Is Central Harlem, 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, Central Harlem has remained a Buyer's Market.
Key Takeaway
Central Harlem is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Harlem, NY
How much do homes in Central Harlem, NY cost?
Median Sold Price
$855,000
$869/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Harlem have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Central Harlem was $855,000 in April 2024, up 1.5% from last year, and the median price per square foot was $869.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $649.9K | $571K | -12.2% |
| 2 Bedrooms | $830K | $899K | +8.3% |
| 3 Bedrooms | $1.3M | $1.1M | -18.5% |
| 4 Bedrooms | $1.9M | $1.2M | -35.7% |
| 5+ Bedrooms | $2.8M | $2.7M | -4.6% |
Summary: Central Harlem housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Morningside Heights | $887.5K | $999.2K | +12.6% |
| Central Harlem | $842.5K | $855K | +1.5% |
Housing Supply in Central Harlem, NY
How many homes are available in Central Harlem, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 232 | 237 | +2.2% |
Summary: The Central Harlem real estate market had 237 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 52 | +20.9% |
| 2 Bedrooms | 97 | 97 | 0.0% |
| 3 Bedrooms | 44 | 43 | -2.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 33 | 30 | -9.1% |
Summary: The Central Harlem housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.9%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Harlem, expect to pay close to the asking price. 76.5% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Central Harlem in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 24% were sold under asking, 76% were sold at asking, and 0% were sold over asking.
Days on Market for Central Harlem, NY
How long does it take to sell a home in Central Harlem, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 104 Days | +260.3% |
Summary: Homes in Central Harlem had an average of 104 days on market in Apr 2024, up by 260.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Central Harlem has remained consistent over time.
Summary: During April 2024, 17 homes were sold in Central Harlem; 0% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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