New York, NY 10027 Real Estate Market Report

ZIP Code: 10027
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in New York, NY (ZIP: 10027) is characterized by a median sold price of $2,937,000, reflecting a robust demand amidst a competitive landscape. The neighborhood has increased up since 2023, indicating a strong upward trend in property values. The market remains hot, driven by elevated interest rates that continue to exert pressure on buyer affordability, yet demand remains resilient.

Transaction activity shows signs of moderate sales velocity, with properties experiencing a median days on market of 390. This extended timeframe may suggest a degree of pricing friction, as sellers adjust expectations in response to the current economic climate. Despite the elevated inventory levels, the market's overall temperature remains favorable for sellers, although localized variations may exist.

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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

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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 $2,937,000 indicates a strong market performance, with prices trending up since 2023.

2. A median days on market of 390 suggests moderate sales velocity, indicating potential pricing adjustments by sellers.

3. The median price per square foot stands at $731.34, reflecting consistent value in the area despite elevated interest rate pressure.

4. The median market rent has reached $3,316, signaling increasing demand in the rental sector.

5. The overall market temperature is classified as hot, suggesting a favorable environment for sellers despite the presence of elevated inventory.

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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.