$42,500,000
6,738 SqFt
5 Beds
•5 Full Baths, 1 Partial
Listing Office: Daniel Gale Sothebys Intl Rlty
Is Chelsea, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chelsea has remained a Buyer's Market.
Key Takeaway
Chelsea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chelsea, NY
How much do homes in Chelsea, NY cost?
Median Sold Price
$2,232,500
$1,881/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$265,000(+13.5%)
Key Takeaway
Homes in Chelsea have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Chelsea was $2,232,500 in November 2024, up 13.5% from last year, and the median price per square foot was $1,881.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $999K | -6.0% |
| 2 Bedrooms | $2.2M | $2.4M | +8.2% |
| 3 Bedrooms | $5.1M | $5.2M | +2.9% |
| 4 Bedrooms | $7.2M | $6.8M | -6.2% |
| 5+ Bedrooms | $10.0M | $20.7M | +107.5% |
Summary: Chelsea housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 107.5%.
Median Sold Price Compared To Nearby Neighborhoods
| The Flatiron District | $1.6M | $1.8M | +14.1% |
| Chelsea | $1.9M | $2.2M | +13.5% |
| Midtown Manhattan | $1.2M | $1.2M | -0.3% |
Housing Supply in Chelsea, NY
How many homes are available in Chelsea, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 402 | 351 | -12.7% |
Summary: The Chelsea real estate market had 351 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 130 | 110 | -15.4% |
| 2 Bedrooms | 134 | 115 | -14.2% |
| 3 Bedrooms | 87 | 75 | -13.8% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Chelsea housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelsea, expect to pay close to the asking price. 87.9% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Chelsea in November 2024, up by 10.0% month-over-month. Of the 33 sold homes, 12% were sold under asking, 88% were sold at asking, and 0% were sold over asking.
Days on Market for Chelsea, NY
We’re sorry, we don't have information for this market at the moment
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