$10,000 Closing Credit*
$1,995,000
1,029 SqFt
2 Beds
•2 Full Baths
#RPLU-5123279237, Elie Khen, Listing Office: Douglas Elliman Real Estate
Is Lower East Side, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lower East Side was a Neutral Market.
Key Takeaway
Lower East Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lower East Side, NY
How much do homes in Lower East Side, NY cost?
Median Sold Price
$985,000
$1,200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$171,000(-14.8%)
Key Takeaway
Homes in Lower East Side have sold for 14.8% less than they did a year ago.
Summary: The median home sold price in Lower East Side was $985,000 in November 2024, down 14.8% from last year, and the median price per square foot was $1,200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $773K | $737.5K | -4.6% |
| 2 Bedrooms | $1.5M | $1.0M | -34.8% |
| 3 Bedrooms | $1.7M | $2.5M | +44.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Lower East Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 44.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lower East Side, NY
How many homes are available in Lower East Side, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 | 54 | -8.5% |
Summary: The Lower East Side real estate market had 54 homes for sale in November 2024, a 8.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 28 | +3.7% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lower East Side housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower East Side, 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 Lower East Side in November 2024, up by 75.0% 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 Lower East Side, NY
We’re sorry, we don't have information for this market at the moment
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