Is Chelsea, NY a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Chelsea is a buyer's market


Difference Since November 2022

Since last year, Chelsea has remained a Buyer's Market.

Key Takeaway

Chelsea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chelsea, NY

How much do homes in Chelsea, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Chelsea have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in Chelsea was $1,825,000 in November 2023, down 8.7% from last year, and the median price per square foot was $1,831.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $1.1M$1.0M
2 $2.3M$2.1M
3 $4.4M$4.6M
4 $9.3M$7.0M
5+ $6.9M$9.5M

Summary: Chelsea housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes increased by 35.8%.

Median Sold Price Compared To Nearby Neighborhoods

Hudson Yards
The Flatiron District
Midtown Manhattan

Housing Supply in Chelsea, NY

How many homes are available in Chelsea, NY?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Chelsea real estate market had 421 homes for sale in November 2023, a 3.2% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 133125
2 153153
3 9695
4 3734
5+ 1614

Summary: The Chelsea housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 6%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chelsea, expect to pay close to the asking price. 90.9% of homes here sold near the asking price last month.

Summary: A total of 22 homes were sold or pending in Chelsea in November 2023, down by 29.0% month-over-month. Of the 22 sold homes, 9% were sold under asking, 91% were sold at asking, and 0% were sold over asking.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Chelsea, NY

Nearby Markets to Chelsea, NY