Is Midtown East, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Midtown East has remained a Buyer's Market.
Key Takeaway
Midtown East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown East, NY
How much do homes in Midtown East, NY cost?
Median Sold Price
$1,094,750
$1,228/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Midtown East have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Midtown East was $1,094,750 in June 2024, down 4.8% from last year, and the median price per square foot was $1,228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $734K | $690K | -6.0% |
| 2 Bedrooms | $1.4M | $1.2M | -10.1% |
| 3 Bedrooms | $2.5M | $2.8M | +14.0% |
| 4 Bedrooms | $3.1M | $4.0M | +29.0% |
| 5+ Bedrooms | $6.8M | $7.0M | +1.8% |
Summary: Midtown East housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Turtle Bay | $1.1M | $1.0M | -2.1% |
| Sutton Place | $997.6K | $967.5K | -3.0% |
| Midtown East | $1.1M | $1.0M | -4.8% |
| Theater District | $1.2M | $992.5K | -21.5% |
Housing Supply in Midtown East, NY
How many homes are available in Midtown East, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 942 | 889 | -5.6% |
Summary: The Midtown East real estate market had 889 homes for sale in June 2024, a 5.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 342 | 312 | -8.8% |
| 2 Bedrooms | 324 | 309 | -4.6% |
| 3 Bedrooms | 164 | 151 | -7.9% |
| 4 Bedrooms | 74 | 77 | +4.1% |
| 5+ Bedrooms | 38 | 40 | +5.3% |
Summary: The Midtown East housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.8%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 66 | 62 | -6.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown East, expect to pay close to the asking price. 79% of homes here sold near the asking price last month.
Summary: A total of 62 homes were sold or pending in Midtown East in June 2024, down by 6.1% month-over-month. Of the 62 sold homes, 19% were sold under asking, 79% were sold at asking, and 2% were sold over asking.
Days on Market for Midtown East, NY
We’re sorry, we don't have information for this market at the moment
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.