This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Murray Hill Home Prices

The data below shows median sales prices for Murray Hill Manhattan homes, co-ops and condos as determined from New York City property records in December 2010. For the 3 months ending December 2010, the median sales price for all Murray Hill homes and apartments was $586,250¹. A history of quarterly median sales prices is below. For a less volatile look at pricing, see the 12 month rolling median price data. Affordability based on income and recorded home sales is also calculated.

Quarterly Rolling Home Price History for Murray Hill

Compared to the 3 months ending December 2009, the combined median price for the 3 month period ending December 2010 is 9.38% higher.

The quarterly rolling median price for all homes and apartments in manhattan reached its most recent peak of $1,094,110 in February 2008. At $586,250, the current quarterly rolling median price is now 46.42% lower. When the quarterly rolling median price hit its lowest point (to date) of $525,000 in November 2009 it was 52.02% off the most recent peak. It has since climbed 11.67% from that post peak low.

Quarterly Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Quarterly Rolling Median Sales Prices for the Last Year

12 Month Rolling Home Price History for Murray Hill

The 12 month rolling median price for all homes and apartments in manhattan reached its most recent peak of $946,972 in November 2008. At $590,000, the current 12 month rolling median price is now 37.70% lower. When the 12 month rolling median price hit its lowest point (to date) of $560,000 in June 2010 it was 40.86% off the most recent peak. It has since climbed 5.36% from that post peak low.

12 Month Rolling Median Sales Prices: Houses, CO-OPs, Condos, Combined

History of Rolling Median Sales Prices for the Last Year

Murray Hill Home Affordability

In 2007, the median household income in Manhattan was $62,268². Home affordability guidelines suggest that no more than 30% of household income be spent servicing a home loan. For the median Manhattan household, this would have meant that a monthly mortgage payment should not have exceeded $1,557 using the 2007 average mortgage rate of 6.34%³. Combining this with 2007 property sales records, we can calculate that the median income household could have potentially afforded approximately 4.46% of the homes and apartments sold in Murray Hill in all of 2007.