$10,000 Closing Credit*
$1,595,000
1 Bed
•1 Full Bath
#RPLU-1032523289472, Andrew Detore, Listing Office: Serhant
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 November 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
$1,825,000
$1,678/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$225,000(+14.1%)
Key Takeaway
Homes in The Flatiron District have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in The Flatiron District was $1,825,000 in November 2024, up 14.1% from last year, and the median price per square foot was $1,678.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $910K | -11.2% |
| 2 Bedrooms | $2.1M | $1.9M | -12.1% |
| 3 Bedrooms | $3.8M | $3.7M | -3.0% |
| 4 Bedrooms | $12.5M | $9.7M | -22.0% |
| 5+ Bedrooms | $5.5M | $4.7M | -14.1% |
Summary: The Flatiron District housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Neighborhoods
| The Flatiron District | $1.6M | $1.8M | +14.1% |
| Chelsea | $1.9M | $2.2M | +13.5% |
| Gramercy Park | $1.3M | $1.3M | +6.7% |
| Rose Hill | $2.5M | $2.0M | -21.4% |
Housing Supply in The Flatiron District, NY
How many homes are available in The Flatiron District, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 99 | -12.4% |
Summary: The The Flatiron District real estate market had 99 homes for sale in November 2024, a 12.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 27 | -12.9% |
| 2 Bedrooms | 36 | 32 | -11.1% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The The Flatiron District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
10 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. 83.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in The Flatiron District in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 83% 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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