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-Newark-Jersey City, NY-NJ-PA (CBSA) (MEDLISPRIPERSQUFEE35620) from Jul 2016 to Sep 2025 about square feet, New York, NJ, 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 *********************.

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.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in New York (MEDLISPRIPERSQUFEENY) from Jul 2016 to Sep 2025 about square feet, 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 New York County, NY (MEDLISPRIPERSQUFEE36061) from Jul 2016 to Sep 2025 about New York County, NY; square feet; New York; NY; listing; median; price; and USA.

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

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 Queens County, NY (MEDLISPRIPERSQUFEE36081) from Jul 2016 to Sep 2025 about Queens County, NY; square feet; New York; NY; listing; median; price; and USA.

Manhattan, NY, was the market where renting an office was most expensive in the United States in 2025. The average annual quoted square footage rent of office space was close to ***** U.S. dollars in the second quarter of the year. In Dallas, the market with the second-largest inventory, the annual rent amounted to ***** U.S. dollars per square foot. Since the onset of the coronavirus pandemic, the office real estate sector has been suffering an increase in office vacancies, affecting both downtown and suburban properties. Data on the sales prices of office property also indicates a notable decrease in office real estate valuations.

The average Class B asking rent for office real estate in Manhattan in the fourth quarter of 2023 was ***** U.S. dollars per square foot. The district that reported the highest average Class B rent was Midtown South, where a square foot of space cost ***** U.S. dollars. Between the fourth quarter of 2022 and the fourth quarter of 2023, rents in Midtown South increased, while in Midtown and Downtown, they declined.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

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.

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

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.

Description:

This dataset contains prices of New York houses, providing valuable insights into the real estate market in the region. It includes information such as broker titles, house types, prices, number of bedrooms and bathrooms, property square footage, addresses, state, administrative and local areas, street names, and geographical coordinates.

Key Features:

• BROKERTITLE: Title of the broker
• TYPE: Type of the house
• PRICE: Price of the house
• BEDS: Number of bedrooms
• BATH: Number of bathrooms
• PROPERTYSQFT: Square footage of the property
• ADDRESS: Full address of the house
• STATE: State of the house
• MAIN_ADDRESS: Main address information
• ADMINISTRATIVE_AREA_LEVEL_2: Administrative area level 2 information
• LOCALITY: Locality information
• SUBLOCALITY: Sublocality information
• STREET_NAME: Street name
• LONG_NAME: Long name
• FORMATTED_ADDRESS: Formatted address
• LATITUDE: Latitude coordinate of the house
• LONGITUDE: Longitude coordinate of the house

Potential Use Cases:

• Price analysis: Analyze the distribution of house prices to understand market trends and identify potential investment opportunities.
• Property size analysis: Explore the relationship between property square footage and prices to assess the value of different-sized houses.
• Location-based analysis: Investigate geographical patterns to identify areas with higher or lower property prices.
• Bedroom and bathroom trends: Analyze the impact of the number of bedrooms and bathrooms on house prices.
• Broker performance analysis: Evaluate the influence of different brokers on the pricing of houses.

If you find this dataset useful, your support through an upvote would be greatly appreciated ❤️🙂 Thank you

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Bronx County, NY (MEDLISPRIPERSQUFEE36005) from Jul 2016 to Sep 2025 about Bronx County, NY; square feet; New York; NY; listing; median; price; and USA.

Annual office occupancy costs in the Americas were highest in Manhattan in New York City where they reached over *** U.S. dollars per square foot in the second quarter of 2021. Occupancy costs include service charges and taxes, and are also known as gross rents in the United States. In the same period, office occupancy costs amounted to ***** U.S. dollars per square foot per year in Rio De Janerio, Brazil which was the lowest recorded in the range in this category.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Westchester County, NY (MEDLISPRIPERSQUFEEYY36119) from Jul 2017 to Sep 2025 about Westchester County, NY; square feet; New York; NY; listing; median; price; and USA.