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August 57th Street Market Report

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.

Chart of the 57th Street Market Report

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 56 listings available, 11 in contract, and 48 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,822, with a median PPSF of $4,873. The average luxury property price is $29.34 million, while the median price stands at $16 million.


Luxury properties tend to spend approximately 167 days on the market before being sold. Buyers have negotiated an average discount of 15.6% off the asking price, offering potential investment opportunities.


For Sale

56 listings

In Contract

11 listings

Sold

48 listings

Average PPSF

$5,822

$5,668

$4,838

Median PPSF

$4,873

$5,331

$4,409

Average Price

$29.34M

$36.06M

$17.45M

Median Price

$16.00M

$24.50M

$13.57M

Days on market

190

297

167

Avg. Discount off Ask

15.6%

 

57th Street Condos (all price points)


Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 140 listings for sale, with 46 in contract and 154 successfully sold.


The PPSF for condos on 57th Street stands at $3,359, with a median PPSF of $2,126. The average condo price is $12.81 million, while the median price is $3.30 million.


With an average of 105 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 8.9% off the asking price, presenting potential savings.

For Sale

140 listings

In Contract

46 listings

Sold

154 listings

Average PPSF

$3,359

$2,620

$2,469

Median PPSF

$2,126

$1,613

$1,574

Average Price

$12.81M

$10.20M

$6.59M

Median Price

$3.30M

$2.37M

$1.95M

Days on market

159

169

105

Avg. Discount off Ask

8.9%

 

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 101 co-op listings available, with 61 in contract and 158 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.40 million, with a median price of $995,000. These figures make co-ops an enticing choice for buyers seeking affordability without compromising on location and character.


Co-ops spend an average of 79 days on the market, indicating a swift sales process. Additionally, buyers have negotiated an average discount of 5.8% off the asking price, presenting potential savings.

For Sale

101 listings

In Contract

61 listings

Sold

158 listings

Average Price

$1.40M

$1.16M

$888k

Median Price

$995k

$795k

$643k

Days on market

118

99

79

Avg. Discount off Ask

5.8%

 

57th Street Luxury Market ($5M and above)

August 2023

July 2023

% Change

Average PPSF

$5,822

$5,891

-1.17%

Median PPSF

$4,873

$4,941

-1.38%

Average Price

$29.34M

$30.53M

-3.90%

Median Price

$16.00M

$17.18M

-6.87%

Days on market

190

172

10.47%

Inventory

56

62

-9.68%


Priciest Pad - $92,000,000

In Contract


Indoor picture of the apartment in 432 Park Ave








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