Is Lenox Hill, 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, Lenox Hill has remained a Buyer's Market.
Key Takeaway
Lenox Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lenox Hill, NY
How much do homes in Lenox Hill, NY cost?
Median Sold Price
$1,500,000
$1,284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lenox Hill have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Lenox Hill was $1,500,000 in April 2024, up 3.7% from last year, and the median price per square foot was $1,284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $740K | $776.6K | +5.0% |
| 2 Bedrooms | $1.5M | $1.5M | +2.9% |
| 3 Bedrooms | $2.8M | $2.7M | -5.3% |
| 4 Bedrooms | $4.4M | $4.5M | +0.7% |
| 5+ Bedrooms | $11.6M | $11.5M | -1.3% |
Summary: Lenox Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Lenox Hill | $1.4M | $1.5M | +3.7% |
| Midtown East | $1.0M | $1.1M | +3.5% |
| Sutton Place | $999.1K | $987.5K | -1.2% |
| Upper East Side | $1.4M | $1.4M | -4.7% |
Housing Supply in Lenox Hill, NY
How many homes are available in Lenox Hill, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 859 | 848 | -1.3% |
Summary: The Lenox Hill real estate market had 848 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 238 | 231 | -2.9% |
| 2 Bedrooms | 259 | 268 | +3.5% |
| 3 Bedrooms | 176 | 157 | -10.8% |
| 4 Bedrooms | 95 | 92 | -3.2% |
| 5+ Bedrooms | 91 | 100 | +9.9% |
Summary: The Lenox Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 65 | +1.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lenox Hill, expect to pay close to the asking price. 89.2% of homes here sold near the asking price last month.
Summary: A total of 65 homes were sold or pending in Lenox Hill in April 2024, up by 1.6% month-over-month. Of the 65 sold homes, 9% were sold under asking, 89% were sold at asking, and 2% were sold over asking.
Days on Market for Lenox Hill, NY
How long does it take to sell a home in Lenox Hill, 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
Key Takeaway
Most homes in Lenox Hill are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 65 homes were sold in Lenox Hill; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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