Is Morningside Heights, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Morningside Heights is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Morningside Heights has remained a Buyer's Market.

Key Takeaway

Morningside Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Morningside Heights, NY

How much do homes in Morningside Heights, NY cost?

Median Sold Price

$1,260,000

$1,589/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$552,500(+78.1%)

Key Takeaway

Homes in Morningside Heights have sold for 78.1% more than they did a month ago.

Summary: The median home sold price in Morningside Heights was $1,260,000 in November 2024, up 78.1% from last month, and the median price per square foot was $1,589.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $592.5K$1.2M
+112.7%
2 $707.5K$1.7M
+142.4%
3 $2.9M$985K
-66.1%
4 --
N/A
5+ --
N/A

Summary: Morningside Heights housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 112.7%, 2 bedroom homes increased by 142.4%, 3 bedroom homes decreased by 66.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Morningside Heights, NY

How many homes are available in Morningside Heights, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9583-12.6%

Summary: The Morningside Heights real estate market had 83 homes for sale in November 2024, a 12.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2822
-21.4%
2 4643
-6.5%
3 1916
-15.8%
4 22
0.0%
5+ 00
0.0%

Summary: The Morningside Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Morningside Heights, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Morningside Heights in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Morningside Heights, NY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Morningside Heights, NY

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