Market Watch · Updated October 3, 2026
The numbers behind New York.
Prices, rents, inventory and rates for downtown Manhattan and Brooklyn, plus the week's top NYC real estate news, picked and summarized by The Collective.
Neighborhood map
Downtown Manhattan & Brownstone Brooklyn
Switch between sale prices and rents, then hover or tap any neighborhood for its full numbers.
- Median sale
- $1.9M −22% YoY
- Price / ft²
- $1,635
- Sales, Q2
- 53
- 1BR rent
- $5,999 +3.4% YoY
- 2BR rent
- $7,295 −15.6% YoY
- Median sale
- $1.6M +27.2% YoY
- Price / ft²
- $1,623
- Sales, Q2
- 150
- 1BR rent
- $6,019 +7.8% YoY
- 2BR rent
- $10,095 +20.5% YoY
- Median sale
- $2.2M +53.7% YoY
- Price / ft²
- $1,711
- Sales, Q2
- 44
- 1BR rent
- $6,500 +8.6% YoY
- 2BR rent
- $8,900 −0.1% YoY
- Median sale
- $1.2M +20.9% YoY
- Price / ft²
- $1,685
- Sales, Q2
- 94
- 1BR rent
- $6,600 +20.2% YoY
- 2BR rent
- $6,795 +8.5% YoY
- Median sale
- $1.3M −14.2% YoY
- Price / ft²
- $2,484
- Sales, Q2
- 73
- 1BR rent
- $5,500 +1.3% YoY
- 2BR rent
- $6,500 −9.5% YoY
- Median sale
- $1.4M +17.5% YoY
- Price / ft²
- $2,239
- Sales, Q2
- 122
- 1BR rent
- $5,950 −9.4% YoY
- 2BR rent
- $7,200 −4.8% YoY
- Median sale
- $1.1M ±0% YoY
- Price / ft²
- $1,456
- Sales, Q2
- 63
- 1BR rent
- $5,550 +35.5% YoY
- 2BR rent
- $5,995 +15.4% YoY
- Median sale
- $2.5M +5.1% YoY
- Price / ft²
- $2,083
- Sales, Q2
- 16
- 1BR rent
- Not enough data
- 2BR rent
- Not enough data
Few sales this quarter, so treat the median with care.
- Median sale
- $3.5M −10.2% YoY
- Price / ft²
- $2,108
- Sales, Q2
- 36
- 1BR rent
- $5,295 +13.3% YoY
- 2BR rent
- $12,225 −5% YoY
- Median sale
- $3.0M −31.3% YoY
- Price / ft²
- $1,638
- Sales, Q2
- 7
- 1BR rent
- $5,300 +18% YoY
- 2BR rent
- $12,500 +44.2% YoY
Few sales this quarter, so treat the median with care.
- Median sale
- $978K −18.5% YoY
- Price / ft²
- $1,550
- Sales, Q2
- 32
- 1BR rent
- $5,145 +14.6% YoY
- 2BR rent
- $7,695 +50.1% YoY
- Median sale
- $3.9M +4.7% YoY
- Price / ft²
- $2,030
- Sales, Q2
- 71
- 1BR rent
- $6,499 +3.7% YoY
- 2BR rent
- $8,295 +4% YoY
- Median sale
- $3.4M +24.9% YoY
- Price / ft²
- $2,074
- Sales, Q2
- 4
- 1BR rent
- $5,295 +8.9% YoY
- 2BR rent
- $7,895 +28.1% YoY
Few sales this quarter, so treat the median with care.
