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 May 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
$1,456,367
$1,282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper East Side have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Upper East Side was $1,456,367 in May 2024, down 1.3% from last year, and the median price per square foot was $1,282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $715.5K | $725K | +1.3% |
| 2 Bedrooms | $1.4M | $1.4M | +1.7% |
| 3 Bedrooms | $2.7M | $2.5M | -7.7% |
| 4 Bedrooms | $4.7M | $4.9M | +3.7% |
| 5+ Bedrooms | $10.1M | $9.8M | -2.8% |
Summary: Upper East Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lenox Hill | $1.4M | $1.5M | +5.3% |
| Upper East Side | $1.4M | $1.4M | -1.3% |
| Carnegie Hill | $2.2M | $2.1M | -5.7% |
| Yorkville | $1.1M | $969K | -12.6% |
Housing Supply in Upper East Side, NY
How many homes are available in Upper East Side, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,829 | 1,731 | -5.4% |
Summary: The Upper East Side real estate market had 1,731 homes for sale in May 2024, a 5.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 517 | 470 | -9.1% |
| 2 Bedrooms | 541 | 515 | -4.8% |
| 3 Bedrooms | 377 | 352 | -6.6% |
| 4 Bedrooms | 206 | 208 | +1.0% |
| 5+ Bedrooms | 188 | 186 | -1.1% |
Summary: The Upper East Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 133 | +1.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Upper East Side, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 133 homes were sold or pending in Upper East Side in May 2024, up by 1.5% month-over-month. Of the 133 sold homes, 14% were sold under asking, 86% were sold at asking, and 1% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 174 Days | +374.5% |
Summary: Homes in Upper East Side had an average of 174 days on market in May 2024, up by 374.5% 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 May 2024, 133 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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