June 57th Street Market Report
- Leslie Hirsch
- Jul 1, 2024
- 2 min read
The following market report provides an overview of the real estate listings around 57th Street/ Billionaires' Row. The report includes information on properties for sale, properties in contract, and properties sold within the last year.
57th Street Luxury Market ($5M and above)
For those seeking unparalleled luxury, 57th Street's luxury market offers an exclusive collection. These properties are priced at $5 million and above, with 75 listings available, 14 in contract, and 37 successfully sold.
Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,301, with a median PPSF of $5,009. The average luxury property price is $24.04 million, while the median price stands at $18.00 million.
Luxury properties tend to spend approximately 154 days on the market before being sold. Buyers have negotiated an average discount of 18.7% off the asking price, offering potential investment opportunities.
For Sale 75 listings | In Contract 14 listings | Sold 37 listings | |
Average PPSF | $5,301 ▲* | $4,700 ▼ | $4,665 ▼ |
Median PPSF | $5,009 = | $3,516 = | $4,761 ▼ |
Average Price | $24.04M ▼ | $26.59M ▲ | $22.52M ▲ |
Median Price | $18.00M = | $10.70M ▼ | $13.60M = |
Days on market | 150 ▲ | 123 ▼ | 154 ▲ |
Avg. Discount off Ask | | | 18.7% ▼ |
*Compared to April 2024
57th Street Condos (all price points)
Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 130 listings for sale, with 37 in contract and 156 successfully sold.
The PPSF for condos on 57th Street stands at $3,738 with a median PPSF of $2,545. The average condo price is $14.41 million, while the median price is $5.63 million.
With an average of 139 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 14.1% off the asking price, presenting potential savings.
| For Sale 130 listings | In Contract 37 listings | Sold 156 listings |
Average PPSF | $3,738 ▲ | $2,788 ▼ | $2,365 ▼ |
Median PPSF | $2,545 ▲ | $1,828 ▼ | $1,637 ▼ |
Average Price | $14.41M ▲ | $11.27M ▼ | $6.72M ▲ |
Median Price | $5.63M ▲ | $2.67M ▼ | $1.91M ▼ |
Days on market | 106 ▲ | 118 ▼ | 139 ▲ |
Avg. Discount off Ask | | | 14.1% ▲ |
57th Street Co-ops (all price points)
Embrace the charm and affordability of 57th Street's co-ops, providing an attractive option for budget-conscious buyers. Currently, there are 100 co-op listings available, with 42 in contract and 165 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.66 million, with a median price of $1.17 million. These figures make co-ops an enticing choice for buyers seeking affordability without compromising on location and character.
Co-ops spend an average of 94 days on the market, indicating a swift sales process. Additionally, buyers have negotiated an average discount of 4.9% off the asking price, presenting potential savings.
| For Sale 100 listings | In Contract 42 listings | Sold 165 listings |
Average Price | $1.66M ▲ | $916k ▼ | $796k ▲ |
Median Price | $1.17 ▼ | $822k ▲ | $615k ▼ |
Days on market | 97▲ | 77 ▼ | 94 ▲ |
Avg. Discount off Ask | | 4.9% ▼ |
57th Street Luxury Market ($5M and above)
| June 2023 | June 2024 | % Change |
Average PPSF | $5,862 | $5,301 | -10.58% |
Median PPSF | $5,640 | $5,009 | -12.60% |
Average Price | $29.02M | $24.04M | -20.72% |
Median Price | $16.50M | $18.00M | 8.33% |
Days on market | 149 | 150 | 0.67% |
Inventory | 67 | 75 | 10.67% |
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