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October 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 63 listings available, 8 in contract, and 44 successfully sold.


Luxury properties on 57th Street command an average price per square foot (PPSF), at $5,517, with a median PPSF of $4,852. The average luxury property price is $26.64 million, while the median price stands at $15.50 million.


Luxury properties tend to spend approximately 150 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

63 listings

In Contract

8 listings

Sold

44 listings

Average PPSF

$5,517

$5,834

$4,525

Median PPSF

$4,852

$5,457

$4,569

Average Price

$26.64M

$36.23M

$19.54M

Median Price

$15.50M

$26.96M

$14.32M

Days on market

214

297

150

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 137 listings for sale, with 30 in contract and 172 successfully sold.


The PPSF for condos on 57th Street stands at $3,403, with a median PPSF of $2,126. The average condo price is $12.97 million, while the median price is $3.35 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 9.5% off the asking price, presenting potential savings.

For Sale

137 listings

In Contract

30 listings

Sold

172 listings

Average PPSF

$3,403

$2,638

$2,260

Median PPSF

$2,126

$1,577

$1,544

Average Price

$12.97M

$11.21M

$6.26M

Median Price

$3.35M

$2.25M

$1.89M

Days on market

168

184

114

Avg. Discount off Ask

9.5%

 

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 112 co-op listings available, with 48 in contract and 175 successfully sold. Co-ops on 57th Street have a more moderate average price of $1.48 million, with a median price of $1.19M. These figures make co-ops an enticing choice for buyers seeking affordability without compromising on location and character.


Co-ops spend an average of 87 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

112 listings

In Contract

48 listings

Sold

175 listings

Average Price

$1.48M

$971k

$891k

Median Price

$1.19M

$699k

$670k

Days on market

100

97

87

Avg. Discount off Ask

5.4%

 

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

September 2023

October 2023

% Change

Average PPSF

$5,597

$5,517

-1.45%

Median PPSF

$4,852

$4,852

0.00%

Average Price

$26.41M

$26.64M

0.86%

Median Price

$16.00M

$15.50M

-3.23%

Days on market

189

214

11.68%

Inventory

64

63

-1.59%


$149,500,000

Listing with the most Bedrooms on Billionaires' Row













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