Is Hell's Kitchen, 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, Hell's Kitchen has remained a Buyer's Market.
Housing Prices in Hell's Kitchen, NY
How much do homes in Hell's Kitchen, NY cost?
Median Sold Price
$1,120,000
$1,392/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hell's Kitchen was $1,120,000 in April 2024, down 6.7% from last year, and the median price per square foot was $1,392.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $910K | $881.2K | -3.2% |
2 Bedrooms | $1.6M | $1.5M | -9.9% |
3 Bedrooms | $2.2M | $2.6M | +17.8% |
4 Bedrooms | $3.5M | $4.3M | +22.1% |
5+ Bedrooms | $40.0M | $5.0M | -87.5% |
Summary: Hell's Kitchen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 87.5%.
Median Sold Price Compared To Nearby Neighborhoods
Garment District | $837K | $1.2M | +50.8% |
Midtown East | $1.0M | $1.1M | +3.5% |
Midtown Manhattan | $1.3M | $1.2M | -4.9% |
Hell's Kitchen | $1.2M | $1.1M | -6.7% |
Theater District | $1.2M | $1.1M | -6.9% |
Housing Supply in Hell's Kitchen, NY
How many homes are available in Hell's Kitchen, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
241 | 234 | -2.9% |
Summary: The Hell's Kitchen real estate market had 234 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 117 | 108 | -7.7% |
2 Bedrooms | 82 | 83 | +1.2% |
3 Bedrooms | 28 | 29 | +3.6% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hell's Kitchen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Hell's Kitchen in April 2024, the same as the previous month. Of the 17 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hell's Kitchen, NY
We’re sorry, we don't have information for this market at the moment