Market Overview for August, 2023
Median Sale Price
-0.1% YoY
Median Price/Sqft
-10.5% YoY
No. of Transactions
161.5% YoY
Manhattan Median Sale Price
-15% YoY
What is the median sale price and median price per sq ft in SoHo?
Top most expensive neighborhoods in Manhattan
SoHo median price compared with other neighborhoods in Manhattan
SoHo property values are on the higher-end for neighborhoods in Manhattan .
SoHo median price compared with all the neighborhoods in Manhattan
| Neighborhood | Borough | Median Sale Price |
|---|---|---|
| Central Park South | Manhattan | $6,250,000 |
| Hudson Yards | Manhattan | $6,164,125 |
| SoHo | Manhattan | $2,946,750 |
| Hudson Square | Manhattan | $2,695,000 |
| TriBeCa | Manhattan | $2,495,000 |
| Flatiron District | Manhattan | $2,150,000 |
| NoMad | Manhattan | $2,129,763 |
| Chinatown | Manhattan | $1,862,500 |
| NoHo | Manhattan | $1,790,500 |
| Carnegie Hill | Manhattan | $1,650,000 |
| Two Bridges | Manhattan | $1,500,827 |
| Garment District | Manhattan | $1,350,000 |
| Greenwich Village | Manhattan | $1,255,000 |
| NoLIta | Manhattan | $1,225,000 |
| Lenox Hill | Manhattan | $1,172,500 |
| Central Midtown | Manhattan | $1,170,000 |
| Lincoln Square | Manhattan | $1,160,000 |
| West Village | Manhattan | $1,150,000 |
| Upper West Side | Manhattan | $1,057,500 |
| Financial District | Manhattan | $1,045,000 |
| Kips Bay | Manhattan | $979,000 |
| Civic Center | Manhattan | $940,000 |
| Battery Park City | Manhattan | $905,112 |
| Gramercy Park | Manhattan | $900,000 |
| Sutton Place | Manhattan | $835,000 |
| Lower East Side | Manhattan | $810,000 |
| East Village | Manhattan | $800,000 |
| Yorkville | Manhattan | $792,000 |
| Murray Hill | Manhattan | $787,500 |
| Clinton - Hell's Kitchen | Manhattan | $755,000 |
| Manhattan Valley | Manhattan | $723,500 |
| Morningside Heights | Manhattan | $720,000 |
| Chelsea | Manhattan | $718,750 |
| Harlem | Manhattan | $707,500 |
| Turtle Bay | Manhattan | $699,000 |
| East Harlem | Manhattan | $590,000 |
| Koreatown | Manhattan | $560,000 |
| Tudor City | Manhattan | $489,000 |
| Inwood | Manhattan | $384,000 |
| Washington Heights | Manhattan | $370,000 |
| Theatre District - Times Square | Manhattan | $225,000 |
Residential Properties Sold in SoHo
| Property Type | Median sale price | Y-o-Y | Median sale price/sqft | Y-o-Y | Transactions |
| Condos | $4.8M | -19.6% | $1K | -12.9% | 16 |
| Coops | $1.4M | -40.9% | $1K | -33.1% | 18 |
| Houses | - | - | - | - | 0 |
The median condo price in SoHo in August was $4.8M, down 19.6% year-over-year. Median coop sale price in SoHo were $1.4M, a change of -40.9% year-over-year. There was no statistically significant data for median house sale price activity for the period of August in SoHo.
See also
Manhattan Commercial Market Trends
Manhattan Multifamily Market Trends
Manhattan Retail Market Trends
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SoHo Neighborhood Guide
SoHo - it''s not just for artists anymore. The urban homesteaders who transformed light-filled industrial lofts into highly-desirable living space "south of Houston Street" have moved on, leaving behind a paradise of unique architecture and trendy boutiques. You''ll be sharing lines with fashion-conscious tourists at some of the city''s hottest restaurants and galleries, but it is all part of the neighborhood''s youthful vibe.
Architecture and landmarks
A large chunk of SoHo has been designated the SoHo Cast Iron Historic District. From 1840 until 1880 cast iron was all the rage in construction with pre-assembled facades in ornate French and Italianate styles being quick to install and relatively cheap. Today the greatest concentration of cast iron architecture in the world is found along the Belgian block cobblestone streets of SoHo, some 250 buildings in all. Out on the southeast corner of Houston and Lafayette streets is an architectural outlier - the Romanesque-flavored red brick arches of the Puck building. The former headquarters of the influential satirical magazine of the late 1800s is instantly recognizable by the gilded figure of William Shakespeare's "Puck" transported from A Midsummer Night's Dream and deposited on the building's exterior. The Little Singer Building at 561 Broadway is another beautiful landmark and a fine example of Beaux-Arts architecture.
Transport
Houston Street has always been one of Manhattan Island's primary east-west thoroughfares and is serviced by the M21 crosstown bus. The M1 and M5 lines take care of ferrying people north and south. The New York City Subway brings trains into SoHo along 6 Avenue, Broadway, Lafayette Street and Centre Street.
Schools
As befits a neighborhood that was never intended to be residential there are no New York City public schools in the approximately 26 blocks of SoHo. Several nearby schools for SoHo students include three primary schools (3, 41, and 130) and two middle schools (104 and 131). There is a Montessori School on Sullivan Street for toddlers and primary school children.
Health
SoHo Health NY provides a range of services from preventive care to treatment of acute and chronic illnesses; it is a key player in a broader network of Manhattan medical centers.
Safety
SoHo is under the protection of the 1st Precinct, which saw 21.68 crimes per 1,000 residents in 2015.
Things to do
Galleries are still a staple in SoHo, the Terrain and Matin Lawrence galleries among them. High-end retailers are here with virtually all the recognizable fashion brands represented. When you exhaust the trend-setting boutiques check out Manhattan's juiciest bargains in the ultimate Chinese bargain hut - the Pearl River Mart on Broadway.
The neighborhood's restaurants are legendary and attract long lines of tourists, especially on the weekends. Keep reservation lines on your phone's speed dial! Of course, while you are waiting in line you can always admire the details of the cast iron architecture in the neighborhood. Even the New York Public Library in SoHo features wrought iron fixtures attached to exposed brick walls. Located on Mulberry Street, it was once a chocolate factory.
As for outdoor leisure, the city has spent several million dollars in the past decade to spruce up Vesuvius Park, named for a popular bakery which in turn took its name from the infamous Roman volcano. SoHo residents enjoy a mini-pool, spray fountains and courts for handball players, basketballers and bocce enthusiasts.