In my 25+ years in New York City real estate, I have learned that each month tells its own story. This May 2026 recap draws from live REBNY/RLS data across all five boroughs, giving you a clear snapshot of where the market stands right now. Whether you are buying, selling, or investing, these numbers will help you make informed decisions.
NYC Real Estate Market Report May 2026: All 5 Boroughs
Milton Coste
Live from REBNY/RLS
October 15, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
Citywide Summary
508
Closed Sales (30 Days)
367
Closed Rentals (30 Days)
$872K
Median Sale Price
$4,267/mo
Median Rent
Winners and Losers
Based on year-over-year data across 169 NYC neighborhoods.
Top 5 Price Gains (YoY)
- 1. Pelham Parkway Bronx +39.4%
- 2. Hamilton Heights Manhattan +39.2%
- 3. East Flatbush Brooklyn +31.4%
- 4. Prospect Lefferts Gardens Brooklyn +25.3%
- 5. Wakefield Bronx +25.0%
Top 5 Price Drops (YoY)
- 1. Gravesend Brooklyn -40.0%
- 2. Battery Park City Manhattan -37.8%
- 3. Midtown Manhattan -35.7%
- 4. Gramercy Park Manhattan -35.6%
- 5. Rego Park Queens -27.8%
Fastest Moving Markets
- 1. Laurelton Queens 1 days
- 2. Laconia Bronx 2 days
- 3. Van Nest Bronx 4 days
- 4. Baychester Bronx 14 days
- 5. East Tremont Bronx 14 days
Most Inventory
- 1. Upper East Side Manhattan 1557 listings
- 2. Midtown East Manhattan 1102 listings
- 3. Upper West Side Manhattan 1050 listings
- 4. Midtown West Manhattan 425 listings
- 5. Midtown Manhattan 410 listings
Tightest Supply
- 1. Westchester Village Bronx 0.2 months
- 2. Baychester Bronx 0.5 months
- 3. New Hyde Park Queens 0.5 months
- 4. Utopia Queens 0.5 months
- 5. Parkchester Bronx 0.6 months
Borough Breakdown
| Borough | Sales (30d) | Median Sale | Rentals (30d) | Median Rent | Avg DOM |
|---|---|---|---|---|---|
| Manhattan | 200 | $1.02M | 200 | $5,500/mo | N/A |
| Brooklyn | 200 | $1.26M | 142 | $4,200/mo | N/A |
| Queens | 82 | $780K | 25 | $3,100/mo | N/A |
| Bronx | 26 | $424K | 0 | N/A | N/A |
| Staten Island * | 0 | N/A | 0 | N/A | N/A |
| NYC Total | 508 | $872K | 367 | $4,267/mo |
* Limited data for this borough this period (fewer than 5 closed sales).
Rental Market Summary
Citywide Median Rent
$4,267/mo
Rent by Borough
| Manhattan | $5,500/mo |
| Brooklyn | $4,200/mo |
| Queens | $3,100/mo |
| Bronx | N/A |
| Staten Island | N/A |
Most Expensive Rental Markets
- 1. Central Park South Manhattan $14,250/mo
- 2. Tribeca Manhattan $10,000/mo
- 3. Flatiron Manhattan $6,550/mo
- 4. Chelsea Manhattan $6,295/mo
- 5. Little Italy Manhattan $6,000/mo
Most Affordable Rental Markets
- 1. Howard Beach Queens $1,650/mo
- 2. Bedford Park Bronx $1,710/mo
- 3. Westchester Village Bronx $1,750/mo
- 4. Tremont Bronx $1,850/mo
- 5. South Richmond Hill Queens $1,950/mo
Newest Listings Citywide
$735,000
21-31 Shore Boulevard #1F
1 bed
1 bath
680 sqft
Condo
$1,345,000
21-31 Shore Boulevard #1B
2 beds
2 baths
2,045 sqft
Condo
$5,250,000
30 RIVERSIDE Boulevard #31A
3 beds
4 baths
1,919 sqft
Condo
$1,249,000
21-31 Shore Boulevard #3C
2 beds
2 baths
1,062 sqft
Condo
$890,000
192A Buffalo Avenue
3 beds
2 baths
1,440 sqft
Single Family Residence
$1,500,000
50 W 9TH Street #3D
2 beds
1 bath
Co-op
Explore by Borough
Quarterly report
NYC Quarterly Market Report, 2026-Q2
Closed sales by borough and neighborhood, with a print edition and a Spanish counterpart.
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.