$10,000 Closing Credit*
$1,499,000
976 SqFt
2 Beds
•2 Full Baths
#RLMX-105188, Ilan Rosenthal, Listing Office: Living New York
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 November 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
$1,419/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,000(-3.9%)
Key Takeaway
Homes in Hell's Kitchen have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Hell's Kitchen was $1,100,000 in November 2024, down 3.9% from last year, and the median price per square foot was $1,419.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $900K | $832.5K | -7.5% |
| 2 Bedrooms | $1.6M | $1.6M | -2.9% |
| 3 Bedrooms | $2.6M | $2.7M | +1.0% |
| 4 Bedrooms | $3.5M | $6.4M | +82.0% |
| 5+ Bedrooms | $22.5M | - | N/A |
Summary: Hell's Kitchen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 82%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown East | $1.1M | $1.1M | +0.7% |
| Midtown Manhattan | $1.2M | $1.2M | -0.3% |
| Theater District | $945K | $935K | -1.1% |
| Hell's Kitchen | $1.1M | $1.1M | -3.9% |
Housing Supply in Hell's Kitchen, NY
How many homes are available in Hell's Kitchen, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 200 | 181 | -9.5% |
Summary: The Hell's Kitchen real estate market had 181 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 99 | 87 | -12.1% |
| 2 Bedrooms | 66 | 59 | -10.6% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Hell's Kitchen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
7 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. 100% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Hell's Kitchen in November 2024, down by 56.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Hell's Kitchen, NY
We’re sorry, we don't have information for this market at the moment
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