Manhattan, NY ranks at 17 out of 100 against 4,772 cities, based on how often homes sold above list, how close to list they sold, how fast they sold, supply and price drops.
The numbers
| March–May 2026 | A year earlier | Change | |
|---|---|---|---|
| Homes sold above list price | 3% | 3% | −0.8 pts |
| Average sale-to-list ratio | 99.4% | 99.2% | +0.2 pts |
| Median days on market | 97 | 79 | +18 |
| Months of supply | 7.9 | 8.1 | −3.0% |
| Listings with a price drop | 26% | 25% | +1.5 pts |
| Median sale price | $1,380,056 | $1,311,791 | +5.2% |
| Median price per sq ft | $1,449 | $1,439 | +0.7% |
| Homes sold | 2126 | 2333 | −8.9% |
The trend
ZIP codes in Manhattan
| ZIP | Heat score | Sold above list |
|---|---|---|
| 10006 New York | 33 · Balanced | 0% |
| 10029 New York | 31 · Balanced | 27% |
| 10003 New York | 26 · Balanced | 2% |
| 10023 New York | 25 · Balanced | 10% |
| 10028 New York | 25 · Balanced | 3% |
| 10018 New York | 24 · Balanced | 0% |
| 10026 New York | 23 · Balanced | 6% |
| 10075 New York | 23 · Balanced | 1% |
| 10044 New York | 22 · Balanced | 0% |
| 10282 New York | 22 · Balanced | 0% |
| 10013 New York | 21 · Balanced | 0% |
| 10024 New York | 21 · Balanced | 1% |
| 10009 New York | 20 · Balanced | 6% |
| 10014 New York | 20 · Balanced | 3% |
| 10025 New York | 20 · Balanced | 0% |
| 10034 New York | 20 · Balanced | 0% |
| 10065 New York | 20 · Balanced | 3% |
| 10280 New York | 19 · Cool | 0% |
| 10004 New York | 18 · Cool | 5% |
| 10007 New York | 18 · Cool | 0% |
| 10021 New York | 18 · Cool | 3% |
| 10033 New York | 18 · Cool | 0% |
| 10010 New York | 17 · Cool | 0% |
| 10011 New York | 17 · Cool | 2% |
| 10012 New York | 17 · Cool | 6% |
| 10022 New York | 17 · Cool | 4% |
| 10016 New York | 16 · Cool | 3% |
| 10038 New York | 16 · Cool | 6% |
| 10027 New York | 15 · Cool | 0% |
| 10030 New York | 15 · Cool | 0% |
| 10036 New York | 15 · Cool | 0% |
| 10128 New York | 15 · Cool | 2% |
| 10032 New York | 14 · Cool | 0% |
| 10001 New York | 13 · Cool | 3% |
| 10005 New York | 13 · Cool | 0% |
| 10002 New York | 12 · Cool | 0% |
| 10017 New York | 12 · Cool | 2% |
| 10019 New York | 12 · Cool | 0% |
| 10069 New York | 12 · Cool | 0% |
| 10020 New York | Not enough sales | — |
| 10031 New York | Not enough sales | 11% |
| 10035 New York | Not enough sales | 0% |
| 10037 New York | Not enough sales | 0% |
| 10039 New York | Not enough sales | 0% |
| 10040 New York | Not enough sales | 11% |
| 10103 New York | Not enough sales | — |
| 10110 New York | Not enough sales | — |
| 10111 New York | Not enough sales | 0% |
| 10112 New York | Not enough sales | — |
| 10115 New York | Not enough sales | — |
| 10119 New York | Not enough sales | — |
| 10152 New York | Not enough sales | 0% |
| 10153 New York | Not enough sales | 0% |
| 10154 New York | Not enough sales | — |
| 10162 New York | Not enough sales | — |
| 10165 New York | Not enough sales | — |
| 10167 New York | Not enough sales | 0% |
| 10168 New York | Not enough sales | — |
| 10169 New York | Not enough sales | — |
| 10170 New York | Not enough sales | — |
| 10171 New York | Not enough sales | — |
| 10172 New York | Not enough sales | — |
| 10173 New York | Not enough sales | — |
| 10174 New York | Not enough sales | — |
| 10177 New York | Not enough sales | — |
| 10199 New York | Not enough sales | — |
| 10271 New York | Not enough sales | — |
| 10278 New York | Not enough sales | — |
| 10279 New York | Not enough sales | 0% |
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Methodology
The heat score ranks an area against every other area of the same kind (ZIP codes against ZIP codes, cities against cities, states against states) on five measures from Redfin’s Data Center: the share of homes sold above list price (35%), the average sale-to-list ratio (20%), median days on market (20%, fewer is hotter), months of supply (15%, fewer is hotter) and the share of listings with a price drop (10%, fewer is hotter). Each measure is a percentile rank, and the score is their weighted average, from 0 to 100.
Figures cover a trailing three-month window, weighted by sales, and are compared with the same three months a year earlier: a single month in a small ZIP code can be a handful of sales. An area needs at least 30 sales in the last 12 months, 10 in the window, and the three core measures to be scored. Redfin doesn’t publish months of supply or price drops for ZIP codes, so ZIP scores use the measures available. City figures come from Redfin’s own city series where it publishes one, and otherwise from a sales-weighted roll-up of the city’s ZIP codes. ZIP codes are assigned to cities using the Census Bureau’s 2020 ZIP-to-place, town and county relationships, and named with the Postal Service’s city names from HUD’s crosswalk.
BindingOffers, “How hot is the Manhattan, NY housing market? (May 2026)”, using data provided by Redfin, a national real estate brokerage. https://bindingoffers.com/market-pulse/ny/manhattan