$10,000 Closing Credit*
$950,000
706 SqFt
1 Bed
•1 Full Bath
#PRCH-37043376, Douglas Travaglione, Listing Office: Sothebys International Realty
Is Upper East Side, 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, Upper East Side has remained a Buyer's Market.
Key Takeaway
Upper East Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper East Side, NY
How much do homes in Upper East Side, NY cost?
Median Sold Price
$1,529,883
$1,265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,820(+3.4%)
Key Takeaway
Homes in Upper East Side have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Upper East Side was $1,529,883 in November 2024, up 3.4% from last year, and the median price per square foot was $1,265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700.1K | $728.1K | +4.0% |
| 2 Bedrooms | $1.5M | $1.5M | -0.2% |
| 3 Bedrooms | $2.7M | $2.6M | -4.6% |
| 4 Bedrooms | $5.4M | $4.4M | -19.9% |
| 5+ Bedrooms | $10.9M | $9.0M | -17.5% |
Summary: Upper East Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 19.9%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lenox Hill | $1.4M | $1.5M | +5.6% |
| Upper East Side | $1.4M | $1.5M | +3.4% |
| Carnegie Hill | $2.2M | $2.1M | -4.0% |
| Yorkville | $1.1M | $1.0M | -6.4% |
Housing Supply in Upper East Side, NY
How many homes are available in Upper East Side, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,520 | 1,297 | -14.7% |
Summary: The Upper East Side real estate market had 1,297 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 433 | 375 | -13.4% |
| 2 Bedrooms | 478 | 387 | -19.0% |
| 3 Bedrooms | 287 | 235 | -18.1% |
| 4 Bedrooms | 172 | 158 | -8.1% |
| 5+ Bedrooms | 150 | 142 | -5.3% |
Summary: The Upper East Side housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.4%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 162 | 102 | -37.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper East Side, expect to pay close to the asking price. 84.3% of homes here sold near the asking price last month.
Summary: A total of 102 homes were sold or pending in Upper East Side in November 2024, down by 37.0% month-over-month. Of the 102 sold homes, 13% were sold under asking, 84% were sold at asking, and 3% were sold over asking.
Days on Market for Upper East Side, NY
How long does it take to sell a home in Upper East Side, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 145 Days | 158 Days | +8.7% |
Summary: Homes in Upper East Side had an average of 158 days on market in Nov 2024, up by 8.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Upper East Side are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 102 homes were sold in Upper East Side; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
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