All Home Types
Manhattan, NY Housing Market
What is the housing market like in Manhattan today?
In December 2024, Manhattan home prices were down 11.5% compared to last year, selling for a median price of $1.1M. On average, homes in Manhattan sell after 74 days on the market compared to 120 days last year. There were 723 homes sold in December this year, up from 630 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,150,000
-11.5% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Manhattan, NY
$1,150,000
-11.5%
United States
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Manhattan Migration & Relocation Trends
In Oct '24 - Dec '24, 29% of Manhattan homebuyers searched to move out of Manhattan, while 71% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Manhattan from outside metros.
- San Francisco homebuyers searched to move into Manhattan more than any other metro followed by Seattle and Gainesville.
Where are people moving to Manhattan from?
- 71% of Manhattan homebuyers searched to stay within the Manhattan metropolitan area.
- Miami was the most popular destination among Manhattan homebuyers followed by Philadelphia and Boston.
Where are people from Manhattan moving to?
Number of People Moving to Manhattan
least
most
People are moving to Manhattan from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Oct '24 - Dec '24 | ||
| 1 | 314 | ||
| 2 | 151 | ||
| 3 | 15 | ||
| 4 | 11 | ||
| 5 | 8 | ||
| 6 | 6 | ||
| 7 | 4 | ||
| 8 | 4 | ||
| 9 | 3 | ||
| 10 | 3 | ||
People are leaving Manhattan for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Oct '24 - Dec '24 | ||
| 1 | 4,533 | ||
| 2 | 4,142 | ||
| 3 | 3,717 | ||
| 4 | 2,045 | ||
| 5 | 1,881 | ||
| 6 | 1,768 | ||
| 7 | 1,671 | ||
| 8 | 1,628 | ||
| 9 | 1,431 | ||
| 10 | 1,250 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Manhattan.
Provided by First Street Foundation
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