New York, NY 10024 Real Estate Market Report

ZIP Code: 10024
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in New York, NY (ZIP: 10024) is characterized by a median listing price of $10,972,500, reflecting the high-value nature of the area. Although specific historical sold price change data is not available, the market has shown signs of upward price momentum, with a year-over-year price trend indicating an increase. This suggests a competitive environment, particularly in desirable neighborhoods where demand remains robust despite the current market conditions.

Transaction activity appears to be moderated by 301 median days on market, indicating a slower sales velocity. The elevated inventory levels relative to sales activity may suggest a temporary excess supply, which could create pricing friction as sellers adjust expectations. The median market rent has also risen to $4,860, highlighting strong rental demand that continues to exert upward pressure on property values. Overall, the market temperature remains neutral, indicating a balanced environment where both buyers and sellers may find opportunities, albeit with caution due to the current interest rate pressures.

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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 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.

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Key Findings

1. $10,972,500 median listing price indicates a high-value market with significant seller expectations.

2. 301 days median days on market suggests a slower sales velocity, potentially leading to pricing adjustments.

3. $4,860 median market rent reflects strong rental demand, contributing to upward pressure on property values.

4. Market temperature is neutral, indicating a balanced environment for buyers and sellers, but caution is advised due to elevated interest rate pressure.

5. Year-over-year price trend is up, suggesting ongoing appreciation in property values despite current market dynamics.

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Notable Properties

The following 3 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.