Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

Midtown

Manhattan · New York, NY

199 active listings · Median $2.1M · 76 days on market

$2.1M
Median Asking
$5,765/mo
Median Rent/Mo
199
Active Listings
76
Avg Days on Market

Monthly Snapshot

Live from REBNY/RLS

Midtown has 10.1 months of supply (how long today's 198 listings would last at the 6-month pace of about 20 sales a month if nothing new came on the market), and homes sold at about 96% of their original asking price over the past 6 months (RLS/REBNY closed and active listings).

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How fast Midtown apartments are selling, by type

· Closed sales April 2, 2026 to October 2, 2026; listings active on October 2, 2026.

Midtown has 10.1 months of supply (how long today's 198 listings would last at the 6-month pace of about 20 sales a month if nothing new came on the market), and homes sold at about 96% of their original asking price over the past 6 months (RLS/REBNY closed and active listings).

Absorption: about 10% of listings sell in a typical month.

Apartment typeFor sale nowSold per monthMonths of supplyhow long listings would lastSold vs. original asksale price ÷ first asking priceMedian days, listing to closingincludes contract-to-closing time
2-bedroom condoIn line with the neighborhood487.56.496%524
3-bedroom condoIn line with the neighborhood223.26.997%478
Studio condoIn line with the neighborhood81894%119
2-bedroom co-opIn line with the neighborhood121.3999%168
1-bedroom co-opIn line with the neighborhood2021093%179
1-bedroom condoLonger supply than the neighborhood62320.797%213

Only apartment types with at least 6 recorded sales in the period are shown. Off-market and owner-sold homes are not in RLS data.

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What these numbers mean

What is months of supply?

How long it would take to sell every home now listed if sales kept their recent pace and no new listings came on. A lower number means buyers have fewer homes to choose from.

What is the absorption rate?

The share of listed homes that sell in a typical month. An absorption rate of 25% means about one in four listings sells each month; it is the same measure as months of supply, turned around.

What is the original asking price?

The price a home was listed at when it first came on the market, before any price cuts. Comparing the sale price with it shows how much room buyers negotiated.

Listing and sales data courtesy of the Real Estate Board of New York Residential Listing Service (RLS). Deemed reliable but not guaranteed.

Market Pulse — Midtown

What defines this market

A condo-dominant submarket with moderate rent growth, rising sale prices, and sale listings sitting longer than a year ago.

Common search patterns

value buyerscondo-dominantappreciating sale priceshigh transaction volume

Median asking rent in Midtown is $5,765/month, $235 below the 5-year high set in Mar 2026. Rents are up +2.9% year over year and +44.1% over the past 5 years. Median sale price is $2.08M. Sale prices are up +17.0% year over year. Sale listings are clearing 18 days faster than at this point last year.

Rental snapshot

  • Median asking rent: $5,765/month ($235 below the 5-year high in Mar 2026)
  • Year-over-year rent change: +2.9%
  • 5-year rent change: +44.1%
  • Active rental listings: 392

For-sale snapshot

  • Median sale price: $2.08M
  • Condo vs co-op median: condos $3.43M / co-ops $699K
  • Year-over-year sale price change: +17.0%
  • Median days on market (sale): 76 days (18 days faster than a year ago)
  • Active for-sale listings: 198
  • Active listings with a price cut: 30.3%
  • Recent monthly closed sales: 20

Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.

Sale figures: RLS/REBNY closed and active listings, April 2, 2026 to October 2, 2026. Rents: StreetEasy market data, through Jun 2026.

About Midtown

Midtown Manhattan is the city's primary commercial and transit hub, home to Grand Central Terminal, Rockefeller Center, Bryant Park, and the Empire State Building. The residential market features luxury condo towers, classic pre-war cooperatives, and postwar doorman buildings served by nearly every ...

In my 25+ years selling real estate across New York City, I use this Midtown data in real negotiations, not just for a web page.

Quick Facts

BoroughManhattan
Zip Codes10017, 10018, 10019, 10020, 10036
Subway1, 2, 3, 4, 5, 6, 7, A, B, C, D, E, F, M, N, Q, R, S, W trains
Building TypesPre-war buildings, Co-ops, Condos

Transit, Schools & Commute

Subway Lines:1 2 3 4 5 6 7 A B C D E F M N Q R S W

Stations: Times Sq-42 St (0.18 mi), 42 St-Port Authority (0.35 mi), Grand Central-42 St (0.39 mi), 34 St-Herald Sq (0.41 mi), 34 St-Penn Station (0.47 mi)

Midtown: 8 min (2 express from Times Sq-42 St)


Market Report

Live data from REBNY/RLS. Updated every 15 minutes.

