New York, NY 10128 Real Estate Market Report

ZIP Code: 10128
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The primary market signal is the median sold price of $6,675,000, which reflects recent transaction activity and corresponds with a down price year-over-year trend and a cold market temperature, suggesting weakening home values in this ZIP code.

2. There is a meaningful spread between the median listing price of $7,250,000 and the median sold price of $6,675,000, which may indicate pricing friction where seller expectations exceed recent transaction values and could lead to longer negotiation cycles.

3. Liquidity appears muted: the median days on market is 400, which points to slower sales velocity and suggests longer time-to-contract for typical SFR and condominium listings in the analyzed sample.

4. Rents and unit-level valuation context are mixed: the median market rent is $4,850 and the median price per square foot is $2,372; combined with moderate interest rate pressure, this implies cautious buyer activity and continued sensitivity to financing costs.

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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.

New York, NY 10128 Real Estate Market Report

ZIP Code: 10128
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The primary market indicator is the median sold price of 1,477,674, which reflects recent transaction activity and suggests realized values are the best gauge of current market value; down price momentum for the area supports a cautious interpretation of seller pricing.

2. The median listing price is 1,710,000, noticeably above the median sold price, which suggests seller expectations are higher than transaction outcomes and may indicate pricing friction between asking prices and final sale prices.

3. Market velocity is slow, with a median days on market of 411, and the local market temperature labeled cold, which together suggest slower transaction volume and elevated inventory relative to sales activity that may prolong time-to-contract.

4. Rental demand shows resilience given a median market rent of 4,950 alongside a rent year-over-year trend that is up; combined with moderate interest rate pressure, this implies rent-supported fundamentals even as for-sale pricing softens.

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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.