ZIP 10016 Housing Market Report
New York Metro
Report period: May 2026
10016 Monthly Market Update – May 2026
ZIP 10016 · Last updated May 13, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$998,000
−0.1%
Median DOM (Sales)
62
+5.1%
New Listings (Sales)
35
−74.3%
Median Rent
$5,208
+0.2%
Median DOM (Rental)
28
+12.0%
Total Rental Listings
1,512
+4.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Townhouse (58 DOM)
- Fastest renting: Single Family (13 DOM)
- Strongest bedroom: 7 Beds ($7,350,000 median)
Sales Market Overview
Median Price
$998,000
−0.1%
Median DOM
62
+5.1%
New Listings
35
−74.3%
Inventory
641
+3.1%
- Average Price: $1,441,308
- Median Price: $998,000
- Price Range: $150,000 – $9,990,000
- Price per Sq Ft (Avg/Median): $1,383 / $1,327
- Square Footage (Avg/Median): 1,153 / 884
- Square Footage Range: 312 – 6,830
- Days on Market (Avg/Median): 96 / 62
- Days on Market Range: 2 – 365
- New Listings: 35
- Total Listings: 641
Sales by Property Type
Apartment
Avg/Median Price$2,328,333 / $1,525,000Range$960,000 – $4,500,000Price per Sq Ft$1,173 / $1,173Sq Ft1,300 / 1,300DOM197 / 229New0Total3
Condo
Avg/Median Price$1,361,953 / $995,000Range$150,000 – $9,990,000Price per Sq Ft$1,389 / $1,330Sq Ft1,068 / 871DOM95 / 62New35Total623
Multi-Family
Avg/Median Price$4,500,000 / $4,500,000Range$4,500,000 – $4,500,000Price per Sq Ft$1,213 / $1,213Sq Ft3,709 / 3,709DOM71 / 71New0Total1
Single Family
Avg/Median Price$2,114,667 / $1,695,000Range$699,000 – $3,950,000Price per Sq Ft$1,613 / $1,279Sq Ft1,678 / 1,325DOM89 / 63New0Total3
Townhouse
Avg/Median Price$5,232,091 / $4,995,000Range$400,000 – $9,200,000Price per Sq Ft$1,046 / $1,151Sq Ft5,407 / 5,735DOM108 / 58New0Total11
Sales by Bedroom Count
Studio
Avg:$671,733Median:$489,900Range:$150,000 – $4,999,950PSF:$1,063 / $1,000Sq Ft:661 / 500DOM:89 / 50New:11Total:127
1 Beds
Avg:$957,891Median:$875,000Range:$225,000 – $2,475,000PSF:$1,360 / $1,327Sq Ft:788 / 769DOM:91 / 66New:16Total:288
2 Beds
Avg:$1,805,059Median:$1,595,000Range:$365,000 – $4,695,000PSF:$1,490 / $1,385Sq Ft:1,275 / 1,203DOM:94 / 61New:8Total:152
3 Beds
Avg:$3,691,232Median:$2,995,000Range:$1,095,000 – $9,990,000PSF:$1,700 / $1,599Sq Ft:2,346 / 2,137DOM:140 / 79New:0Total:56
4 Beds
Avg:$3,666,333Median:$3,295,000Range:$1,808,000 – $7,750,000PSF:$1,268 / $1,200Sq Ft:2,978 / 2,900DOM:126 / 71New:0Total:9
5 Beds
Avg:$5,266,000Median:$4,798,000Range:$3,750,000 – $7,250,000PSF:$1,260 / $1,200Sq Ft:4,307 / 4,000DOM:122 / 55New:0Total:3
6 Beds
Avg:$5,094,600Median:$4,995,000Range:$1,278,000 – $9,200,000PSF:$975 / $959Sq Ft:4,212 / 5,735DOM:125 / 58New:0Total:5
7 Beds
Avg:$7,350,000Median:$7,350,000Range:$7,350,000 – $7,350,000PSF:$1,289 / $1,289Sq Ft:5,700 / 5,700DOM:11 / 11New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $671,733 | $489,900 | $150,000 – $4,999,950 | $1,063 / $1,000 | 661 / 500 | 89 / 50 | 11 | 127 |
| 1 Beds | $957,891 | $875,000 | $225,000 – $2,475,000 | $1,360 / $1,327 | 788 / 769 | 91 / 66 | 16 | 288 |
| 2 Beds | $1,805,059 | $1,595,000 | $365,000 – $4,695,000 | $1,490 / $1,385 | 1,275 / 1,203 | 94 / 61 | 8 | 152 |
| 3 Beds | $3,691,232 | $2,995,000 | $1,095,000 – $9,990,000 | $1,700 / $1,599 | 2,346 / 2,137 | 140 / 79 | 0 | 56 |
| 4 Beds | $3,666,333 | $3,295,000 | $1,808,000 – $7,750,000 | $1,268 / $1,200 | 2,978 / 2,900 | 126 / 71 | 0 | 9 |
| 5 Beds | $5,266,000 | $4,798,000 | $3,750,000 – $7,250,000 | $1,260 / $1,200 | 4,307 / 4,000 | 122 / 55 | 0 | 3 |
