Is Garment District, 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, Garment District has remained a Buyer's Market.
Key Takeaway
Garment District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Garment District, NY
How much do homes in Garment District, NY cost?
Median Sold Price
$1,262,500
$1,601/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Garment District have sold for 50.8% more than they did a year ago.
Summary: The median home sold price in Garment District was $1,262,500 in April 2024, up 50.8% from last year, and the median price per square foot was $1,601.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $1.2M | +66.7% |
| 2 Bedrooms | $1.1M | $790K | -28.2% |
| 3 Bedrooms | $1.2M | $3.8M | +206.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Garment District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 28.2%, 3 bedroom homes increased by 206%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Garment District | $837K | $1.2M | +50.8% |
| Midtown East | $1.0M | $1.1M | +3.5% |
| Murray Hill | $894.5K | $900K | +0.6% |
| Midtown Manhattan | $1.3M | $1.2M | -4.9% |
| Theater District | $1.2M | $1.1M | -6.9% |
Housing Supply in Garment District, NY
How many homes are available in Garment District, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Garment District real estate market had 23 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Garment District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Garment District, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Garment District in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Garment District, NY
We’re sorry, we don't have information for this market at the moment
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