Is Upper West Side, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Upper West Side has remained a Buyer's Market.
Housing Prices in Upper West Side, NY
How much do homes in Upper West Side, NY cost?
Median Sold Price
$1,409,153
$1,424/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper West Side was $1,409,153 in May 2024, down 2.5% from last year, and the median price per square foot was $1,424.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $839.6K | $795K | -5.3% |
2 Bedrooms | $1.5M | $1.4M | -4.4% |
3 Bedrooms | $2.6M | $2.5M | -4.6% |
4 Bedrooms | $4.4M | $4.9M | +12.4% |
5+ Bedrooms | $6.4M | $6.6M | +2.3% |
Summary: Upper West Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
Lincoln Square | $1.8M | $2.5M | +32.6% |
Manhattan Valley | $774K | $845K | +9.2% |
Hell's Kitchen | $1.1M | $1.1M | -1.5% |
Upper West Side | $1.4M | $1.4M | -2.5% |
Housing Supply in Upper West Side, NY
How many homes are available in Upper West Side, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,040 | 970 | -6.7% |
Summary: The Upper West Side real estate market had 970 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 313 | 281 | -10.2% |
2 Bedrooms | 292 | 262 | -10.3% |
3 Bedrooms | 242 | 227 | -6.2% |
4 Bedrooms | 103 | 111 | +7.8% |
5+ Bedrooms | 90 | 89 | -1.1% |
Summary: The Upper West Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.2%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 1.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 81 | -22.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Upper West Side in May 2024, down by 22.9% month-over-month. Of the 81 sold homes, 14% were sold under asking, 81% were sold at asking, and 5% were sold over asking.
Days on Market for Upper West Side, NY
How long does it take to sell a home in Upper West Side, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 91 Days | +87.6% |
Summary: Homes in Upper West Side had an average of 91 days on market in May 2024, up by 87.6% 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 May 2024, 81 homes were sold in Upper West 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.