New York, NY 10021 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 neighborhood's primary market indicator is the $8,405,000 median sold price, which reflects recent transaction values and anchors local valuation; representative recent sale context suggests prices are being set by closed deals rather than asking prices.
2. The $13,500,000 median listing price sits well above the median sold price and suggests seller expectations exceed realized transaction values, which may create pricing friction for higher-end listings.
3. The 424 median days on market signals slower sales velocity and longer marketing periods; combined with a neutral market temperature, this appears to indicate a balanced environment where well-priced SFR and condominium offerings still transact but may require more time.
4. Unit-level economics show $1,852 median price per square foot alongside $4,950 median market rent; with rent year-over-year trend up (rental pressure) and interest rate pressure elevated (financing headwinds), expect sustained caution among buyers and landlords.

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.