$2,750,000
1,364 SqFt
2 Beds
•2 Full Baths, 1 Partial
#COMP-1703816461496382825, Ian Slater, Listing Office: Compass
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 October 2023
Since last year, Lower East Side has remained a Buyer's 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
$925,000
$1,132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$295,000(-24.2%)
Key Takeaway
Homes in Lower East Side have sold for 24.2% less than they did a year ago.
Summary: The median home sold price in Lower East Side was $925,000 in October 2024, down 24.2% from last year, and the median price per square foot was $1,132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $977K | $650K | -33.5% |
| 2 Bedrooms | $1.6M | $1.0M | -36.4% |
| 3 Bedrooms | $3.3M | $2.5M | -25.1% |
| 4 Bedrooms | $1.9M | - | N/A |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Lower East Side housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.5%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Two Bridges | $1.1M | $1.1M | -2.6% |
| Cooperative Village | $810K | $764K | -5.7% |
| Lower East Side | $1.2M | $925K | -24.2% |
Housing Supply in Lower East Side, NY
How many homes are available in Lower East Side, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 62 | +6.9% |
Summary: The Lower East Side real estate market had 62 homes for sale in October 2024, a 6.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 27 | +12.5% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lower East Side housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower East Side, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lower East Side in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Lower East Side, NY
How long does it take to sell a home in Lower East Side, NY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lower East Side has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lower East Side; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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