$10,000 Closing Credit*
$2,250,000
2,000 SqFt
3 Beds
•2 Full Baths
#COMP-1561744562032864177, Boris Fabrikant, Listing Office: Compass
Is Garment District, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
$865,000
$1,116/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$405,000(-31.9%)
Key Takeaway
Homes in Garment District have sold for 31.9% less than they did a month ago.
Summary: The median home sold price in Garment District was $865,000 in October 2024, down 31.9% from last month, and the median price per square foot was $1,116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | - | $865K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Garment District housing prices by bedroom type for October 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.
Median Sold Price Compared To Nearby Neighborhoods
| Theater District | $985K | $900K | -8.6% |
| Garment District | $1.2M | $865K | -31.9% |
Housing Supply in Garment District, NY
How many homes are available in Garment District, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Garment District real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Garment District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 1 homes were sold or pending in Garment District in October 2024, the same as the previous month. Of the 1 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
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