$10,000 Closing Credit*
$1,525,000
1,100 SqFt
2 Beds
•2 Full Baths
#487226, Listing Office: RE/MAX Real Estate Professiona
Is Gramercy Park, 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, 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
$1,325,000
$1,590/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+1.9%)
Key Takeaway
Homes in Gramercy Park have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Gramercy Park was $1,325,000 in October 2024, up 1.9% from last year, and the median price per square foot was $1,590.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $935K | $875K | -6.4% |
| 2 Bedrooms | $2.0M | $2.0M | +1.8% |
| 3 Bedrooms | $3.9M | $2.6M | -33.5% |
| 4 Bedrooms | $6.5M | $5.0M | -23.1% |
| 5+ Bedrooms | $9.4M | $8.7M | -7.4% |
Summary: Gramercy Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 33.5%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
| The Flatiron District | $1.5M | $1.7M | +14.0% |
| Gramercy Park | $1.3M | $1.3M | +1.9% |
| Rose Hill | $2.5M | $1.9M | -21.8% |
Housing Supply in Gramercy Park, NY
How many homes are available in Gramercy Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 186 | 175 | -5.9% |
Summary: The Gramercy Park real estate market had 175 homes for sale in October 2024, a 5.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 89 | 86 | -3.4% |
| 2 Bedrooms | 57 | 52 | -8.8% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Gramercy Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 17 homes were sold or pending in Gramercy Park in October 2024, down by 15.0% month-over-month. Of the 17 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
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