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)
Month to Month Inventory Comparison
| 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% |