ZIP 10040 Housing Market Report
New York Metro
Report period: May 2026
10040 Monthly Market Update – May 2026
ZIP 10040 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,999
+6.4%
Median DOM (Sales)
29
−19.4%
New Listings (Sales)
7
−46.2%
Median Rent
$3,271
0.0%
Median DOM (Rental)
46
−6.1%
Total Rental Listings
63
+3.3%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (21 DOM)
- Fastest renting: Condo (40 DOM)
- Strongest bedroom: 6 Beds ($1,750,000 median)
Sales Market Overview
Median Price
$499,999
+6.4%
Median DOM
29
−19.4%
New Listings
7
−46.2%
Inventory
52
+23.8%
- Average Price: $568,200
- Median Price: $499,999
- Price Range: $229,998 – $1,750,000
- Price per Sq Ft (Avg/Median): $654 / $636
- Square Footage (Avg/Median): 996 / 750
- Square Footage Range: 344 – 3,720
- Days on Market (Avg/Median): 55 / 29
- Days on Market Range: 4 – 333
- New Listings: 7
- Total Listings: 52
Sales by Property Type
Condo
Avg/Median Price$520,948 / $499,000Range$229,998 – $1,350,000Price per Sq Ft$647 / $636Sq Ft837 / 750DOM55 / 29New7Total50
Multi-Family
Avg/Median Price$1,749,500 / $1,749,000Range$1,749,000 – $1,750,000Price per Sq Ft$729 / $470Sq Ft2,745 / 1,770DOM42 / 21New0Total2
Sales by Bedroom Count
Studio
Avg:$238,750Median:$230,000Range:$229,998 – $265,000PSF:$646 / $624Sq Ft:384 / 344DOM:67 / 53New:0Total:4
1 Beds
Avg:$424,562Median:$409,000Range:$260,000 – $625,000PSF:$625 / $618Sq Ft:726 / 700DOM:70 / 48New:2Total:24
2 Beds
Avg:$577,494Median:$559,000Range:$399,000 – $799,000PSF:$619 / $591Sq Ft:992 / 916DOM:42 / 23New:4Total:18
3 Beds
Avg:$1,127,000Median:$979,000Range:$979,000 – $1,350,000PSF:$779 / $753Sq Ft:1,408 / 1,300DOM:16 / 11New:1Total:4
5 Beds
Avg:$1,749,000Median:$1,749,000Range:$1,749,000 – $1,749,000PSF:$988 / $988Sq Ft:1,770 / 1,770DOM:21 / 21New:0Total:1
6 Beds
Avg:$1,750,000Median:$1,750,000Range:$1,750,000 – $1,750,000PSF:$470 / $470Sq Ft:3,720 / 3,720DOM:62 / 62New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $238,750 | $230,000 | $229,998 – $265,000 | $646 / $624 | 384 / 344 | 67 / 53 | 0 | 4 |
| 1 Beds | $424,562 | $409,000 | $260,000 – $625,000 | $625 / $618 | 726 / 700 | 70 / 48 | 2 | 24 |
| 2 Beds | $577,494 | $559,000 | $399,000 – $799,000 | $619 / $591 | 992 / 916 | 42 / 23 | 4 | 18 |
| 3 Beds | $1,127,000 | $979,000 | $979,000 – $1,350,000 | $779 / $753 | 1,408 / 1,300 | 16 / 11 | 1 | 4 |
| 5 Beds | $1,749,000 | $1,749,000 | $1,749,000 – $1,749,000 | $988 / $988 | 1,770 / 1,770 | 21 / 21 | 0 | 1 |
| 6 Beds | $1,750,000 | $1,750,000 | $1,750,000 – $1,750,000 | $470 / $470 | 3,720 / 3,720 | 62 / 62 | 0 | 1 |
Rental Market Overview
Median Rent
$3,271
0.0%
Median DOM
46
−6.1%
New Listings
6
Inventory
63
+3.3%
- Average Rent: $3,413
- Median Rent: $3,271
- Rent Range: $2,000 – $5,547
- Rent per Sq Ft (Avg/Median): $5 / $5
- Square Footage (Avg/Median): 674 / 647
- Square Footage Range: 400 – 1,108
- Days on Market (Avg/Median): 69 / 46
- Days on Market Range: 4 – 357
- New Listings: 6
- Total Listings: 63
Rentals by Property Type
Apartment
$2,600
Median DOM: 65
Inventory: 14
MoM: 0.0%
Condo
$3,390
Median DOM: 40
Inventory: 43
MoM: 0.0%
Single Family
$2,734
Median DOM: 68
Inventory: 6
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Apartment
Avg/Median Rent$2,704 / $2,600Range$2,000 – $3,900Rent per Sq Ft$4 / $4Sq Ft682 / 600DOM133 / 65New1Total14
Condo
Avg/Median Rent$3,677 / $3,390Range$2,387 – $5,547Rent per Sq Ft$6 / $5Sq Ft673 / 647DOM52 / 40New4Total43
Single Family
Avg/Median Rent$3,169 / $2,734Range$2,657 – $4,217Rent per Sq Ft—Sq Ft—DOM76 / 68New1Total6
Rentals by Bedroom Count
Studio
Avg:$2,956Median:$3,111Range:$2,100 – $3,291PSF:$6 / $6Sq Ft:514 / 501DOM:88 / 46New:1Total:15
1 Beds
Avg:$3,063Median:$3,125Range:$2,000 – $3,720PSF:$5 / $5Sq Ft:609 / 647DOM:62 / 36New:4Total:31
2 Beds
Avg:$4,577Median:$4,553Range:$2,880 – $5,547PSF:$5 / $5Sq Ft:948 / 840DOM:64 / 47New:1Total:15
3 Beds
Avg:$3,523Median:$3,300Range:$3,300 – $3,746PSF:$4 / $3Sq Ft:938 / 875DOM:65 / 65New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,956 | $3,111 | $2,100 – $3,291 | $6 / $6 | 514 / 501 | 88 / 46 | 1 | 15 |
| 1 Beds | $3,063 | $3,125 | $2,000 – $3,720 | $5 / $5 | 609 / 647 | 62 / 36 | 4 | 31 |
| 2 Beds | $4,577 | $4,553 | $2,880 – $5,547 | $5 / $5 | 948 / 840 | 64 / 47 | 1 | 15 |
| 3 Beds | $3,523 | $3,300 | $3,300 – $3,746 | $4 / $3 | 938 / 875 | 65 / 65 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$499,000Median DOM:92New:2Total:41
Jan 2026
Median Price:$475,000Median DOM:87New:8Total:36
Feb 2026
Median Price:$475,000Median DOM:51New:2Total:25
Mar 2026
Median Price:$449,000Median DOM:47New:13Total:34
Apr 2026
Median Price:$470,000Median DOM:36New:13Total:42
May 2026
Median Price:$499,999Median DOM:29New:7Total:52
6-Month Rental Trend
Dec 2025
Median Rent:$3,387Median DOM:51New:9Total:55
Jan 2026
Median Rent:$3,316Median DOM:48New:21Total:64
Feb 2026
Median Rent:$3,316Median DOM:48New:17Total:74
Mar 2026
Median Rent:$3,264Median DOM:41New:20Total:79
Apr 2026
Median Rent:$3,271Median DOM:49New:8Total:61
May 2026
Median Rent:$3,271Median DOM:46New:6Total:63
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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.
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