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June 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 57th Street Market Report in June

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 67 listings available, 10 in contract, and 48 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,862, with a median PPSF of $5,640. The average luxury property price is $29.02 million, while the median price stands at $16.50 million.


Luxury properties tend to spend approximately 167 days on the market before being sold. Buyers have negotiated an average discount of 14.8% off the asking price, offering potential investment opportunities.


For Sale

67 listings

In Contract

10 listings

Sold

48 listings

Average PPSF

$5,862

$5,475

$5,196

Median PPSF

$5,640

$5,205

$4,622

Average Price

$29.02M

$28.05M

$21.05M

Median Price

$16.50M

$15.59M

$14.78M

Days on market

149

272

167

Avg. Discount off Ask

14.8%

 

57th Street Condos (all price points)


Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 168 listings for sale, with 41 in contract and 151 successfully sold.


The PPSF for condos on 57th Street stands at $3,385, with a median PPSF of $2,183. The average condo price is $12.85 million, while the median price is $3.36 million.


With an average of 99 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 8.1% off the asking price, presenting potential savings.

For Sale

168 listings

In Contract

41 listings

Sold

151 listings

Average PPSF

$3,385

$2,554

$2,667

Median PPSF

$2,183

$1,633

$1,592

Average Price

$12.85M

$8.42M

$7.87M

Median Price

$3.36M

$2.45M

$1.95M

Days on market

110

84

99

Avg. Discount off Ask

8.1%

 


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 118 co-op listings available, with 65 in contract and 156 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.39 million, with a median price of $993,000. These figures make co-ops an enticing choice for buyers seeking affordability without compromising on location and character.


Co-ops spend an average of 85 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

118 listings

In Contract

65 listings

Sold

156 listings

Average Price

$1.39M

$1.12M

$887k

Median Price

$993k

$780k

$660k

Days on market

89

65

85

Avg. Discount off Ask

6.0%



Priciest Pad - $75,891,559

sold


indoor pool in a luxury area




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