Is Chinatown, 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, Chinatown has remained a Buyer's Market.
Housing Prices in Chinatown, NY
How much do homes in Chinatown, NY cost?
Median Sold Price
$3,150,000
$2,077/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chinatown was $3,150,000 in April 2024, down 7.4% from last year, and the median price per square foot was $2,077.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.6M | $1.3M | -15.8% |
2 Bedrooms | $3.1M | $3.2M | +4.0% |
3 Bedrooms | $4.2M | $4.3M | +2.1% |
4 Bedrooms | $6.0M | $3.9M | -34.4% |
5+ Bedrooms | $9.9M | - | N/A |
Summary: Chinatown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
SoHo | $3.4M | $4.4M | +30.3% |
Chinatown | $3.4M | $3.1M | -7.4% |
Housing Supply in Chinatown, NY
How many homes are available in Chinatown, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Summary: The Chinatown real estate market had 18 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chinatown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Chinatown in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Chinatown, NY
We’re sorry, we don't have information for this market at the moment