East Village Real Estate Market Trends

Market Overview for Quarter 4, 2020


Median Sale Price

$795K

6% YoY


Median Price/Sqft

$1,328

0% YoY


No. of Transactions

43

-29% YoY

Manhattan Median Sale Price

$1M

6% YoY

In Quarter 4, the median home sale price in East Village was $795K, a 6% increase year-over-year. A total of 43 properties changed hands, representing a 29% contraction compared to the same month last year. The median price per square foot as of Quarter 4 was $1,328, a 0% YoY change. In Manhattan, the median home sale price was $1M.

East Village Neighborhood Map

Home to a number of artistic movements including punk rock and the Nuyorican literary movement, East Village is a diverse community with a unique artistic vibe and vibrant 24/7 nightlife. The neighborhood is home to parks, indie record stores, and budget-minded eateries. Housing options here include co-ops, condos, and some rare examples of the townhouse.

East Village Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in East Village

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Top most expensive neighborhoods in Manhattan

East Village median price compared with other neighborhoods in Manhattan

Property values in East Village are lower compared to the borough of East Village overall.




East Village median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
TriBeCa Manhattan $3,563,875
NoHo Manhattan $2,700,000
SoHo Manhattan $2,700,000
Hudson Yards Manhattan $2,678,750
Central Park South Manhattan $2,237,500
NoLIta Manhattan $2,225,000
Two Bridges Manhattan $2,157,681
Civic Center Manhattan $1,900,968
Hudson Square Manhattan $1,882,812
Central Midtown Manhattan $1,845,000
Chelsea Manhattan $1,593,750
Garment District Manhattan $1,502,500
NoMad Manhattan $1,490,000
Lincoln Square Manhattan $1,465,000
West Village Manhattan $1,427,500
Carnegie Hill Manhattan $1,400,000
Chinatown Manhattan $1,266,031
Flatiron District Manhattan $1,230,000
Greenwich Village Manhattan $1,147,500
Upper West Side Manhattan $1,130,000
Lenox Hill Manhattan $1,060,000
Little Italy Manhattan $999,500
Battery Park City Manhattan $994,500
Gramercy Park Manhattan $957,500
Turtle Bay Manhattan $952,000
Clinton - Hell's Kitchen Manhattan $910,000
Roosevelt Island Manhattan $895,000
Yorkville Manhattan $846,000
Theatre District - Times Square Manhattan $825,000
Sutton Place Manhattan $800,000
East Village Manhattan $795,500
Financial District Manhattan $791,000
Manhattan Valley Manhattan $723,400
Morningside Heights Manhattan $718,000
Harlem Manhattan $715,000
Lower East Side Manhattan $700,000
East Harlem Manhattan $660,000
Kips Bay Manhattan $625,000
Murray Hill Manhattan $615,000
Washington Heights Manhattan $508,750
Inwood Manhattan $460,000
Tudor City Manhattan $327,500

Residential Properties Sold in East Village

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.9M 34% $1K 7% 15
Coops $665K 6% $1K 1% 27
Houses - - - - 0

The median condo price in East Village in Quarter 4 was $1.9M, up 34% year-over-year. Median coop sale price in East Village were $665K, a change of 6% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 4 in East Village.

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East Village Neighborhood Guide

Known as a mecca for hip bars, clubs, cafes, galleries, bookstores, and affordably priced eateries, you'd be hard pressed to want for anything in this eclectic neighborhood. Stylish though it may be, the East Village is known for a laid-back attitude that's welcoming to most anyone. Not for the faint-of-heart, this neighborhood has singlehandedly proven New York City's nickname true: it is the city that never sleeps. From parks to indie record stores to great dive bars, there's always something to do in this Manhattan neighborhood.

Architecture and landmarks

The East Village showcases tenement style buildings right along with opulent mansions and from one block to the next you never know what you'll see. The East Village / Lower East Side Historic District has only been an approved historic district since 2012 and includes 330 tenements, theaters, row houses, cathedrals, and other buildings. Among the best known landmarks are the former Yiddish Art Theatre now turned movie theatre, the Webster Hall nightclub and concert venue, and the Orthodox Cathedral of the Holy Virgin Proetection.

Transport

East Village is a commuter's dream. The easiest way to get into the heart of the East Village is via the 6 train. Other subway lines that run through the East Village include:

Schools

The East Village is home to 23 primary and secondary schools and the public schools are part of the New York City Geographic District #1. The Manhattan Charter School is also close but has lower ratings than NYC Geographic District #1. The highest rated school in the area is the East Village Community School.

Health

There are two hospitals that serve the East Village Area: Gouverneur Hospital, which opened in 2013, and Beth Israel Medical Center located in nearby Gramercy.

Safety

The East Village is part of the 9th Precinct, where 17.49 crimes were reported per 1,000 residents in 2015. It is above average in terms of safety, compared to the rest of Manhattan below Central Park.

Things to do

A trip to the East Village wouldn't be complete without a stop by the world-famous Thompkins Square Park and a visit to St. Marks Place, the three-block-long strip with unique shops, bohemian boutiques, and food you won't find anywhere else in the world. Thompkins Square Park boasts amenities like a weekly farmer's market, art and neighborhood fairs throughout the year, and a nationally famous Halloween Dog Parade. Other parks in the East Village include 6BC Botanical Garden, Abe Lebewohl Park, and Miracle Garden.

The neighborhood is home to two branches of the New York Public Library: the Ottendorfer Library and the Thompkins Square Library, which stands across the street from the eponymous park. Fans of the arts won't want to miss the Nuyorican Poets Cafe, one of the last remaining spots in all of Manhattan to see live poetry read, and there are numerous small theaters with an ever-changing list of unique and cutting-edge live performances.

There's no shortage of unique shops in the East Village either, including the long-standing and world famous shop of John Derian where you can pick up fascinating plates and platters decoupaged with turn of the century letters. This old-world shop is next to a dry-goods store with delicate pillowcases, imported suzanis, and many other exotic goods. Foodies can eat their hearts out at eateries featuring everything from ethnic dishes from around the world to classic New York comfort food. Popular tried-and-true restaurants include Upstate, Raku, The Eddy, and Pylos.