Is Upper East Side, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Upper East Side has remained a Buyer's Market.
Housing Prices in Upper East Side, NY
How much do homes in Upper East Side, NY cost?
Median Sold Price
$1,460,355
$1,286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Upper East Side was $1,460,355 in March 2024, down 0.7% from last year, and the median price per square foot was $1,286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $723.1K | $705K | -2.5% |
2 Bedrooms | $1.5M | $1.4M | -1.6% |
3 Bedrooms | $2.7M | $2.6M | -4.3% |
4 Bedrooms | $4.4M | $4.8M | +8.5% |
5+ Bedrooms | $9.6M | $10.1M | +5.9% |
Summary: Upper East Side housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
Central Park | $1.4M | $1.8M | +28.0% |
Lenox Hill | $1.4M | $1.5M | +2.9% |
Upper East Side | $1.4M | $1.4M | -0.7% |
Carnegie Hill | $2.1M | $2.1M | -0.7% |
Yorkville | $1.1M | $977K | -11.3% |
Housing Supply in Upper East Side, NY
How many homes are available in Upper East Side, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,636 | 1,635 | -0.1% |
Summary: The Upper East Side real estate market had 1,635 homes for sale in March 2024, a 0.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 459 | 465 | +1.3% |
2 Bedrooms | 487 | 475 | -2.5% |
3 Bedrooms | 344 | 350 | +1.7% |
4 Bedrooms | 184 | 181 | -1.6% |
5+ Bedrooms | 162 | 164 | +1.2% |
Summary: The Upper East Side housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 108 | +31.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Upper East Side in March 2024, up by 31.7% month-over-month. Of the 108 sold homes, 19% were sold under asking, 81% were sold at asking, and 0% were sold over asking.
Days on Market for Upper East Side, NY
How long does it take to sell a home in Upper East Side, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
363 Days | 135 Days | -62.9% |
Summary: Homes in Upper East Side had an average of 135 days on market in Mar 2024, down by 62.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 108 homes were sold in Upper East Side; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.