$2,995,000
1,340 SqFt
2 Beds
•2 Full Baths
#RPLU-63223261878, Dorothy Somekh, Listing Office: Brown Harris Stevens Residential Sales LLC
Is Hell's Kitchen, 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, Hell's Kitchen has remained a Buyer's Market.
Key Takeaway
Hell's Kitchen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hell's Kitchen, NY
How much do homes in Hell's Kitchen, NY cost?
Median Sold Price
$1,100,000
$1,421/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$61,000(-5.3%)
Key Takeaway
Homes in Hell's Kitchen have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Hell's Kitchen was $1,100,000 in October 2024, down 5.3% from last year, and the median price per square foot was $1,421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $930.5K | $825K | -11.3% |
| 2 Bedrooms | $1.6M | $1.6M | -2.9% |
| 3 Bedrooms | $2.9M | $2.6M | -10.7% |
| 4 Bedrooms | $3.1M | $6.4M | +103.5% |
| 5+ Bedrooms | $22.5M | - | N/A |
Summary: Hell's Kitchen housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 103.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown East | $1.1M | $1.1M | -1.0% |
| Midtown Manhattan | $1.2M | $1.2M | -1.2% |
| Hell's Kitchen | $1.1M | $1.1M | -5.3% |
Housing Supply in Hell's Kitchen, NY
How many homes are available in Hell's Kitchen, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 224 | 214 | -4.5% |
Summary: The Hell's Kitchen real estate market had 214 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 116 | 107 | -7.8% |
| 2 Bedrooms | 76 | 73 | -3.9% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Hell's Kitchen housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hell's Kitchen, expect to pay close to the asking price. 73.3% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Hell's Kitchen in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 73% were sold at asking, and 0% were sold over asking.
Days on Market for Hell's Kitchen, NY
How long does it take to sell a home in Hell's Kitchen, NY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hell's Kitchen has remained consistent over time.
Summary: During October 2024, 15 homes were sold in Hell's Kitchen; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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