Is West Village, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Village is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, West Village has remained a Buyer's Market.

Key Takeaway

West Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in West Village, NY

How much do homes in West Village, NY cost?

Median Sold Price

$1,750,000

$2,311/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$215,000(-10.9%)

Key Takeaway

Homes in West Village have sold for 10.9% less than they did a year ago.

Summary: The median home sold price in West Village was $1,750,000 in October 2024, down 10.9% from last year, and the median price per square foot was $2,311.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.1M$1.1M
-0.6%
2 $2.4M$2.1M
-12.2%
3 $6.7M$7.2M
+6.9%
4 $8.5M$5.8M
-31.9%
5+ $8.6M$11.6M
+34.0%

Summary: West Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Neighborhoods

Chelsea
+14.2%
Greenwich Village
-6.7%
West Village
-10.9%
Hudson Square / West SoHo
-30.5%

Housing Supply in West Village, NY

How many homes are available in West Village, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
194174-10.3%

Summary: The West Village real estate market had 174 homes for sale in October 2024, a 10.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 7560
-20.0%
2 4946
-6.1%
3 2824
-14.3%
4 2119
-9.5%
5+ 2125
+19.0%

Summary: The West Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2413-45.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Village, expect to pay close to the asking price. 76.9% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in West Village in October 2024, down by 45.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 77% were sold at asking, and 0% were sold over asking.

Days on Market for West Village, NY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in West Village, NY

Nearby Markets to West Village, NY