$8,906 Closing Credit*
$750,000
Studio
•1 Full Bath
#RPLU-33423277882, Denise Cumby-Kelly, Listing Office: Corcoran Group
Is West Village, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, West Village was a Neutral Market.
Key Takeaway
West Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Village, NY
How much do homes in West Village, NY cost?
Median Sold Price
$1,691,500
$2,232/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$303,500(-15.2%)
Key Takeaway
Homes in West Village have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in West Village was $1,691,500 in December 2024, down 15.2% from last year, and the median price per square foot was $2,232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $1.1M | +2.1% |
| 2 Bedrooms | $2.4M | $2.0M | -13.4% |
| 3 Bedrooms | $7.1M | $6.3M | -11.1% |
| 4 Bedrooms | $8.4M | $6.2M | -26.4% |
| 5+ Bedrooms | $8.7M | $11.7M | +34.9% |
Summary: West Village housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 13.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Chelsea | $1.9M | $2.3M | +18.6% |
| Greenwich Village | $1.8M | $1.6M | -9.8% |
| West Village | $1.9M | $1.6M | -15.2% |
| Hudson Square / West SoHo | $2.5M | $2.1M | -17.0% |
Housing Supply in West Village, NY
How many homes are available in West Village, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 160 | 117 | -26.9% |
Summary: The West Village real estate market had 117 homes for sale in December 2024, a 26.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 55 | 40 | -27.3% |
| 2 Bedrooms | 40 | 28 | -30.0% |
| 3 Bedrooms | 27 | 17 | -37.0% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The West Village housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 37%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
20 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Village, expect to pay close to the asking price. 95.2% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in West Village in December 2024, up by 16.7% month-over-month. Of the 21 sold homes, 5% were sold under asking, 95% 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
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