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NYC Gazette

Sunday, April 20, 2025

Midtown home prices fall in 2017

Re 3

The median sale price of a home sold in 2017 in Midtown fell by $15,000 while total sales increased by 25.4%, according to BlockShopper.com.

From January through December of 2017, there were 89 homes sold, with a median sale price of $1,585,000 - a 0.9% decrease over the $1,600,000 median sale price for the previous year. There were 71 homes sold in Midtown in 2016.

The following table compares Midtown to other New York County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Upper East Side14312514.4%$1,821,470.63$1,225,00048.7%
Morningside Heights38-62.5%$1,745,000$950,00083.7%
Greenwich Village4862-22.6%$1,725,000$1,725,0000%
Lincoln Square173186-7%$1,725,000$1,598,0007.9%
West Village8195-14.7%$1,600,000$2,000,000-20%
Midtown897125.4%$1,585,000$1,600,000-0.9%
Lenox Hill153188-18.6%$1,550,000$1,517,5002.1%
Gramercy Park3149-36.7%$1,540,000$1,400,00010%
Chelsea1381269.5%$1,425,000$1,337,5006.5%
Hamilton Heights31303.3%$1,330,000$1,506,249.50-11.7%
East Village52512%$1,272,500$1,250,0001.8%

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