$3,999,999
2,470 SqFt
3 Beds
•3 Full Baths
#RPLU-5123249906, Frances Katzen, Listing Office: Douglas Elliman Real Estate
Is SoHo, 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, 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
$3,625,000
$1,947/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$750,000(-17.1%)
Key Takeaway
Homes in SoHo have sold for 17.1% less than they did a year ago.
Summary: The median home sold price in SoHo was $3,625,000 in October 2024, down 17.1% from last year, and the median price per square foot was $1,947.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | $1.6M | +0.6% |
| 2 Bedrooms | $3.3M | $3.0M | -7.2% |
| 3 Bedrooms | $4.9M | $7.5M | +51.8% |
| 4 Bedrooms | $7.3M | $10.1M | +38.0% |
| 5+ Bedrooms | $11.3M | $6.9M | -38.8% |
Summary: SoHo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 51.8%, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 38.8%.
Median Sold Price Compared To Nearby Neighborhoods
| NoHo | $1.7M | $2.2M | +29.1% |
| SoHo | $4.3M | $3.6M | -17.1% |
| Hudson Square / West SoHo | $2.7M | $1.9M | -30.5% |
Housing Supply in SoHo, NY
How many homes are available in SoHo, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 94 | +8.0% |
Summary: The SoHo real estate market had 94 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 36 | 43 | +19.4% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The SoHo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in SoHo, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in SoHo in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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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