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November 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.


graph of market report November

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, 11 in contract, and 41 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,321, with a median PPSF of $4,665. The average luxury property price is $25.52 million, while the median price stands at $15.25 million.


Luxury properties tend to spend approximately 167 days on the market before being sold. Buyers have negotiated an average discount of 15.9% off the asking price, offering potential investment opportunities.


For Sale

58 listings

In Contract

11 listings

Sold

41 listings

Average PPSF

$5,321

$5,352

$4,361

Median PPSF

$4,665

$5,327

$4,151

Average Price

$25.52M

$32.03M

$18.78M

Median Price

$15.25M

$19.93M

$13.60M

Days on market

204

292

167

Avg. Discount off Ask

15.9%

 

57th Street Condos (all price points)


Explore the diverse selection of condos available on 57th Street, catering to various price points. Currently, there are 124 listings for sale, with 32 in contract and 170 successfully sold.


The PPSF for condos on 57th Street stands at $3,291, with a median PPSF of $1,973. The average condo price is $12.59 million, while the median price is $3.34 million.


With an average of 114 days on the market, condos on 57th Street sell relatively quickly. Moreover, buyers have negotiated an average discount of 10% off the asking price, presenting potential savings.

For Sale

124 listings

In Contract

32 listings

Sold

170 listings

Average PPSF

$3,291

$2,795

$2,192

Median PPSF

$1,973

$1,635

$1,524

Average Price

$12.59M

$12.26M

$5.85M

Median Price

$3.34M

$2.25M

$1.91M

Days on market

146

172

114

Avg. Discount off Ask

10%

 

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 103 co-op listings available, with 50 in contract and 169 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.56 million, with a median price of $1.20 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 5.4% off the asking price, presenting potential savings.

For Sale

103 listings

In Contract

50 listings

Sold

169 listings

Average Price

$1.56M

$980k

$904k

Median Price

$1.20M

$712k

$710k

Days on market

109

106

91

Avg. Discount off Ask

5.4%

 

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

October 2023

November 2023

% Change

Average PPSF

$5,517

$5,321

-3.68%

Median PPSF

$4,852

$4,665

-4.01%

Average Price

$26.64M

$25.52M

-4.39%

Median Price

$15.50M

$15.25M

-1.64%

Days on market

214

204

-4.90%

Inventory

63

58

-8.62%














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