Is Upper West Side, 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, Upper West Side has remained a Buyer's Market.
Housing Prices in Upper West Side, NY
How much do homes in Upper West Side, NY cost?
Median Sold Price
$1,428,170
$1,410/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper West Side was $1,428,170 in April 2024, up 1.1% from last year, and the median price per square foot was $1,410.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $829.5K | $788.8K | -4.9% |
2 Bedrooms | $1.5M | $1.4M | -4.4% |
3 Bedrooms | $2.7M | $2.5M | -9.0% |
4 Bedrooms | $4.3M | $4.9M | +14.4% |
5+ Bedrooms | $7.5M | $6.3M | -14.8% |
Summary: Upper West Side housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Neighborhoods
Manhattan Valley | $815K | $830K | +1.8% |
Upper West Side | $1.4M | $1.4M | +1.1% |
Hell's Kitchen | $1.2M | $1.1M | -6.7% |
Housing Supply in Upper West Side, NY
How many homes are available in Upper West Side, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,003 | 964 | -3.9% |
Summary: The Upper West Side real estate market had 964 homes for sale in April 2024, a 3.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 296 | 284 | -4.1% |
2 Bedrooms | 297 | 273 | -8.1% |
3 Bedrooms | 222 | 228 | +2.7% |
4 Bedrooms | 106 | 97 | -8.5% |
5+ Bedrooms | 82 | 82 | 0.0% |
Summary: The Upper West Side housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.1%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 96 | +18.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
82 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Upper West Side in April 2024, up by 18.5% month-over-month. Of the 96 sold homes, 13% were sold under asking, 85% were sold at asking, and 2% were sold over asking.
Days on Market for Upper West Side, NY
How long does it take to sell a home in Upper West Side, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 152 Days | +257.6% |
Summary: Homes in Upper West Side had an average of 152 days on market in Apr 2024, up by 257.6% compared to last year.
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
Summary: During April 2024, 96 homes were sold in Upper West Side; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.