The average price for residential real estate in Manhattan, New York increased for luxury, new developments, and condos. Conversely, prices for re-sale and co-op properties declined slightly. In the third quarter of 2024, the average square footage price for a re-sale property was ***** U.S. dollars per square foot.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in New York (MEDLISPRIPERSQUFEENY) from Jul 2016 to Oct 2025 about square feet, NY, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (MEDLISPRIPERSQUFEEYY35620) from Jul 2017 to Oct 2025 about square feet, NJ, New York, PA, NY, listing, median, price, and USA.

Between 2020 and 2022, the average square footage price of one-to-three family homes in Queens, New York increased. Existing condo prices, on the other hand, fell from ***** U.S. dollars per square foot in the ********************* to *** U.S. dollars per square foot in the *********************.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in New York County, NY (MEDLISPRIPERSQUFEEYY36061) from Jul 2017 to Oct 2025 about New York County, NY; square feet; New York; NY; listing; median; price; and USA.

In 2024, the average square footage price of condos and new development condos in Brooklyn, NY declined slightly. Prices of one-to-three family homes, on the other hand, increased from *** U.S. dollars per square foot in the third quarter of 2023 to *** U.S. dollars in the third quarter of 2024.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Queens County, NY (MEDLISPRIPERSQUFEE36081) from Jul 2016 to Oct 2025 about Queens County, NY; square feet; New York; NY; listing; median; price; and USA.

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over ***** more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over **** percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

As of the second quarter 2025, New York had *** of the highest construction costs for prime offices in the United States, at over *** U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also had some of the tallest skyscrapers in the United States. What element affect construction costs? Location and topography have a big impact on construction costs, for example, earthquake-prone zones have more stringent building requirements which will affect cost of materials, supplies, and labor. Increased interest in sustainability has also prompted sustainable certification across the country, most noticeably as LEED-registered offices. Slow growth of the office construction segmentThe value of new private office construction in the U.S. has kept rising in the past years, but at a slower rate than before 2019. The changes in the way people work, with part of the workforce working from home at least part of their week might have hindered investment in office real estate.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Nassau County, NY (MEDLISPRIPERSQUFEE36059) from Jul 2016 to Oct 2025 about Nassau County, NY; square feet; New York; NY; listing; median; price; and USA.

The average asking rent for Class A office space in Midtown Manhattan was ***** U.S. dollars per square foot in the second quarter of 2025. It was above the Manhattan average of ***** U.S. dollars but below that of Midtown South, which was the most expensive district at ***** U.S. dollars per square foot. What is Class A real estate?Class A real estate refers to the best properties in terms of appearance, age, quality of infrastructure and location. These properties usually command the highest rental rates, due to their high quality. In the U.S., Manhattan has the most expensive rents for Class A offices.Midtown vs Midtown SouthMidtown Manhattan contains the Empire State Building, MoMA, Grand Central Station, and the United Nations Headquarters. The most expensive submarket there was Plaza District in 2025. Meanwhile, Midtown South is home to Madison Square Garden, Pennsylvania Station, Hudson Yards, and Koreatown. In 2025, the most expensive submarket there was Hudson Yards, followed by Chelsea and Hudson Square.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York County, NY was 1.12% in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York County, NY reached a record high of 2.74 in January of 2022 and a record low of -3.49 in June of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York County, NY - last updated from the United States Federal Reserve on November of 2025.

New York City - Median Listing Price per Square Feet - Historical chart and current data through 2025.

In District of Columbia, the average rent per square foot was **** U.S. dollars in 2018, whereas renters in Oregon were expected to pay half as much in rent per square foot. DC was the most expensive state for renters, followed by New York, Hawaii, Massachusetts and California. Why is DC so expensive? District of Columbia is the center of the U.S. political system with all three branches of federal government sitting there: Congress (legislative), President (executive) and the Supreme Court (judicial). The above average household incomes of its residents mean that high rents are still sustainable for the rental market. Limited space in DC DC has the largest share of apartment dwellers in the country. This is most likely due to limited space, as the federal district has a much higher population density than the states. The political importance of DC and the high population density suggest that the federal district is likely to retain its spot as the most expensive rental market in the future.

In the second quarter of 2025, Portland was one of the U.S. cities with the most expensive average construction cost for industrial warehouses. Constructing a warehouse in that city could have a cost that ranged between *** and *** U.S. dollars per square foot. It was followed by Honolulu and San Francisco, although at some distance. Meanwhile, Miami and Austin were the least expensive cities to build warehouses. The most expensive U.S. cities to construct residential buildings were New York, Honolulu and San Francisco.

Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) was 515.00000 U.S. $ in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) reached a record high of 563.00000 in May of 2024 and a record low of 244.00000 in August of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) - last updated from the United States Federal Reserve on November of 2025.

Context

This dataset includes the median list price divided by the square footage of a 1-bedroom home for a select number of neighborhoods around the United States.

Content

When available, data includes median price per square foot on a monthly basis between January 2010 and September 2016.

Selected neighborhoods include:

• Upper East Side, New York, NY
• Spring Valley, Las Vegas, NV
• Hollywood, Los Angeles, CA
• Williamsburg, New York, NY
• Harlem, New York, NY
• Enterprise, Las Vegas,NV
• Downtown, San Jose, CA
• Sheepshead Bay, New York, NY
• Forest Hills, New York, NY
• Jackson Heights, New York, NY
• Gramercy, New York, NY
• Flagami, Miami, FL
• Downtown, Memphis, TN
• Chelsea, New York, NY
• Oak Lawn, Dallas, TX
• Greater Uptown, Houston, TX
• South Loop, Chicago, IL
• Makiki-Lower Punchbowl-Tantalus, Honolulu, HI
• Downtown, Los Angeles, CA
• Capitol Hill, Seattle, WA
• Clinton, New York, NY
• Alexandria West, Alexandria, VA
• Financial District, New York, NY
• Flatiron District, New York, NY
• Landmark-Van Dom, Alexandria, VA
• Flamingo Lummus, Miami Beach, FL
• Winchester, Las Vegas, NV
• Brickell, Miami, FL
• Waikiki, Honolulu, HI
• Back Bay, Boston, MA
• Sutton Place, New York, NY
• and several others

Inspiration

• What neighborhoods have the most expensive real estate per square foot? Least expensive?
• Which neighborhoods and/or cities have the fastest growth rates in price?
• Are there any neighborhoods that remain relatively steady in price?
• Given that this metric is listing price per square foot, is there a similar dataset that could help you compare median square footage in a 1-bedroom home across neighborhoods?

Acknowledgement

This dataset is part of Zillow Data, and the original source can be found here, under the Neighborhoods link.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York was 0.59% in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York reached a record high of 8.54 in July of 2020 and a record low of -4.80 in June of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York - last updated from the United States Federal Reserve on December of 2025.

This statistic shows the median size of new residential units in Manhattan and Brooklyn, New York in the first quarter 2018. In that quarter, the median size of newly developed two-bed units sold in Manhattan amounted to ***** square feet, whereas the median size of those sold in Brooklyn was ***** square feet.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Binghamton, NY (CBSA) (MEDLISPRIPERSQUFEE13780) from Jul 2016 to Oct 2025 about Binghamton, square feet, NY, listing, median, price, and USA.