Is Gramercy Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gramercy Park is a buyer's market

Buyer's
Market

Difference Since December 2023

Since last year, Gramercy Park has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Gramercy Park, NY

How much do homes in Gramercy Park, NY cost?

Median Sold Price

$1,380,000

$1,684/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$80,000(+6.2%)

Key Takeaway

Homes in Gramercy Park have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Gramercy Park was $1,380,000 in December 2024, up 6.2% from last year, and the median price per square foot was $1,684.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $880K$880K
0.0%
2 $2.0M$2.1M
+6.3%
3 $3.9M$2.6M
-34.9%
4 $5.5M$5.2M
-5.1%
5+ $9.6M$8.7M
-9.6%

Summary: Gramercy Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 34.9%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 9.6%.

Median Sold Price Compared To Nearby Neighborhoods

The Flatiron District
+9.8%
Gramercy Park
+6.2%
Rose Hill
-18.9%

Housing Supply in Gramercy Park, NY

How many homes are available in Gramercy Park, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
136123-9.6%

Summary: The Gramercy Park real estate market had 123 homes for sale in December 2024, a 9.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 6559
-9.2%
2 3936
-7.7%
3 1713
-23.5%
4 1010
0.0%
5+ 55
0.0%

Summary: The Gramercy Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Gramercy Park in December 2024, down by 20.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Gramercy Park, 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 11 Days Ago

Newest Listings in Gramercy Park, NY

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