$10,000 Closing Credit*
$1,550,000
805 SqFt
1 Bed
•1 Full Bath
#RPLU-63223249589, Sungmee Kim, Listing Office: Brown Harris Stevens Residential Sales LLC
Is The Flatiron District, 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, The Flatiron District has remained a Buyer's Market.
Key Takeaway
The Flatiron District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Flatiron District, NY
How much do homes in The Flatiron District, NY cost?
Median Sold Price
$1,780,500
$1,678/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$218,000(+14.0%)
Key Takeaway
Homes in The Flatiron District have sold for 14% more than they did a year ago.
Summary: The median home sold price in The Flatiron District was $1,780,500 in October 2024, up 14% from last year, and the median price per square foot was $1,678.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $910K | -13.4% |
| 2 Bedrooms | $2.1M | $1.8M | -15.6% |
| 3 Bedrooms | $3.8M | $3.7M | -4.6% |
| 4 Bedrooms | $12.5M | $5.9M | -52.7% |
| 5+ Bedrooms | $5.5M | $3.7M | -33.6% |
Summary: The Flatiron District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 52.7%, and 5+ bedroom homes decreased by 33.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Chelsea | $1.9M | $2.2M | +14.2% |
| The Flatiron District | $1.5M | $1.7M | +14.0% |
| Gramercy Park | $1.3M | $1.3M | +1.9% |
| Rose Hill | $2.5M | $1.9M | -21.8% |
Housing Supply in The Flatiron District, NY
How many homes are available in The Flatiron District, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 112 | +0.9% |
Summary: The The Flatiron District real estate market had 112 homes for sale in October 2024, a 0.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 29 | +16.0% |
| 2 Bedrooms | 41 | 39 | -4.9% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The The Flatiron District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Flatiron District, expect to pay close to the asking price. 88.9% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in The Flatiron District in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 11% were sold under asking, 89% were sold at asking, and 0% were sold over asking.
Days on Market for The Flatiron District, NY
We’re sorry, we don't have information for this market at the moment
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