$6,709 Closing Credit*
$565,000
Studio
•1 Full Bath
#COMP-1713194329479383801, Scott Elyanow, Listing Office: Compass
Is Chelsea, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$2,247,500
$1,906/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$280,000(+14.2%)
Key Takeaway
Homes in Chelsea have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Chelsea was $2,247,500 in October 2024, up 14.2% from last year, and the median price per square foot was $1,906.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $1.0M | -3.6% |
| 2 Bedrooms | $2.3M | $2.4M | +1.7% |
| 3 Bedrooms | $4.9M | $5.2M | +7.1% |
| 4 Bedrooms | $8.2M | $6.8M | -17.0% |
| 5+ Bedrooms | $9.4M | $13.6M | +44.7% |
Summary: Chelsea housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 44.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Chelsea | $1.9M | $2.2M | +14.2% |
| The Flatiron District | $1.5M | $1.7M | +14.0% |
| Midtown Manhattan | $1.2M | $1.2M | -1.2% |
Housing Supply in Chelsea, NY
How many homes are available in Chelsea, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 390 | 388 | -0.5% |
Summary: The Chelsea real estate market had 388 homes for sale in October 2024, a 0.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 136 | 127 | -6.6% |
| 2 Bedrooms | 125 | 129 | +3.2% |
| 3 Bedrooms | 81 | 83 | +2.5% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Chelsea housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 22 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
18 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. 81.8% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Chelsea in October 2024, down by 26.7% month-over-month. Of the 22 sold homes, 18% were sold under asking, 82% 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
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.