Downtown, NY Housing Market

$929,417

5.2% 1-yr

The average Downtown, NY home value is $929,417, up 5.2% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Downtown Key Takeaways

Typical Home Values: $929,417

1-year Value Change: +5.2%

(Data through March 31, 2025)

Downtown Housing Market Overview

--1-year Market Forecast

61For sale inventory(March 31, 2025)

14New listings(March 31, 2025)

--Median sale to list ratio

--Median sale price(February 28, 2025)

$1,023,500Median list price(March 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Brooklyn Heights$1,313,992
Boerum Hill$1,543,903
Fort Greene$1,215,570
DUMBO$1,660,100
Cobble Hill$1,826,946
Navy Yard--
Columbia Street Waterfront District$1,134,313
Carroll Gardens$1,774,080
Clinton Hill$974,458

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Downtown Rental Market Trends

--Average rent in Downtown

$2,005National average rent(March 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.