Median Asking Price
$2,077,500
+17.0% YoY
Median Rent
$5,765/mo
+2.9% YoY
Price per Sq Ft
$1,819
Sold vs. Original Ask
96.3%

Price Trends

Median closed sale price by month

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Own in Midtown? What it would sell for today

Across the five zips that cover Midtown (10017, 10018, 10019, 10020, 10036), the city's PLUTO tax-lot data puts roughly 26,900 homes in condo lots and about 42,100 in elevator buildings. Buyers are choosing between towers and side-street co-ops near Grand Central, Bryant Park and Rockefeller Center. For a co-op sale, have the board package and building financials ready; for a condo, the offering plan amendments and common-charge history.

Send me the address and I will read the comps in Midtown before we talk

With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.

Email is the only required field.

Current Inventory Snapshot

Calculating market narrative...

Inventory & Activity
Active Listings198
Pending Sales58
New This Week7
New This Month60
Avg DOM76 days
Price Cut Rate30.3%
Recent Sales
Sold Last 30 Days11
Sold Last 90 Days54
Sold vs. Original Ask96.3%
Asking Prices
Median Asking$2,077,500
Average Asking$5,085,938
Median $/SqFt$1,819
Median Condo Ask$3,427,500
Median Co-op Ask$699,000
Property Mix
Condo: --Co-op: --Other: --

Price by Bedroom

Based on active listings in Midtown

TypeActive ListingsMedian PricePrice Range
Studio13$699,000$425K - $6.80M
1 Bedroom80$1,097,500$499K - $5.25M
2 Bedrooms61$2,395,000$350K - $40.00M
3+ Bedrooms41$13,750,000$1.30M - $50.00M

Active Listings

Properties in Midtown

26
172 MADISON Avenue MANSION
$12,995,000
4 BD · 5 BA · 2,958 sqft · Condo
172 MADISON Avenue MANSION
Listed by: Christies International Real Estate Group LLC
6
244 MADISON Avenue 12DE
$995,000
2 BD · 2 BA · Co-op
244 MADISON Avenue 12DE
Listed by: Douglas Elliman Real Estate
30
230 W 56TH Street PHB
$5,450,000
3 BD · 3 BA · 1,856 sqft · Condo
230 W 56TH Street PHB
Listed by: ICONIC PROS
14
1600 BROADWAY 20A
$930,000
1 BD · 1 BA · 889 sqft · Condo
1600 BROADWAY 20A
Listed by: Corcoran Group
26
153 E 57th Street 21B
$575,000
1 BD · 1 BA · 730 sqft · Co-op
153 E 57th Street 21B
Listed by: DGSIR Realty
15
16 W 40th Street 16B
$1,990,000
1 BD · 1 BA · 1,088 sqft · Condo
16 W 40th Street 16B
Listed by: Compass
16
220 MADISON Avenue 3Q
$765,000
2 BD · 2 BA · Co-op
220 MADISON Avenue 3Q
Listed by: Brown Harris Stevens Residential Sales LLC
9
159 MADISON Avenue 11G
$525,000
1 BD · 1 BA · Co-op
159 MADISON Avenue 11G
Listed by: Brown Harris Stevens Residential Sales LLC
12
230 W 56TH Street 54F
$2,900,000
2 BD · 3 BA · 1,477 sqft · Condo
230 W 56TH Street 54F
Listed by: Douglas Elliman Real Estate
5
200 W 54th Street 9C
$650,000
1 BD · 1 BA · 750 sqft · Co-op
200 W 54th Street 9C
Listed by: Compass
5
18 W 48th Street 17C
$1,040,000
1 BD · 1 BA · 773 sqft · Condo
18 W 48th Street 17C
Listed by: Compass
10
159 W 53rd Street 38GH
$1,995,000
3 BD · 3 BA · 1,700 sqft · Condo
159 W 53rd Street 38GH
Listed by: Compass
7
159 MADISON Avenue 9H
$595,000
1 BD · 1 BA · Co-op
159 MADISON Avenue 9H
Listed by: Corcoran Group
14
135 W 52ND Street 30B
$2,495,000
2 BD · 3 BA · 1,372 sqft · Condo
135 W 52ND Street 30B
Listed by: Corcoran Group
16
58 W 58th Street 19A
$1,750,000
1 BD · 2 BA · 975 sqft · Condo
58 W 58th Street 19A
Listed by: Keller Williams NYC
10
111 W 56TH Street 34A
$2,000,000
1 BD · 1 BA · 707 sqft · Condo
111 W 56TH Street 34A
Listed by: Berkshire Hathaway HomeServices New York Properties
16
17 W 54TH Street 6C
$999,000
1 BD · 1 BA · Co-op
17 W 54TH Street 6C
Listed by: City Sphere
16
205 W 57th Street 4DD
$540,000
1 BD · 1 BA · 594 sqft · Co-op
205 W 57th Street 4DD
Listed by: Keller Williams NYC
6
16 W 40th Street 22B
$1,900,000
1 BD · 1 BA · 1,074 sqft · Condo
16 W 40th Street 22B
Listed by: Compass
7
172 MADISON Avenue 17C
$1,585,000
1 BD · 2 BA · 937 sqft · Condo
172 MADISON Avenue 17C
Listed by: Douglas Elliman Real Estate
13
17 W 54th Street 9C
$795,000
1 BD · 1 BA · Co-op
17 W 54th Street 9C
Listed by: Compass
18
247 W 46th Street 1404
$1,175,000
1 BD · 2 BA · 951 sqft · Condo
247 W 46th Street 1404
Listed by: Compass
9
45 W 54TH Street 9E
$949,000
2 BD · 2 BA · Co-op
45 W 54TH Street 9E
Listed by: Douglas Elliman Real Estate
9
205 W 54th Street 5F
$535,000
1 BD · 1 BA · Co-op
205 W 54th Street 5F
Listed by: Compass
13
24 W 55TH Street 6C
$699,000
1 BD · 1 BA · Co-op
24 W 55TH Street 6C
Listed by: Brown Harris Stevens Residential Sales LLC
7
25 W 54TH Street 10B
$550,000
1 BD · 1 BA · Co-op
25 W 54TH Street 10B
Listed by: The Agency Brokerage
10
24 W 55th Street 3D
$699,000
1 BD · 1 BA · Co-op
24 W 55th Street 3D
Listed by: Compass
8
372 5TH Avenue 7M
$750,000
1 BD · 1 BA · Co-op
372 5TH Avenue 7M
Listed by: Corcoran Group
8
325 5th Avenue 23A
$2,250,000
2 BD · 2 BA · 1,176 sqft · Condo
325 5th Avenue 23A
Listed by: Compass
11
445 5th Avenue 10H
$850,000
1 BD · 1 BA · 675 sqft · Condo
445 5th Avenue 10H
Listed by: Sothebys International Realty

REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.

Nearby Neighborhoods

Midtown Property Type Pages

Why Work With Milton in Midtown

25+ years

Experience across NYC

1,000+

Transactions closed

Since 2000

Active in Manhattan

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Midtown buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.

Reviews

Milton helped me purchase my first Manhattan condo, and I can't recommend him highly enough. What could have been a stressful process ended up feeling remarkably smooth. From the initial offer through closing, Milton was responsive, knowledgeable, and always willing to take the time to answer questions and explain the details. I always felt informed and supported, but never pressured. If you're looking for a broker who is knowledgeable, trustworthy, responsive, and genuinely invested in helping his clients succeed, I would absolutely recommend Milton.

M
Mr. B
Buyer · Manhattan

Milton was extremely helpful in finding my dream place. He was quick, friendly, and extremely responsive. He made the process so easy for me that it really took a weight off my shoulders. He took his time to work with my schedule and make sure I felt comfortable in my new place. I am really thankful. Highly recommend.

P
Pia P.
Renter · Manhattan

Map

Related Articles

New This Week in Midtown

Sale listings that came on the market in the last 7 days.

Homes in Midtown take a median 76 days to go into contract. Source: RLS/REBNY closed and active listings, April 2, 2026 to October 2, 2026.

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RLS at REBNY

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Frequently Asked Questions about Midtown

The median sale price in Midtown is $2.1M. Condos sit at a median of $3.4M and co-ops at $699K. Sale prices are up 17.0% year over year.

Sale listings in Midtown have a median of 76 days on market. That is 18 days faster than the same point a year ago. Roughly 30.3% of active listings have recorded a price cut, suggesting some negotiating room.

Midtown is broadly balanced right now, with median days on market at 76 days and 30.3% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Midtown offers both co-ops and condos. Condos are the higher-priced segment at a $3.4M median, with co-ops at $699K.

Roughly 20 homes change hands each month in Midtown across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Midtown is $5,765/month. Live RLS listings show studios at $6,348, 1-bedrooms at $5,095, 2-bedrooms at $15,000, 3+ bedrooms at $16,500 per month. Rents are up 2.9% year over year.

Median asking rent in Midtown is currently $235 below the 5-year high set in March 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Midtown has risen 44.1% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Midtown, median sale prices range across Central Park South at $1.7M, Midtown West at $895K, Midtown East at $875K, Midtown South at $765K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Midtown is served by the 1, 2, 3, 4, 5, 6, 7, A, B, C, D, E, F, M, N, Q, R, S, W trains. The commute to Midtown Manhattan runs roughly 8 minutes from Times Sq-42 St.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Midtown, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].

How I Can Help in Midtown

Milton Coste, Licensed Real Estate Associate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC · NY #10301213304

25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Midtown, I will guide you every step of the way.

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