Is West Village, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Village is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, West Village has remained a Buyer's Market.

Key Takeaway

West Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Village, NY

How much do homes in West Village, NY cost?

Median Sold Price

$1,950,000

$2,376/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$45,000(-2.3%)

Key Takeaway

Homes in West Village have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in West Village was $1,950,000 in April 2024, down 2.3% from last year, and the median price per square foot was $2,376.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $1.1M$1.1M
+7.7%
2 $2.5M$2.3M
-9.2%
3 $7.1M$7.2M
+1.4%
4 $8.3M$9.1M
+8.8%
5+ $10.1M$8.6M
-14.3%

Summary: West Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Neighborhoods

Hudson Square / West SoHo
+10.3%
Chelsea
+5.8%
Greenwich Village
+1.7%
West Village
-2.3%

Housing Supply in West Village, NY

How many homes are available in West Village, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
201197-2.0%

Summary: The West Village real estate market had 197 homes for sale in April 2024, a 2.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 8075
-6.3%
2 4650
+8.7%
3 3127
-12.9%
4 2325
+8.7%
5+ 2120
-4.8%

Summary: The West Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Village, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in West Village in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.

Days on Market for West Village, NY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in West Village, NY

Nearby Markets to West Village, NY