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Real Estate In Manhattan is a sellers’ market with low inventory of homes in Manhattan and a lot of buyer interest. There is a 4.37 months supply of inventory on the market in Manhattan on June 30, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Manhattan last month was 42 days.
It took on average 29 days to sell Manhattan Condo, Townhouse or a Duplex.
The number of home sales in Manhattan from May 1, 2018 through May 31, 2018 was 27 units. That is 1% above the number of homes sold last month in Manhattan.
The average price per square foot in the area is now $98/Sq.Ft, which is 8% a decline from last month.
In Manhattan there were 9 units sold in May in the price range between $107,000 – $176,048 with an average of 2.9 bedrooms and 1.4 bathrooms and average Square footage of 1,621SF.
In Manhattan there were 16 units sold in May in the price range between $176,049 – $422,497 with an average of 3.5 bedrooms and 2.1 bathrooms and average Square footage of 2,303SF.
In Manhattan there were 2 units sold in May in the price range between $422,498 – $599,900 with an average of 3.5 bedrooms and 2.6 bathrooms and average Square footage of 3,156SF.
The low price range had the most activity. Homes up to $176,048 were on the market on average 61 days and sold an average of $152,555.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Manhattan. Search all Manhattan homes for Sale on propertyup.com If you are considering viewing Manhattan, you may want to do so now!
Manhattan
Apr 1, 2018 – Apr 30, 2018
May 1, 2018 – May 31, 2018
Month
April
May
Average Listing Price
$293,831
$320,240
Median Sales Price
$250,028
$245,095
Month supply of inventory
5
4.4
Market Time Detached
65 days
42 days
Market Time Attached
4 days
29 days
Inventory
122 properties
118 properties
Low price range
$144,000 – $197,014
$107,000 – $176,048
Low price range market time
6 days
61 days
Low price range units sold
0
9
Low price range bedrooms
3
2.9
Low price range bathrooms
1.8
1.4
Low price range approx sqft
1,563 SF
1,621 SF
Mid price range
$197,015 – $332,513
$176,049 – $422,497
Mid price range market time
40 days
29 days
Mid price range units sold
10
16
Mid price range bedrooms
3.6
3.5
Mid price range bathrooms
2.3
2.1
Mid price range approx sqft
2,203 SF
2,303 SF
High price range
$332,514 – $415,000
$422,498 – $599,900
High price range market time
146 days
11 days
High price range units sold
3
2
High price range bedrooms
4
3.5
High price range bathrooms
2.4
2.6
High price range approxsqft
3,126 SF
3,156 SF
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