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Manhattan
Manhattan
For buyers focused on affordability, Manhattan has the lower median sale price at $1.1M vs $3.8M in Soho.
Investors analyzing rental yield will find Manhattan offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Soho, which is served by 11 subway lines compared to 5 in Manhattan.
| Metric | Manhattan | Soho |
|---|---|---|
| Median Sale Price | $1,129,900 | $3,805,000 |
| Median Condo Price | $1,550,000 | $3,049,999.5 |
| Median Co-op Price | $865,000 | $3,675,000 |
| Median Rent | $4,750 | $8,495 |
| Active Listings | 7987 | 145 |
| Rental Inventory | 13608 | 147 |
| Days on Market | 64 | 72 |
| Price Cut Share | 11.7% | 12.4% |
| Monthly Sales Volume | 758 | 12 |
| YoY Price Change | +2.7% | +25.5% |
| YoY Rent Change | +7.5% | +14.0% |
| YoY Inventory Change | -0.5% | +0.7% |
| Subway Lines | 1 2 3 B C | 1 6 A C E J N Q R W Z |
Prices in Manhattan moved +2.7% over the past year, compared to +25.5% in Soho. The +25.5% gain in Soho reflects stronger buyer demand relative to available inventory in that market.
Manhattan is the most densely built borough in New York City, stretching 13 miles from Battery Park to Inwood and encompassing over 70 distinct neighborhoods. The housing stock ranges from prewar co-ops on the Upper East Side to luxury glass-tower condominiums in Hudson Yards, from cast-iron loft conversions in SoHo to brownstone townhouses in Harlem. Fourteen subway lines, the PATH train, and multiple ferry routes provide extensive transit coverage.
View Full Market ReportSoHo contains the world's largest concentration of cast-iron architecture, with approximately 250 landmarked buildings within the SoHo-Cast Iron Historic District. The housing stock centers on spacious loft conversions with high ceilings and oversized windows, alongside luxury condominiums and pre-war walk-ups, served by the C, E, N, Q, R, W, 1, 4, and 6 trains. The cobblestone streets and commercial corridors along Broadway, West Broadway, and Prince Street define one of Manhattan's most architecturally distinctive neighborhoods.
View Full Market Report81 St-Museum of Natural History (B C) — 0.1 mi
86 St (1 B C) — 0.2 mi
79 St (1) — 0.5 mi
72 St (1 2 3 B C) — 0.5 mi
96 St (1 2 3 B C) — 0.7 mi
Canal St (1 6 A C E J N Q R W Z) — 0.1 mi
Spring St (6 C E) — 0.2 mi
Prince St (N R W) — 0.3 mi
Franklin St (1) — 0.3 mi
Bowery (J Z) — 0.5 mi
Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Manhattan and Soho both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Manhattan core neighborhoods such as Manhattan and Soho showed shallower price drawdowns than the metro composite. Co-op resale prices in established Manhattan submarkets typically retraced 10% to 15% from 2008 peaks, versus the wider 25% NYC metro decline, reflecting deeper buyer pools and tighter post-2010 inventory.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Manhattan | Soho |
|---|---|---|
| Median Sale Price | $1,129,900 | $3,805,000 |
| Median Rent | $4,750/mo | $8,495/mo |
| Year-over-Year Price Change | +2.7% | +25.5% |
| Average Days on Market | 64 days | 72 days |
| Distance to Nearest Subway | 0.14 mi | 0.14 mi |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated:
