Is Garment District, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garment District is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Garment District has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Garment District, NY

How much do homes in Garment District, NY cost?

Median Sold Price

$1,802,500

$768/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$937,500(+108.4%)

Key Takeaway

Homes in Garment District have sold for 108.4% more than they did a month ago.

Summary: The median home sold price in Garment District was $1,802,500 in November 2024, up 108.4% from last month, and the median price per square foot was $768.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$530K
N/A
2 $865K-
N/A
3 --
N/A
4 -$3.0M
N/A
5+ --
N/A

Summary: Garment District housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Garment District, NY

How many homes are available in Garment District, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1917-10.5%

Summary: The Garment District real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 99
0.0%
2 64
-33.3%
3 22
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Garment District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garment District, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Garment District in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Garment District, 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 21 Days Ago

Newest Listings in Garment District, NY

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