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Manhattan Market Trends for February 2020

By
Real Estate Sales Representative with RE/MAX Suburban

Manhattan home sales for the month of February rose in volume by 260% when compared to last year, while the median sale price decreased by 14.2% from $265,000 to $227,318. The number of Single Family homes sales rose by 125%, while the median sale price rose by 21.3% from $268,000 to $325,000. Condo/townhome sales rose by 800%, while the median sale price rose by 25.2% from $149,000 to $186,500.

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Median Sale Prices for Manhattan

222k
289k
250k
265k
274k
225k
215k
266k
288k
196k
242k
249k
243k
230k
209k
227k
11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20

Number of Sales for Manhattan

15
12
5
5
16
13
23
20
19
31
14
21
27
19
11
18
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Real Estate Sales for February in Manhattan

  February Year to Date (Jan 1 - March 3)
  2019 2020 Change 2019 2020 Change
Homes Sold 5 18 +260% 11 29 +163.6%
(Single Family) 4 9 +125% 8 14 +75%
(Condos/Townhomes) 1 9 +800% 3 15 +400%
Median Sale Price $265,000 $227,318 -14.2% $265,000 $209,000 -21.1%
(Single Family) $268,000 $325,000 +21.3% $270,500 $301,375 +11.4%
(Condos/Townhomes) $149,000 $186,500 +25.2% $149,000 $185,000 +24.2%
Days on Market 11 22 +95.5% 11 16 +45.5%
(Single Family) 12 34 +183.3% 11 16 +45.5%
(Condos/Townhomes) 4 15 +275% 10 26 +160%

HomesByMarco sold over 300 homes last year

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Marco Amidei in an IL licensed real estate broker with RE/MAX Suburban. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than MRED Smart-Frame IDX Demo are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being 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.

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