$10,000 Closing Credit*
$1,199,000
1,243 SqFt
2 Beds
•2 Full Baths
#RLMX-105029, ALEX CARINI, Listing Office: Carini Group LLC
Is Financial District, 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, 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
$1,153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$25,000(-2.1%)
Key Takeaway
Homes in Financial District have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Financial District was $1,175,000 in November 2024, down 2.1% from last year, and the median price per square foot was $1,153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $873.5K | $878K | 0.5% |
| 2 Bedrooms | $1.7M | $1.4M | -16.3% |
| 3 Bedrooms | $2.9M | $2.8M | -1.7% |
| 4 Bedrooms | $7.0M | $3.3M | -52.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Financial District housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 1.7%, 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 | $1.2M | +11.2% |
| TriBeCa | $3.4M | $3.5M | +3.0% |
| Financial District | $1.2M | $1.1M | -2.1% |
| Lower Manhattan | $1.7M | $1.6M | -6.5% |
Housing Supply in Financial District, NY
How many homes are available in Financial District, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 222 | 186 | -16.2% |
Summary: The Financial District real estate market had 186 homes for sale in November 2024, a 16.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 96 | 75 | -21.9% |
| 2 Bedrooms | 86 | 69 | -19.8% |
| 3 Bedrooms | 27 | 29 | +7.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Financial District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.9%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 13 | -53.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 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. 53.8% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Financial District in November 2024, down by 53.6% month-over-month. Of the 13 sold homes, 46% were sold under asking, 54% were sold at asking, and 0% were sold over asking.
Days on Market for Financial District, NY
How long does it take to sell a home in Financial District, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 150 Days | +81.3% |
Summary: Homes in Financial District had an average of 150 days on market in Nov 2024, up by 81.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Financial District are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in Financial District; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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