New York, NY 10021 Real Estate Market Report

ZIP Code: 10021
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 (ZIP: 10021) is characterized by a median sold price of $9,995,000, reflecting a robust demand despite the elevated median days on market of 407 days. This indicates a slower sales velocity, which may suggest a cautious approach from buyers amidst high price expectations. The market has shown an upward trend in pricing, with the overall market temperature described as hot, particularly in the luxury segment, where appreciation is anticipated to continue.

With a median listing price of $16,000,000, there is a notable gap between listing and sold prices, which may create pricing friction for sellers. The current market dynamics, characterized by elevated inventory levels relative to sales activity, indicate that while there is strong interest, the transaction volume remains moderate, potentially allowing for buyer leverage in negotiations. The median market rent stands at $4,980, further underscoring the strong demand for housing in this area, which may drive some renters towards ownership as they seek to capitalize on the current market conditions.

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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 $9,995,000 indicates a strong market presence, despite a slower sales velocity with 407 days on market.

2. Elevated inventory levels suggest excess supply relative to sales activity, which may provide buyers with leverage in negotiations.

3. The median listing price of $16,000,000 reflects high seller expectations, creating potential pricing friction in the market.

4. The market temperature is described as hot, indicating strong demand, particularly in the luxury segment.

5. With a median market rent of $4,980, the rental market remains robust, potentially encouraging renters to consider purchasing options.

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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.