$3,750,000
2 Beds
•2 Full Baths
#RPLU-5123271003, John Gomes, Listing Office: Douglas Elliman Real Estate
Is Midtown East, 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, Midtown East has remained a Buyer's Market.
Key Takeaway
Midtown East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown East, NY
How much do homes in Midtown East, NY cost?
Median Sold Price
$1,115,080
$1,186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,253(-1.0%)
Key Takeaway
Homes in Midtown East have sold for 1% less than they did a year ago.
Summary: The median home sold price in Midtown East was $1,115,080 in October 2024, down 1% from last year, and the median price per square foot was $1,186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $715K | $710K | -0.7% |
| 2 Bedrooms | $1.3M | $1.2M | -5.6% |
| 3 Bedrooms | $2.9M | $2.4M | -16.4% |
| 4 Bedrooms | $3.3M | $4.0M | +22.5% |
| 5+ Bedrooms | $9.9M | $7.0M | -30.0% |
Summary: Midtown East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Neighborhoods
| Sutton Place | $950K | $1.0M | +7.2% |
| Midtown East | $1.1M | $1.1M | -1.0% |
| Turtle Bay | $1.1M | $995K | -10.8% |
Housing Supply in Midtown East, NY
How many homes are available in Midtown East, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 893 | 909 | +1.8% |
Summary: The Midtown East real estate market had 909 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 314 | 321 | +2.2% |
| 2 Bedrooms | 325 | 318 | -2.2% |
| 3 Bedrooms | 151 | 157 | +4.0% |
| 4 Bedrooms | 63 | 68 | +7.9% |
| 5+ Bedrooms | 40 | 45 | +12.5% |
Summary: The Midtown East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 46 | -14.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown East, expect to pay close to the asking price. 84.8% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in Midtown East in October 2024, down by 14.8% month-over-month. Of the 46 sold homes, 13% were sold under asking, 85% were sold at asking, and 2% were sold over asking.
Days on Market for Midtown East, NY
How long does it take to sell a home in Midtown East, 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 Midtown East has remained consistent over time.
Summary: During October 2024, 46 homes were sold in Midtown East; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.