Is The Flatiron District, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, The Flatiron District has remained a Buyer's Market.
Key Takeaway
The Flatiron District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Flatiron District, NY
How much do homes in The Flatiron District, NY cost?
Median Sold Price
$1,853,500
$1,600/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in The Flatiron District have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in The Flatiron District was $1,853,500 in May 2024, up 10.3% from last year, and the median price per square foot was $1,600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $955K | -13.2% |
| 2 Bedrooms | $1.9M | $2.3M | +15.0% |
| 3 Bedrooms | $3.7M | $3.7M | -0.1% |
| 4 Bedrooms | $6.5M | $8.7M | +34.2% |
| 5+ Bedrooms | $6.2M | $4.2M | -31.9% |
Summary: The Flatiron District housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes decreased by 31.9%.
Median Sold Price Compared To Nearby Neighborhoods
| The Flatiron District | $1.6M | $1.8M | +10.3% |
| Chelsea | $1.9M | $2.1M | +6.2% |
| Rose Hill | $2.5M | $2.2M | -14.7% |
| Gramercy Park | $1.4M | $1.1M | -22.2% |
Housing Supply in The Flatiron District, NY
How many homes are available in The Flatiron District, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 105 | -8.7% |
Summary: The The Flatiron District real estate market had 105 homes for sale in May 2024, a 8.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 17 | -43.3% |
| 2 Bedrooms | 32 | 38 | +18.8% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The The Flatiron District housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 43.3%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 6 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Flatiron District, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in The Flatiron District in May 2024, down by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for The Flatiron District, NY
We’re sorry, we don't have information for this market at the moment
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