Manhattan_4Q23_MR

FOURTH QUARTER 2023
Manhattan
All Cooperatives and Condominiums*
Average and Median Sales Prices
Apartment prices averaged $2,015,401 in the fourth quarter, a 3% improvement from the fourth quarter of 2022. The
median price of $1,125,000 was 2% above last year’s level, while the number of closings fell 2% to 2,715.
Average and Median Sales Prices
Number of Sales
$2,200,000
4,000
$1,800,000
$1,961,713
$2,024,096
$2,126,233
$1,990,291
$2,015,401
3,000
3,045
3,133
$1,400,000
2,776
2,715
2,000
2,335
$1,000,000
$600,000
$1,100,000
$1,100,000
$1,200,000
$1,135,349
$1,125,000
1,000
$200,000
4th Q 22 1st Q 23 2nd Q 23 3rd Q 23 4th Q 23
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4th Q 22 1st Q 23 2nd Q 23 3rd Q 23 4th Q 23
Average Sale Price
Median Sale Price
Cooperative Average and Median Sales Prices
Condominium Average and Median Sales Prices
$1,450,000
$3,250,000
$1,250,000
$1,272,804
$1,230,534
$1,393,848
$1,366,216
$1,350,689
$2,750,000
$2,788,186
$3,036,544
$2,969,901
$2,770,832
$2,997,192
$1,050,000
$2,250,000
$850,000
$650,000
$795,000
$800,000
$850,000
$850,000
$860,000
4th Q 22 1st Q 23 2nd Q 23 3rd Q 23 4th Q 23
$1,750,000
$1,250,000
$1,617,500
$1,650,000
$1,700,000
$1,600,000
$1,650,000
4th Q 22 1st Q 23 2nd Q 23 3rd Q 23 4th Q 23
Average Sale Price
Median Sale Price
Average Sale Price
Median Sale Price
* Includes new development and resale apartments. 4Q23 data is preliminary and subject to revision in future reports. Data from the prior four quarters
has been revised to include sales recorded after our initial reports were released.
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