The median sale price of a home in Downtown Manhattan was $1.4M last month, down 7.7% since last year. The median sale price per square foot in Downtown Manhattan is $1.53K, up 7.9% since last year.
What is the housing market like in Downtown Manhattan today?
In January 2025, Downtown Manhattan home prices were down 7.7% compared to last year, selling for a median price of $1.4M. On average, homes in Downtown Manhattan sell after 78 days on the market compared to 120 days last year. There were 438 homes sold in January this year, up from 435 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,430,000
-7.7% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Downtown Manhattan, NY
$1,430,000
-7.7%
United States
To compare other locations to the Downtown Manhattan and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Manhattan add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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How hot is the Downtown Manhattan housing market?
Learn what it takes to have a winning offer
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.1%
-0.086 pt YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Downtown Manhattan, NY
99.1%
-0.086 pt
United States
View houses in Downtown Manhattan that sold recently
Learn about schools in the Downtown Manhattan area
Elementary
Middle
High
GreatSchools Rating
9/10
Ballet Tech Nyc PS For Dance
Public • 4-8
116
Students
10 reviews
9/10
PS 42 Benjamin Altman
Public • PreK-5
482
Students
6 reviews
9/10
New Explorations Into Science, Tech And Math High School
Public • K-12
1610
Students
38 reviews
9/10
PS 89
Public • PreK-5
340
Students
13 reviews
9/10
P.S. 41 Greenwich Village
Public • PreK-5
486
Students
20 reviews
Only showing 5 of
39 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Manhattan housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Manhattan.
Flood Factor - Severe
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Manhattan has a severe risk of flooding. 1,303 properties in Downtown Manhattan are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Downtown Manhattan. Flood risk is increasing faster than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Manhattan has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Manhattan is most at risk from hurricanes. 10,348 properties in Downtown Manhattan have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 97 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 113 mph.
69% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Manhattan has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 69% of homes in Downtown Manhattan have a Severe Heat Factor®.
Downtown Manhattan is expected to see a 114% increase in the number of days over 99ºF over the next 30 years. Downtown Manhattan is expected to experience 7