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January 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.




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 58 listings available, 9 in contract, and 43 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,304, with a median PPSF of $5,192. The average luxury property price is $23.56M million, while the median price stands at $17.63M million.


Luxury properties tend to spend approximately 167 days on the market before being sold. Buyers have negotiated an average discount of 17.7% off the asking price, offering potential investment opportunities.


For Sale

58 listings

In Contract

9 listings

Sold

43 listings

Average PPSF

$5,304

$6,100

$4,183

Median PPSF

$5,192

$5,034

$4,142

Average Price

$23.56M

$46.92M

$17.95M

Median Price

$17.63M

$34.00M

$13.60M

Days on market

242

363

167

Avg. Discount off Ask

17.7%

 

57th Street Condos (all price points)


Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 106 listings for sale, with 30 in contract and 157 successfully sold.


The PPSF for condos on 57th Street stands at $3,615, with a median PPSF of $2,784. The average condo price is $13.50M million, while the median price is $5.45M million.


With an average of 134 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 14.6% off the asking price, presenting potential savings.

For Sale

106 listings

In Contract

30 listings

Sold

157 listings

Average PPSF

$3,615

$2,935

$2,247

Median PPSF

$2,784

$1,767

$1,610

Average Price

$13.50M

$15.43M

$6.22M

Median Price

$5.45M

$2.15M

$2.05M

Days on market

155

154

134

Avg. Discount off Ask

14.6%

 

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 76 co-op listings available, with 49 in contract and 172 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.50 million, with a median price of $1.06 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 91 days on the market, indicating a swift sales process. Additionally, buyers have negotiated an average discount of 6.0% off the asking price, presenting potential savings.

For Sale

76 listings

In Contract

49 listings

Sold

172 listings

Average Price

$1.50M

$979k

$890k

Median Price

$1.06M

$725k

$692k

Days on market

118

102

91

Avg. Discount off Ask

6.0%

 

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

December 2023

January 2024

% Change

Average PPSF

$5,641

$5,304

-6.35%

Median PPSF

$5,043

$5,192

2.87%

Average Price

$27.91M

$23.56M

-18.46%

Median Price

$18.00M

$17.63M

-2.10%

Days on market

240

242

0.83%

Inventory

55

58

5.17%














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