$10,000 Closing Credit*
$1,675,000
858 SqFt
2 Beds
•2 Full Baths
#RPLU-5123259396, Yehiel Tirosh, Listing Office: Douglas Elliman Real Estate
Is Kips Bay, 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, Kips Bay has remained a Buyer's Market.
Key Takeaway
Kips Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kips Bay, NY
How much do homes in Kips Bay, NY cost?
Median Sold Price
$827,500
$1,032/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$47,500(-5.4%)
Key Takeaway
Homes in Kips Bay have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Kips Bay was $827,500 in October 2024, down 5.4% from last year, and the median price per square foot was $1,032.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $794.5K | $687.5K | -13.5% |
| 2 Bedrooms | $1.4M | $1.2M | -11.4% |
| 3 Bedrooms | $1.7M | $1.7M | +3.1% |
| 4 Bedrooms | $2.4M | $3.7M | +48.0% |
| 5+ Bedrooms | - | $5.5M | N/A |
Summary: Kips Bay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 48%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Murray Hill | $896.3K | $972K | +8.4% |
| Kips Bay | $875K | $827.5K | -5.4% |
| Rose Hill | $2.5M | $1.9M | -21.8% |
| Koreatown | $2.2M | $1.6M | -25.6% |
Housing Supply in Kips Bay, NY
How many homes are available in Kips Bay, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 120 | -5.5% |
Summary: The Kips Bay real estate market had 120 homes for sale in October 2024, a 5.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 72 | 70 | -2.8% |
| 2 Bedrooms | 39 | 38 | -2.6% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Kips Bay housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kips Bay, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Kips Bay in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Kips Bay, NY
We’re sorry, we don't have information for this market at the moment
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