$28,800,000
12,500 SqFt
8 Beds
•7 Full Baths, 1 Partial
#RPLU-33423293981, Carrie Chiang, Listing Office: Corcoran Group
Is Lenox Hill, 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, Lenox Hill has remained a Buyer's Market.
Key Takeaway
Lenox Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lenox Hill, NY
How much do homes in Lenox Hill, NY cost?
Median Sold Price
$1,562,000
$1,315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$83,250(+5.6%)
Key Takeaway
Homes in Lenox Hill have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Lenox Hill was $1,562,000 in November 2024, up 5.6% from last year, and the median price per square foot was $1,315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $751.3K | $772.5K | +2.8% |
| 2 Bedrooms | $1.5M | $1.5M | -0.3% |
| 3 Bedrooms | $2.7M | $2.7M | -0.9% |
| 4 Bedrooms | $4.5M | $4.5M | -0.3% |
| 5+ Bedrooms | $10.6M | $12.5M | +17.8% |
Summary: Lenox Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Sutton Place | $950K | $1.0M | +7.9% |
| Lenox Hill | $1.4M | $1.5M | +5.6% |
| Upper East Side | $1.4M | $1.5M | +3.4% |
| Midtown East | $1.1M | $1.1M | +0.7% |
Housing Supply in Lenox Hill, NY
How many homes are available in Lenox Hill, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 782 | 684 | -12.5% |
Summary: The Lenox Hill real estate market had 684 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 222 | 196 | -11.7% |
| 2 Bedrooms | 254 | 209 | -17.7% |
| 3 Bedrooms | 135 | 116 | -14.1% |
| 4 Bedrooms | 84 | 78 | -7.1% |
| 5+ Bedrooms | 87 | 85 | -2.3% |
Summary: The Lenox Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 60 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lenox Hill, expect to pay close to the asking price. 81.7% of homes here sold near the asking price last month.
Summary: A total of 60 homes were sold or pending in Lenox Hill in November 2024, down by 25.0% month-over-month. Of the 60 sold homes, 15% were sold under asking, 82% were sold at asking, and 3% were sold over asking.
Days on Market for Lenox Hill, NY
We’re sorry, we don't have information for this market at the moment
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