Lower East Side Real Estate Market Trends

Market Overview for Quarter 1, 2021


Median Sale Price

$728K

-28% YoY


Median Price/Sqft

$1,345

-18% YoY


No. of Transactions

63

53% YoY

Manhattan Median Sale Price

$1M

-1% YoY

The median home sale price in Lower East Side as of Quarter 1 was $728K, down 28% year-over-year. A total of 63 assets were sold, representing a 53% growth compared to Quarter 1 last year. The median price per square foot was $1,345, an -18% YoY change. In Quarter 1, the median home sale price in Manhattan was $1M.

Lower East Side Neighborhood Map

Lower East Side Median Sale Price

View: GraphTable

Median Sale Price Per Square Feet

View: Graph Table

Real Estate Transactions in Lower East Side

View: Graph Table

Top most expensive neighborhoods in Manhattan

Lower East Side median price compared with other neighborhoods in Manhattan

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




Lower East Side median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,504,250
TriBeCa Manhattan $3,550,000
SoHo Manhattan $3,250,000
Hudson Square Manhattan $2,906,012
Civic Center Manhattan $2,760,000
NoLIta Manhattan $2,647,450
Central Park South Manhattan $2,147,500
NoHo Manhattan $1,935,000
Little Italy Manhattan $1,925,000
Garment District Manhattan $1,900,000
Flatiron District Manhattan $1,865,000
Chinatown Manhattan $1,733,179
NoMad Manhattan $1,623,500
Carnegie Hill Manhattan $1,500,000
West Village Manhattan $1,312,500
Two Bridges Manhattan $1,225,900
Greenwich Village Manhattan $1,165,000
Lenox Hill Manhattan $1,150,000
Gramercy Park Manhattan $1,119,375
Upper West Side Manhattan $1,100,000
Chelsea Manhattan $1,077,600
East Village Manhattan $1,049,500
Lincoln Square Manhattan $1,040,000
Theatre District - Times Square Manhattan $997,500
Financial District Manhattan $967,500
Central Midtown Manhattan $830,000
Yorkville Manhattan $824,000
Turtle Bay Manhattan $820,000
Sutton Place Manhattan $803,750
Manhattan Valley Manhattan $800,000
East Harlem Manhattan $790,000
Clinton - Hell's Kitchen Manhattan $779,500
Battery Park City Manhattan $762,900
Murray Hill Manhattan $750,000
Lower East Side Manhattan $728,000
Harlem Manhattan $705,000
Roosevelt Island Manhattan $676,551
Morningside Heights Manhattan $670,000
Koreatown Manhattan $645,000
Kips Bay Manhattan $597,000
Washington Heights Manhattan $590,000
Inwood Manhattan $535,000
Tudor City Manhattan $492,500

Residential Properties Sold in Lower East Side

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.9M 45% $1K -11% 16
Coops $686K 0% $904 16% 47
Houses - - - - 0

The median condo price in Lower East Side in Quarter 1 was $1.9M, up 45% year-over-year. Median coop sale price in Lower East Side were $686K, a change of 0% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 1 in Lower East Side.

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