Is Chelsea, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chelsea has remained a Buyer's Market.
Housing Prices in Chelsea, NY
How much do homes in Chelsea, NY cost?
Median Sold Price
$2,053,125
$1,972/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chelsea was $2,053,125 in March 2024, up 3.3% from last year, and the median price per square foot was $1,972.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.1M | $1.0M | -11.8% |
2 Bedrooms | $2.3M | $2.2M | -4.0% |
3 Bedrooms | $4.7M | $5.2M | +11.1% |
4 Bedrooms | $8.7M | $7.0M | -19.5% |
5+ Bedrooms | $9.7M | $9.4M | -3.3% |
Summary: Chelsea housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Neighborhoods
Hudson Yards | $5.0M | $6.2M | +23.2% |
Chelsea | $1.9M | $2.0M | +3.3% |
The Flatiron District | $1.7M | $1.7M | -3.3% |
Midtown Manhattan | $1.3M | $1.2M | -4.6% |
Housing Supply in Chelsea, NY
How many homes are available in Chelsea, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
372 | 390 | +4.8% |
Summary: The Chelsea real estate market had 390 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 120 | 130 | +8.3% |
2 Bedrooms | 137 | 139 | +1.5% |
3 Bedrooms | 71 | 71 | 0.0% |
4 Bedrooms | 33 | 36 | +9.1% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Chelsea housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 21 | -8.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Chelsea in March 2024, down by 8.7% month-over-month. Of the 21 sold homes, 10% were sold under asking, 90% were sold at asking, and 0% were sold over asking.
Days on Market for Chelsea, NY
How long does it take to sell a home in Chelsea, NY?
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 March 2024, 21 homes were sold in Chelsea; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.