$8,313 Closing Credit*
$700,000
550 SqFt
Studio
•1 Full Bath
#COMP-1704635978560762009, Joseph Delorenzo, Listing Office: Compass
Is Financial District, 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, Financial District has remained a Buyer's Market.
Key Takeaway
Financial District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Financial District, NY
How much do homes in Financial District, NY cost?
Median Sold Price
$1,175,000
$1,157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$62,500(-5.1%)
Key Takeaway
Homes in Financial District have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Financial District was $1,175,000 in October 2024, down 5.1% from last year, and the median price per square foot was $1,157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $875K | $922.5K | +5.4% |
| 2 Bedrooms | $1.7M | $1.4M | -19.4% |
| 3 Bedrooms | $3.0M | $2.7M | -7.1% |
| 4 Bedrooms | $7.0M | $3.3M | -52.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Financial District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 52.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Battery Park City | $1.1M | $1.3M | +13.0% |
| TriBeCa | $3.4M | $3.4M | -0.8% |
| Financial District | $1.2M | $1.1M | -5.1% |
| Lower Manhattan | $1.7M | $1.6M | -7.1% |
Housing Supply in Financial District, NY
How many homes are available in Financial District, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 227 | 226 | -0.4% |
Summary: The Financial District real estate market had 226 homes for sale in October 2024, a 0.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 105 | 101 | -3.8% |
| 2 Bedrooms | 88 | 87 | -1.1% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Financial District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Financial District, expect to pay close to the asking price. 70.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Financial District in October 2024, up by 50.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 70% were sold at asking, and 0% were sold over asking.
Days on Market for Financial District, NY
We’re sorry, we don't have information for this market at the moment
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