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July 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 luxury market July

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 62 listings available, 9 in contract, and 48 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,891, with a median PPSF of $4,941. The average luxury property price is $30.53 million, while the median price stands at $17.18 million.


Luxury properties tend to spend approximately 196 days on the market before being sold. Buyers have negotiated an average discount of 15.7% off the asking price, offering potential investment opportunities.


For Sale

67 listings

In Contract

10 listings

Sold

48 listings

Average PPSF

$5,891

$5,188

$4,906

Median PPSF

$4,941

$4,550

$4,569

Average Price

$30.53M

$30.10M

$17.50M

Median Price

$17.18M

$16.48M

$13.53M

Days on market

172

101

196

Avg. Discount off Ask

15.7%

 

57th Street Condos (all price points)


Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 161 listings for sale, with 36 in contract and 150 successfully sold.


The PPSF for condos on 57th Street stands at $3,299, with a median PPSF of $2,127. The average condo price is $12.92 million, while the median price is $3.27 million.


With an average of 107 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 9.1% off the asking price, presenting potential savings.

For Sale

161 listings

In Contract

36 listings

Sold

150 listings

Average PPSF

$3,299

$2,614

$2,554

Median PPSF

$2,127

$1,713

$1,583

Average Price

$12.92M

$9.21M

$6.77M

Median Price

$3.27M

$2.55M

$1.98M

Days on market

129

86

107

Avg. Discount off Ask

9.1%

 

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 116 co-op listings available, with 59 in contract and 155 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.34 million, with a median price of $950,000. These figures make co-ops an enticing choice for buyers seeking affordability without compromising on location and character.


Co-ops spend an average of 84 days on the market, indicating a swift sales process. Additionally, buyers have negotiated an average discount of 6.3% off the asking price, presenting potential savings.

For Sale

116 listings

In Contract

59 listings

Sold

155 listings

Average Price

$1.34M

$1.13M

$897k

Median Price

$950k

$749k

$670k

Days on market

87

79

84

Avg. Discount off Ask

6.3%

 

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

Month to Month Inventory comparison

July 2023

June 2023

% Change

Average PPSF

$5,891

$5,862

0.49%

Median PPSF

$4,941

$5,640

-12.39%

Average Price

$30.53M

$29.02M

5.20%

Median Price

$17.18M

$16.50M

4.12%

Days on market

172

146

15.44%

Inventory

62

67

-7.46%


Priciest Pad (Co-op Edition) - $5,200,000

Active



white living room with a couch, a coffee table and a chair





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