| 6 Beds | $5,094,600 | $4,995,000 | $1,278,000 – $9,200,000 | $975 / $959 | 4,212 / 5,735 | 125 / 58 | 0 | 5 |
| 7 Beds | $7,350,000 | $7,350,000 | $7,350,000 – $7,350,000 | $1,289 / $1,289 | 5,700 / 5,700 | 11 / 11 | 0 | 1 |
Rental Market Overview
Median Rent
$5,208
+0.2%
Median DOM
28
+12.0%
New Listings
172
Inventory
1,512
+4.8%
- Average Rent: $5,505
- Median Rent: $5,208
- Rent Range: $1,700 – $9,995
- Rent per Sq Ft (Avg/Median): $8 / $8
- Square Footage (Avg/Median): 738 / 686
- Square Footage Range: 302 – 3,895
- Days on Market (Avg/Median): 62 / 28
- Days on Market Range: 1 – 355
- New Listings: 172
- Total Listings: 1,512
Rentals by Property Type
Apartment
$4,900
Median DOM: 36
Inventory: 506
MoM: +0.2%
Condo
$5,300
Median DOM: 23
Inventory: 891
MoM: +0.2%
Single Family
$4,200
Median DOM: 13
Inventory: 59
MoM: +0.2%
Townhouse
$6,100
Median DOM: 36
Inventory: 55
MoM: +0.2%
Apartment
Avg/Median Rent$5,236 / $4,900Range$1,775 – $9,995Rent per Sq Ft$8 / $8Sq Ft718 / 670DOM112 / 36New51Total506
Condo
Avg/Median Rent$5,661 / $5,300Range$1,700 – $9,870Rent per Sq Ft$8 / $8Sq Ft742 / 692DOM40 / 23New108Total891
Multi-Family
Avg/Median Rent$4,700 / $4,700Range$4,700 – $4,700Rent per Sq Ft—Sq Ft—DOM60 / 60New0Total1
Single Family
Avg/Median Rent$4,697 / $4,200Range$2,195 – $9,950Rent per Sq Ft$7 / $7Sq Ft767 / 714DOM26 / 13New9Total59
Townhouse
Avg/Median Rent$6,319 / $6,100Range$4,075 – $9,800Rent per Sq Ft$8 / $7Sq Ft789 / 718DOM48 / 36New4Total55
Rentals by Bedroom Count
Studio
Avg:$4,029Median:$4,000Range:$2,195 – $9,500PSF:$9 / $8Sq Ft:502 / 493DOM:52 / 22New:43Total:368
1 Beds
Avg:$5,327Median:$5,295Range:$1,700 – $9,000PSF:$8 / $8Sq Ft:706 / 686DOM:64 / 29New:84Total:734
2 Beds
Avg:$6,951Median:$7,100Range:$2,700 – $9,950PSF:$7 / $7Sq Ft:971 / 1,008DOM:69 / 30New:36Total:307
3 Beds
Avg:$7,606Median:$7,600Range:$4,500 – $9,495PSF:$7 / $7Sq Ft:1,122 / 1,012DOM:56 / 16New:9Total:93
4 Beds
Avg:$8,872Median:$8,900Range:$7,495 – $9,995PSF:$7 / $7Sq Ft:1,272 / 1,300DOM:129 / 174New:0Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $4,029 | $4,000 | $2,195 – $9,500 | $9 / $8 | 502 / 493 | 52 / 22 | 43 | 368 |
| 1 Beds | $5,327 | $5,295 | $1,700 – $9,000 | $8 / $8 | 706 / 686 | 64 / 29 | 84 | 734 |
| 2 Beds | $6,951 | $7,100 | $2,700 – $9,950 | $7 / $7 | 971 / 1,008 | 69 / 30 | 36 | 307 |
| 3 Beds | $7,606 | $7,600 | $4,500 – $9,495 | $7 / $7 | 1,122 / 1,012 | 56 / 16 | 9 | 93 |
| 4 Beds | $8,872 | $8,900 | $7,495 – $9,995 | $7 / $7 | 1,272 / 1,300 | 129 / 174 | 0 | 10 |
6-Month Sales Trend
Dec 2025
Median Price:$999,000Median DOM:102New:36Total:556
Jan 2026
Median Price:$980,000Median DOM:109New:76Total:525
Feb 2026
Median Price:$975,000Median DOM:105New:74Total:515
Mar 2026
Median Price:$995,000Median DOM:71New:123Total:561
Apr 2026
Median Price:$999,000Median DOM:59New:136Total:622
May 2026
Median Price:$998,000Median DOM:62New:35Total:641
6-Month Rental Trend
Dec 2025
Median Rent:$4,895Median DOM:41New:287Total:1,179
Jan 2026
Median Rent:$4,963Median DOM:47New:262Total:1,172
Feb 2026
Median Rent:$5,041Median DOM:42New:274Total:1,204
Mar 2026
Median Rent:$5,100Median DOM:34New:358Total:1,206
Apr 2026
Median Rent:$5,200Median DOM:25New:514Total:1,443
May 2026
Median Rent:$5,208Median DOM:28New:172Total:1,512
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
070010700207003070040700507006070080700907010070110701207013070140701607017070180702007021070220702307024070260702807029070300703107032070330703407035+107 more
← Back to New York Metro