$4,150,000
1,555 SqFt
2 Beds
•2 Full Baths, 1 Partial
#COMP-1713316923423866057, Nicholas Gavin, Listing Office: Compass
Is SoHo, 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, SoHo has remained a Buyer's Market.
Key Takeaway
SoHo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in SoHo, NY
How much do homes in SoHo, NY cost?
Median Sold Price
$4,250,000
$1,963/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,500(+0.4%)
Key Takeaway
The sold price of homes in SoHo has remained the same since last year.
Summary: The median home sold price in SoHo was $4,250,000 in November 2024, up 0.4% from last year, and the median price per square foot was $1,963.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | $1.7M | +8.9% |
| 2 Bedrooms | $3.2M | $2.9M | -9.2% |
| 3 Bedrooms | $5.2M | $6.9M | +31.9% |
| 4 Bedrooms | $7.3M | $10.2M | +39.7% |
| 5+ Bedrooms | $11.3M | $6.9M | -38.8% |
Summary: SoHo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 31.9%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Neighborhoods
| SoHo | $4.2M | $4.2M | 0.4% |
| Hudson Square / West SoHo | $2.7M | $2.0M | -25.9% |
Housing Supply in SoHo, NY
How many homes are available in SoHo, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Summary: The SoHo real estate market had 78 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 38 | 32 | -15.8% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The SoHo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 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 SoHo, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in SoHo in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for SoHo, NY
We’re sorry, we don't have information for this market at the moment
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