New York, NY 10128 Real Estate Market Report

ZIP Code: 10128
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: 10128) is characterized by a median sold price of $6,675,000, reflecting a stable market with moderate price appreciation. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. This growth is supported by a robust rental market, with the median market rent reaching $4,980, further enhancing buyer confidence in the area.

Despite the elevated inventory levels, the market appears to maintain a balanced dynamic with moderate transaction volume. The median days on market stands at 371, suggesting a slower sales velocity, which may indicate pricing friction as buyers weigh their options. The median listing price of $7,250,000 creates a notable gap compared to the sold price, reflecting seller expectations that may not align with current buyer sentiment, particularly in a market with moderate interest rate pressure.

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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 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 $6,675,000 indicates strong market performance and reflects a green trend in property values.

2. With a median days on market of 371, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $7,250,000 is significantly higher than the sold price, indicating a yellow cautionary gap between seller expectations and buyer willingness.

4. The median market rent has reached $4,980, contributing to a robust rental demand that supports overall market confidence.

5. The market temperature is blue neutral, suggesting a balanced environment despite elevated inventory levels.

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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.