Is Midtown East, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Midtown East has remained a Buyer's Market.
Housing Prices in Midtown East, NY
How much do homes in Midtown East, NY cost?
Median Sold Price
$1,137,120
$1,230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midtown East was $1,137,120 in April 2024, up 3.5% from last year, and the median price per square foot was $1,230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $734.5K | $702K | -4.4% |
2 Bedrooms | $1.3M | $1.3M | -3.2% |
3 Bedrooms | $2.2M | $2.7M | +22.4% |
4 Bedrooms | $2.8M | $4.4M | +56.1% |
5+ Bedrooms | $5.4M | $7.4M | +38.2% |
Summary: Midtown East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 56.1%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Neighborhoods
Midtown East | $1.0M | $1.1M | +3.5% |
Sutton Place | $999.1K | $987.5K | -1.2% |
Turtle Bay | $1.0M | $1.0M | -3.9% |
Theater District | $1.2M | $1.1M | -6.9% |
Housing Supply in Midtown East, NY
How many homes are available in Midtown East, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
885 | 878 | -0.8% |
Summary: The Midtown East real estate market had 878 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 303 | 289 | -4.6% |
2 Bedrooms | 327 | 324 | -0.9% |
3 Bedrooms | 159 | 162 | +1.9% |
4 Bedrooms | 58 | 59 | +1.7% |
5+ Bedrooms | 38 | 44 | +15.8% |
Summary: The Midtown East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 56 | +9.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Midtown East in April 2024, up by 9.8% month-over-month. Of the 56 sold homes, 14% were sold under asking, 84% were sold at asking, and 2% were sold over asking.
Days on Market for Midtown East, NY
How long does it take to sell a home in Midtown East, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 172 Days | +300.0% |
Summary: Homes in Midtown East had an average of 172 days on market in Apr 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Midtown East; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.