$10,000 Closing Credit*
$875,000
825 SqFt
1 Bed
•1 Full Bath
#RPLU-8923259169, Dorothy Schrager, Listing Office: Coldwell Banker Warburg
Is Sutton Place, 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, Sutton Place has remained a Buyer's Market.
Key Takeaway
Sutton Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sutton Place, NY
How much do homes in Sutton Place, NY cost?
Median Sold Price
$1,018,750
$905/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$68,750(+7.2%)
Key Takeaway
Homes in Sutton Place have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Sutton Place was $1,018,750 in October 2024, up 7.2% from last year, and the median price per square foot was $905.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $700K | -2.8% |
| 2 Bedrooms | $1.2M | $1.1M | -2.9% |
| 3 Bedrooms | $1.7M | $2.0M | +18.5% |
| 4 Bedrooms | $2.5M | $2.4M | -3.5% |
| 5+ Bedrooms | $19.7M | $4.9M | -75.0% |
Summary: Sutton Place housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 75%.
Median Sold Price Compared To Nearby Neighborhoods
| Lenox Hill | $1.4M | $1.5M | +11.1% |
| Sutton Place | $950K | $1.0M | +7.2% |
| Upper East Side | $1.4M | $1.4M | +1.4% |
| Midtown East | $1.1M | $1.1M | -1.0% |
| Midtown Manhattan | $1.2M | $1.2M | -1.2% |
Housing Supply in Sutton Place, NY
How many homes are available in Sutton Place, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 220 | 221 | 0.5% |
Summary: The Sutton Place real estate market had 221 homes for sale in October 2024, a 0.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 69 | 67 | -2.9% |
| 2 Bedrooms | 87 | 85 | -2.3% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Sutton Place housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sutton Place, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in Sutton Place in October 2024, up by 31.3% month-over-month. Of the 21 sold homes, 14% were sold under asking, 86% were sold at asking, and 0% were sold over asking.
Days on Market for Sutton Place, NY
We’re sorry, we don't have information for this market at the moment
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