New York, NY 10023 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 value is represented by the median sold price; 6,267,500 should be treated as the anchor for pricing and appraisal decisions and for benchmarking comparable SFR and condominium transactions in 10023.
2. The median days on market is 591, which signals slower sales velocity and suggests pricing friction or extended negotiation windows; this aligns with a market described as neutral in temperature and may require longer time-in-market assumptions for sellers.
3. Pricing and income context show a median price per square foot of 1,577 alongside a median market rent of 5,100; rent is trending up, which supports continued demand pressure for smaller units and informs rent-valuation considerations for investor scenarios.
4. Sample-level supply appears relatively constrained, and with the price year-over-year trend being up while interest rate pressure is elevated, sellers may still realize prices near the median sold price but should plan for slower transaction timing and sensitivity to financing costs.

Notable Properties

The following 4 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.