- Median sale
- $1.7M +34.4% YoY
- Price / ft²
- $1,347
- Sales, Q2
- 22
- 1BR rent
- $5,625 +13.5% YoY
- 2BR rent
- $7,208 −1.2% YoY
- Median sale
- $1.3M +22.6% YoY
- Price / ft²
- $1,218
- Sales, Q2
- 102
- 1BR rent
- $5,550 +12.9% YoY
- 2BR rent
- $7,500 +13.4% YoY
- Median sale
- $1.8M +42.3% YoY
- Price / ft²
- $1,419
- Sales, Q2
- 20
- 1BR rent
- $4,700 +3.3% YoY
- 2BR rent
- $6,600 +1.5% YoY
- Median sale
- $1.4M −6% YoY
- Price / ft²
- $1,449
- Sales, Q2
- 117
- 1BR rent
- $4,650 +0.8% YoY
- 2BR rent
- $5,359 −5.6% YoY
- Median sale
- $1.8M −1.6% YoY
- Price / ft²
- $1,573
- Sales, Q2
- 37
- 1BR rent
- $4,647 −8% YoY
- 2BR rent
- $8,800 +19.6% YoY
- Median sale
- $1.0M −14.6% YoY
- Price / ft²
- $1,808
- Sales, Q2
- 55
- 1BR rent
- $5,015 +18.9% YoY
- 2BR rent
- $6,250 −2.6% YoY
- Median sale
- $1.4M +14.5% YoY
- Price / ft²
- $1,411
- Sales, Q2
- 63
- 1BR rent
- $4,426 +3.1% YoY
- 2BR rent
- $6,429 +5.2% YoY
- Median sale
- $1.6M +61.3% YoY
- Price / ft²
- $1,250
- Sales, Q2
- 27
- 1BR rent
- $4,588 +9.3% YoY
- 2BR rent
- $6,750 +8.5% YoY
- Median sale
- $950K −19.1% YoY
- Price / ft²
- $1,186
- Sales, Q2
- 49
- 1BR rent
- $4,150 +3.8% YoY
- 2BR rent
- $5,806 +7.7% YoY
- Median sale
- $1.7M +2.7% YoY
- Price / ft²
- $1,342
- Sales, Q2
- 18
- 1BR rent
- $4,100 −3.1% YoY
- 2BR rent
- $9,000 +39.9% YoY
Few sales this quarter, so treat the median with care.
- Median sale
- $1.8M −8.8% YoY
- Price / ft²
- $1,552
- Sales, Q2
- 24
- 1BR rent
- $4,495 +4.4% YoY
- 2BR rent
- $5,650 −0.5% YoY
- Median sale
- $2.0M +64.9% YoY
- Price / ft²
- $1,596
- Sales, Q2
- 18
- 1BR rent
- $3,800 −6.5% YoY
- 2BR rent
- $6,200 +19.5% YoY
Few sales this quarter, so treat the median with care.
- Median sale
- $1.8M +20.7% YoY
- Price / ft²
- $1,519
- Sales, Q2
- 100
- 1BR rent
- $4,300 +10.7% YoY
- 2BR rent
- $6,200 +16.3% YoY
See all neighborhoods as a table
| Neighborhood | Median sale | YoY | Price / ft² | 1BR rent | 2BR rent |
|---|---|---|---|---|---|
| NoMadManhattan | $1.9M | −22% | $1,635 | $5,999 | $7,295 |
| ChelseaManhattan | $1.6M | +27.2% | $1,623 | $6,019 | $10,095 |
| FlatironManhattan | $2.2M | +53.7% | $1,711 | $6,500 | $8,900 |
| GramercyManhattan | $1.2M | +20.9% | $1,685 | $6,600 | $6,795 |
| West VillageManhattan | $1.3M | −14.2% | $2,484 | $5,500 | $6,500 |
| Greenwich VillageManhattan | $1.4M | +17.5% | $2,239 | $5,950 | $7,200 |
| East VillageManhattan | $1.1M | ±0% | $1,456 | $5,550 | $5,995 |
| Hudson SquareManhattan | $2.5M | +5.1% | $2,083 | n/a | n/a |
| SoHoManhattan | $3.5M | −10.2% | $2,108 | $5,295 | $12,225 |
| NoHoManhattan | $3.0M | −31.3% | $1,638 | $5,300 | $12,500 |
| Lower East SideManhattan | $978K | −18.5% | $1,550 | $5,145 | $7,695 |
| TribecaManhattan | $3.9M | +4.7% | $2,030 | $6,499 | $8,295 |
| NolitaManhattan | $3.4M | +24.9% | $2,074 | $5,295 | $7,895 |
| Battery Park CityManhattan | $1.7M | +34.4% | $1,347 | $5,625 | $7,208 |
| Financial DistrictManhattan | $1.3M | +22.6% | $1,218 | $5,550 | $7,500 |
| GreenpointBrooklyn | $1.8M | +42.3% | $1,419 | $4,700 | $6,600 |
| WilliamsburgBrooklyn | $1.4M | −6% | $1,449 | $4,650 | $5,359 |
| DUMBOBrooklyn | $1.8M | −1.6% | $1,573 | $4,647 | $8,800 |
| Brooklyn HeightsBrooklyn | $1.0M | −14.6% | $1,808 | $5,015 | $6,250 |
| Downtown BrooklynBrooklyn | $1.4M | +14.5% | $1,411 | $4,426 | $6,429 |
| Fort GreeneBrooklyn | $1.6M | +61.3% | $1,250 | $4,588 | $6,750 |
| Clinton HillBrooklyn | $950K | −19.1% | $1,186 | $4,150 | $5,806 |
| Cobble HillBrooklyn | $1.7M | +2.7% | $1,342 | $4,100 | $9,000 |
| Boerum HillBrooklyn | $1.8M | −8.8% | $1,552 | $4,495 | $5,650 |
| Carroll GardensBrooklyn | $2.0M | +64.9% | $1,596 | $3,800 | $6,200 |
| Park SlopeBrooklyn | $1.8M | +20.7% | $1,519 | $4,300 | $6,200 |
Sale prices: median closed sale price, price per square foot and number of sales for Q2 2026, the latest full quarter by neighborhood, from PropertyShark. Rents: median asking rent, October 2026, from RentHop. Neighborhoods with few sales can swing sharply quarter to quarter.
