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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
224 active listings · Median $1.9M
Calculating market narrative...
A condo-dominant submarket with moderate rent growth, rising sale prices, and sale listings sitting longer than a year ago.
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 stands at $1.88M, 37.3% below the 5-year high recorded in Apr 2026. Sale prices are up +5.9% year over year. Sale listings are clearing 18 days slower than at this point last year.
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.
Source: StreetEasy market data, through Jun 2026.
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.
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)
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 442 |
| Pending Sales | 77 |
| New This Week | 6 |
| New This Month | 26 |
| Avg DOM | 125.5 days |
| Price Cut Rate | 8.6% |
| Recent Sales | |
| Sold Last 30 Days | 15 |
| Sold Last 90 Days | 62 |
| Sale-to-List | 95.0% |
| Asking Prices | |
| Median Asking | $1,880,000 |
| Average Asking | $4,959,054 |
| Median $/SqFt | $1,735 |
| Median Condo | $2,608,000 |
| Median Co-op | $545,000 |
Based on active listings in Midtown
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 14 | $697,000 | $375K - $6.80M |
| 1 Bedroom | 85 | $1,095,000 | $525K - $5.25M |
| 2 Bedrooms | 70 | $2,395,000 | $350K - $40.00M |
| 3+ Bedrooms | 50 | $10,237,500 | $1.30M - $50.00M |
View active listings by size:
Properties in Midtown
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.
Experience across NYC
Transactions closed
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.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
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Hamilton Heights median sale price: $873K with 77-day average DOM. Landmark brownstones, Columbia proximity, and one of Manhattan's last remaining values.
Co-op listings on the Upper East and Upper West Side are sitting 60+ days as condo demand stays firm. Full borough-by-borough prices and forecasts.
Sale listings that came on the market in the last 7 days.
Homes in Midtown take a median 126 days to sell. Source: StreetEasy market data.
50 W 47TH Street #2007
Midtown
A 2,823 sq ft condo in Midtown.
135 W 52ND Street #27A
Midtown
Among the lower-priced 4-bedroom condos currently listed in the neighborhood.
372 5TH Avenue #3M
Midtown
Priced below the neighborhood 1-bedroom co-op median of $1,095,000.
17 W 54TH Street #6C
Midtown
Priced below the neighborhood 1-bedroom co-op median of $1,095,000.
159 W 53RD Street #14F
Midtown
Priced below the neighborhood 1-bedroom condo median of $1,095,000.
159 Madison Avenue #9D
Midtown
Among the lower-priced 1-bedroom co-ops currently listed in the neighborhood.
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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.
The median sale price in Midtown is $1.9M. Condos sit at a median of $2.6M and co-ops at $545K. Sale prices are up 5.9% year over year.
No. The median sale price in Midtown is currently 37.3% below the 5-year high recorded in April 2026. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Midtown have a median of 125.5 days on market. That is 18 days slower than the same point a year ago. Only 8.6% of active listings have a price cut on record, signaling tight pricing.
Midtown is broadly balanced right now, with median days on market at 125.5 days and 8.6% 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 $2.6M median, with co-ops at $545K.
Roughly 27 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 $9,000, 1-bedrooms at $5,800, 2-bedrooms at $11,125, 3+ bedrooms at $14,148 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].
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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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