Is Hudson Square / West SoHo, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hudson Square / West SoHo is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Hudson Square / West SoHo has remained a Buyer's Market.

Key Takeaway

Hudson Square / West SoHo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hudson Square / West SoHo, NY

How much do homes in Hudson Square / West SoHo, NY cost?

Median Sold Price

$1,909,950

$1,937/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$840,050(-30.5%)

Key Takeaway

Homes in Hudson Square / West SoHo have sold for 30.5% less than they did a year ago.

Summary: The median home sold price in Hudson Square / West SoHo was $1,909,950 in October 2024, down 30.5% from last year, and the median price per square foot was $1,937.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.6M$1.5M
-7.8%
2 $2.9M$2.5M
-10.5%
3 $4.9M$4.7M
-5.6%
4 $4.0M$7.5M
+85.9%
5+ $7.2M$8.0M
+11.8%

Summary: Hudson Square / West SoHo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 85.9%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Neighborhoods

TriBeCa
-0.8%
Greenwich Village
-6.7%
West Village
-10.9%
SoHo
-17.1%
Hudson Square / West SoHo
-30.5%

Housing Supply in Hudson Square / West SoHo, NY

How many homes are available in Hudson Square / West SoHo, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5660+7.1%

Summary: The Hudson Square / West SoHo real estate market had 60 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1211
-8.3%
2 2125
+19.0%
3 1313
0.0%
4 78
+14.3%
5+ 33
0.0%

Summary: The Hudson Square / West SoHo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 19%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hudson Square / West SoHo, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Hudson Square / West SoHo in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 86% were sold at asking, and 0% were sold over asking.

Days on Market for Hudson Square / West SoHo, 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 21 Days Ago

Newest Listings in Hudson Square / West SoHo, NY

Nearby Markets to Hudson Square / West SoHo, NY