Year-over-year, Manhattan’s rolling three-month typical home value has climbed sharply, rising nearly 28 percent, even as the number of homes sold has fallen by about 16 percent. At the same time, inventory has tightened with active listings down nearly 23 percent from a year ago, while months of supply has roughly doubled, signaling a notable shift in how long it may take to clear the available homes.
In the latest rolling three-month period ending in August 2026, the typical home value sits at about $702,000 and the median list price is around $619,000, highlighting a gap between what buyers are paying and what sellers are asking. Homes are spending a median of 53 days on the market, up slightly from last year, and only about 30 percent are going under contract within two weeks, suggesting buyers have a bit more time to make decisions.
Conditions still lean toward sellers overall, with the market gauge placing Manhattan in seller’s market territory even though months of supply has increased to 3.4. With new listings down more than 30 percent year over year and pending sales also lower than last year, both sides face a landscape where pricing and timing matter. Buyers and sellers who want to navigate these shifting trends can turn to Agent Pronto to connect with an experienced local agent who understands Manhattan’s market dynamics.
