Is Sutton Place, 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, Sutton Place has remained a Buyer's Market.
Key Takeaway
Sutton Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sutton Place, NY
How much do homes in Sutton Place, NY cost?
Median Sold Price
$987,500
$890/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sutton Place have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Sutton Place was $987,500 in April 2024, down 1.2% from last year, and the median price per square foot was $890.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $715K | $720K | +0.7% |
| 2 Bedrooms | $1.2M | $1.1M | -6.8% |
| 3 Bedrooms | $1.7M | $1.9M | +13.0% |
| 4 Bedrooms | $2.3M | $2.4M | +7.9% |
| 5+ Bedrooms | $5.6M | $9.9M | +78.6% |
Summary: Sutton Place housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 78.6%.
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% |
| Midtown Manhattan | $1.3M | $1.2M | -4.9% |
Housing Supply in Sutton Place, NY
How many homes are available in Sutton Place, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 236 | 226 | -4.2% |
Summary: The Sutton Place real estate market had 226 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 77 | 70 | -9.1% |
| 2 Bedrooms | 96 | 88 | -8.3% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Sutton Place housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sutton Place, expect to pay close to the asking price. 86.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Sutton Place in April 2024, up by 36.4% month-over-month. Of the 15 sold homes, 13% were sold under asking, 87% were sold at asking, and 0% were sold over asking.
Days on Market for Sutton Place, NY
We’re sorry, we don't have information for this market at the moment
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