Is Upper East Side, 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, Upper East Side has remained a Buyer's Market.
Housing Prices in Upper East Side, NY
How much do homes in Upper East Side, NY cost?
Median Sold Price
$1,419,977
$1,285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper East Side was $1,419,977 in April 2024, down 4.7% from last year, and the median price per square foot was $1,285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $720.4K | $708.6K | -1.6% |
2 Bedrooms | $1.4M | $1.4M | -3.0% |
3 Bedrooms | $2.7M | $2.5M | -7.8% |
4 Bedrooms | $4.4M | $4.9M | +10.1% |
5+ Bedrooms | $10.6M | $9.7M | -8.1% |
Summary: Upper East Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
Lenox Hill | $1.4M | $1.5M | +3.7% |
Carnegie Hill | $2.1M | $2.1M | +0.6% |
Upper East Side | $1.4M | $1.4M | -4.7% |
Yorkville | $1.1M | $968K | -13.2% |
Housing Supply in Upper East Side, NY
How many homes are available in Upper East Side, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,696 | 1,670 | -1.5% |
Summary: The Upper East Side real estate market had 1,670 homes for sale in April 2024, a 1.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 489 | 475 | -2.9% |
2 Bedrooms | 493 | 485 | -1.6% |
3 Bedrooms | 357 | 340 | -4.8% |
4 Bedrooms | 189 | 188 | -0.5% |
5+ Bedrooms | 168 | 182 | +8.3% |
Summary: The Upper East Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 123 | +7.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
104 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Upper East Side in April 2024, up by 7.0% month-over-month. Of the 123 sold homes, 14% were sold under asking, 85% were sold at asking, and 2% were sold over asking.
Days on Market for Upper East Side, NY
How long does it take to sell a home in Upper East Side, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 270 Days | +610.5% |
Summary: Homes in Upper East Side had an average of 270 days on market in Apr 2024, up by 610.5% 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, 123 homes were sold in Upper East Side; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.