New York, NY 10028 Real Estate Market Report

ZIP Code: 10028
Report Date: April 2026
Market Temperature: NEUTRAL
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: 10028) showcases a median sold price of $6,800,000, reflecting a robust market despite the 389 days on market for properties. This indicates a slower sales velocity, suggesting that while high-value properties are still transacting, the time taken to close deals is extended. The neighborhood has experienced an upward trend in prices, which may indicate a resilient demand amidst the current market conditions.

The overall market temperature is classified as neutral, which implies a balance between supply and demand. However, the presence of elevated inventory levels relative to sales activity suggests that buyers may have more options available, potentially leading to pricing friction. The median price per square foot stands at $2,507.27, indicating sustained value in this premium market segment. Furthermore, the rental market remains strong with a median market rent of $4,980, reflecting increasing rents due to persistent inventory shortages in the rental sector.

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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. The median sold price of $6,800,000 indicates a strong market presence, despite a slower sales velocity with 389 days on market.

2. The market temperature is neutral, suggesting a balanced environment between buyers and sellers.

3. Elevated inventory levels relative to sales activity may lead to pricing friction, impacting negotiation dynamics.

4. The median price per square foot of $2,507.27 reflects sustained value in high-end properties within the area.

5. The median market rent of $4,980 shows a strong rental market, driven by ongoing inventory shortages.

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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.