutral, suggesting a balanced dynamic between buyers and sellers despite elevated inventory levels.


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

1631-1649 Broadway, New York, NY 10019
Top Sale

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

- beds
- baths
2,438,059 sqft
$453,324,390
Jan 1, 2026
$186/sqft/sqft
31 W 52nd St # 2, New York, NY 10019
Quick Flip

Sold below market average

- beds
- baths
711,791 sqft
$158,751,960
Jan 1, 2026
$223/sqft/sqft
141 W 53rd St, New York, NY 10019
Quick Flip

Sold below market average

- beds
- baths
753,137 sqft
$117,436,948
Jan 1, 2026
$156/sqft/sqft
15 W 53rd St # 10g, New York, NY 10019
Premium

Sold above market average

1 beds
2 baths
1,427 sqft
$2,195,200
Feb 1, 2026
$1,538/sqft/sqft
291 days on market
123 W 56th St # 41a, New York, NY 10019
Premium

Sold above market average

- beds
- baths
1,081 sqft
$2,177,000
Mar 1, 2026
$2,014/sqft/sqft
111 W 57th St # 38, New York, NY 10019
Quick Flip

Sold below market average

3 beds
4 baths
4,492 sqft
$2,150,000
Feb 1, 2026
$479/sqft/sqft
353 days on market
100 W 58th St Apt 11e, New York, NY 10019
Quick Flip

Sold below market average

1 beds
1 baths
738 sqft
$3,750
Mar 1, 2026
$5/sqft/sqft
2766 days on market
350 W 50th St Apt 8d, New York, NY 10019
Quick Flip

Sold below market average

1 beds
1 baths
639 sqft
$2,703
Jan 1, 2026
$4/sqft/sqft
597 days on market

Data Sources

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

Report generated: 4/2/2026

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