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NEW YORK, NY 10016

Real Estate Market Report
Seller's Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 10016

Bellevue · East Side (Midtown East) · Gramercy Park · Gramercy-Flatiron (Gramercy/Flatiron) · Kips Bay · Midtown · Murray Hill (Curry Hill) · Tudor City

Market Analysis

Data as of July 2026. Source: Realtor.com.

The NEW YORK, NY real estate market (10016) currently shows 508 active listings, with 139 pending sales. Homes are averaging 76 days on the market before going under contract.

Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 76 days on market compared to 83 days last year.

The median listing price has risen 3.1% year-over-year, from $1,017,500 to $1,049,500.

Whether you are buying or selling in NEW YORK, NY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 54,369  ·  Density: 38,182.2/mi²  ·  Median household income: $145,864

Typical home value: $954,699  ·  Homeownership: 27.3%

Market Overview

Active Listings
508
⇩ 2.9% vs 523 last year
Pending
139
27% pending ratio
Median Price
$1,049,500
⇧ 3.1% vs $1,017,500 last year
Average Price
$1,589,656
⇩ 17.3% vs $1,921,135 last year
Days on Market
76
⇩ 8.4% vs 83 days last year

Price Per Square Foot

Median $/sqft
$1,375
⇩ 2.3% vs $1,408/sqft last year
Median Home Size
905 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 508 this year vs 523 last year
  • Days on market: 76 now vs 83 last year

Median & Average Pricing

Year over Year
  • Median: $1,049,500 (+3.1% YoY)
  • Average: $1,589,656 (-17.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 2.3 miles — 2,565 listings ($8,833,104,408 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
10016New York, NY 100160.0 mi436$850,581,936$1,072,500$1,950,876
10017New York, NY 100170.6 mi219$338,502,387$880,000$1,545,673
10018New York, NY 100181.0 mi58$136,673,172$1,690,000$2,356,434
10001New York, NY 100011.1 mi107$385,146,714$2,772,500$3,599,502
11109Long Island City, NY 111091.1 mi10$13,266,250$1,236,500$1,326,625
10036New York, NY 100361.2 mi90$137,992,320$1,198,750$1,533,248
10019New York, NY 100191.5 mi393$2,195,051,982$1,782,500$5,585,374
10014New York, NY 100141.7 mi169$744,033,992$2,170,000$4,402,568
10044New York, NY 100441.9 mi17$16,506,932$945,000$970,996
10021New York, NY 100212.0 mi441$2,124,689,049$1,640,000$4,817,889
11101Long Island City, NY 111012.0 mi376$456,509,872$1,067,500$1,214,122
10013New York, NY 100132.2 mi183$1,187,089,890$4,750,000$6,486,830
10069New York, NY 100692.3 mi66$247,059,912$2,423,000$3,743,332

Frequently Asked Questions

How many homes are for sale in NEW YORK, NY 10016?

As of July 2026, there are 508 active listings in NEW YORK, NY (zip code 10016), compared to 523 the prior year.

What is the median home price in NEW YORK, NY 10016?

The median listing price in NEW YORK, NY 10016 is $1,049,500 as of July 2026, a 3.1% increase from $1,017,500 the prior year.

How long do homes stay on the market in NEW YORK, NY?

Homes in NEW YORK, NY 10016 spend an average of 76 days on the market before going under contract, compared to 83 days the prior year.

Is it a seller's or buyer's market in NEW YORK, NY 10016?

Based on current inventory and days-on-market data as of July 2026, NEW YORK, NY 10016 is currently a Seller's Market. Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 76 days on market compared to 83 days last year.

How much can I save on real estate commission in NEW YORK, NY?

With SELL123.com's maximum 3% commission, sellers in NEW YORK, NY 10016 save an estimated $20,990 compared to a typical 5% commission on the median listing price of $1,049,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.