Market pulse
Price point, inventory and rates
The three numbers that most affect what our clients pay and how fast they need to move.
Our price point
$1M to $3M
of Manhattan sales in Q3 closed between $1 million and $3 million. Five of our seven available listings sit in this range, from $1.75M to $3M.
Inventory
Supply keeps tightening
Manhattan listings versus a year ago, while closed sales rose 8%. Fewer choices means less room to negotiate on well-priced homes.
Interest rates
Highest since 2023
Average 30-year fixed this week. On a $1 million loan, that is about $630 more per month than a year ago.
Sources: price bands, Downtown, days on market and sponsor units from the Corcoran 3Q 2026 Manhattan report; Manhattan listings, luxury and townhouse inventory from Miller Samuel via Brick Underground; Brooklyn inventory from StreetEasy via Spiral; rates from Freddie Mac via Fox Business; all-cash share from CooperatorNews. Monthly payment difference is principal and interest on a 30-year loan.
This week in NYC real estate
Top stories
Manhattan sales · Top story
Manhattan prices hit a record as inventory shrinks
Manhattan's Q3 median sale price reached a record $1.25 million, up 6% from a year ago. Closed co-op and condo sales rose 8% while listings fell 10.7%, so buyers are competing over fewer homes. Luxury deals rose 7%, led by the $2 to $5 million range, while townhouse inventory dropped by a third.
Hoodline, citing Miller Samuel data · Oct 2, 2026 · Read the full story →
Rates
Mortgage rates jump to their highest level since 2023
The 30-year fixed averaged 7.28% this week, up from 7.03% a week earlier and the highest since November 2023, driven by rising Treasury yields. The 15-year rose to 6.6%. A year ago the 30-year sat near 6.34%, a gap that adds more than $200 a month on a median-priced home.
Fox Business, Freddie Mac data · Oct 1, 2026 · Read the full story →
Policy
City fast-tracks affordable housing in 12 districts, including the UWS and UES
Mayor Mamdani named 12 community districts with low affordable housing production to a new Fast Track that cuts rezoning review from about 150 days to 90, starting January 1, 2027. The list includes Manhattan's Upper West Side and Upper East Side, plus Bay Ridge, Borough Park and Canarsie in Brooklyn.
NYC Mayor's Office · Oct 1, 2026 · Read the full story →
Rentals
Manhattan median rent reaches $5,285
Manhattan's median rent rose 7% year over year to $5,285 in August, according to the City Comptroller's monthly rent report. The median studio now costs $4,186, about what a one-bedroom cost in 2022. Brooklyn's median reached $4,368, and available listings hit their lowest August level in at least eight years.
Hoodline, NYC Comptroller data · Sep 12, 2026 · Read the full story →
New development
New condo supply falls to its lowest level since 2014
Manhattan's new development median rose 14% to just under $2 million as new listings fell nearly 40% from last year. Unsold new condo inventory is down to roughly 2,800 units, the lowest since 2014, with construction costs and new wage rules under the 485-x tax incentive slowing the pipeline.
Hoodline, citing Miller Samuel data · Oct 2, 2026 · Read the full story →
Brooklyn
Brooklyn is the most competitive borough for buyers
Nearly a third of Brooklyn homes (31.9%) sold above their last asking price in August, the highest share among the boroughs StreetEasy tracks. The median asking price was $999,000 and homes spent a median 69 days on market, versus 93 in Manhattan.
Spiral, StreetEasy data · Sep 30, 2026 · Read the full story →
Deals
Office-to-residential conversions keep drawing capital
Rudin secured $175 million to convert 355 Lexington Avenue from offices to apartments, one of several large financings this week. Separately, an Upper West Side rental building traded for $24.8 million, more than double its 2024 price.
Norman Bobrow weekly report, citing Crain's and The Real Deal · Oct 1, 2026 · Read the full story →
Summaries are written by The Collective Team; figures belong to the sources linked. This page is for general information and is not financial or legal advice.
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