SoHo Real Estate Market Trends

Market Overview for Quarter 2, 2021


Median Sale Price

$2.7M

11% YoY


Median Price/Sqft

$1,718

-6% YoY


No. of Transactions

56

300% YoY

Manhattan Median Sale Price

$1.2M

16% YoY

What is the median sale price and median price per sq ft in SoHo?

As of Quarter 2, the median home sale price in SoHo was $2.7M, up 11% year-over-year. A total of 56 properties traded, representing a 300% year-over-year increase. The median price per square foot in Quarter 2 was $1,718, a -6% YoY change. The median home sale price in Manhattan was $1.2M.

SoHo Neighborhood Map

Premium shopping is just one of the draws of hip SoHo, with its timelessly fashionable crowd and a wide array of expensive boutiques. This is a youthful area with high rents and never-ending nightlife. While some of the classic artists' lofts and galleries are still there, new condos and converted lofts have taken over the real estate landscape.

SoHo Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in SoHo

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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
Hudson Yards Manhattan $5,364,000
TriBeCa Manhattan $3,700,000
NoHo Manhattan $2,950,000
SoHo Manhattan $2,687,500
Hudson Square Manhattan $2,562,500
NoMad Manhattan $2,189,362
Central Park South Manhattan $2,075,000
Chinatown Manhattan $1,994,520
NoLIta Manhattan $1,875,000
Civic Center Manhattan $1,825,000
Flatiron District Manhattan $1,782,000
West Village Manhattan $1,775,500
Carnegie Hill Manhattan $1,700,000
Two Bridges Manhattan $1,597,561
Little Italy Manhattan $1,350,000
Lincoln Square Manhattan $1,252,500
East Village Manhattan $1,234,628
Roosevelt Island Manhattan $1,225,000
Chelsea Manhattan $1,215,000
Greenwich Village Manhattan $1,175,000
Upper West Side Manhattan $1,165,000
Lenox Hill Manhattan $1,131,250
Battery Park City Manhattan $1,024,999
Lower East Side Manhattan $992,500
Central Midtown Manhattan $990,000
Gramercy Park Manhattan $982,500
Financial District Manhattan $972,500
Sutton Place Manhattan $955,000
Clinton - Hell's Kitchen Manhattan $950,000
Garment District Manhattan $940,000
Theatre District - Times Square Manhattan $868,000
Yorkville Manhattan $859,000
Murray Hill Manhattan $750,000
Harlem Manhattan $715,000
Manhattan Valley Manhattan $699,000
Turtle Bay Manhattan $670,000
Morningside Heights Manhattan $640,000
Koreatown Manhattan $630,000
East Harlem Manhattan $623,226
Kips Bay Manhattan $621,500
Washington Heights Manhattan $527,453
Inwood Manhattan $428,875
Tudor City Manhattan $311,777

Residential Properties Sold in SoHo

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $2.4M -20% $1K 1% 28
Coops $2.8M 16% $1K -19% 28
Houses - - - - 0

The median condo price in SoHo in Quarter 2 was $2.4M, down 20% year-over-year. Median coop sale price in SoHo were $2.8M, a change of 16% year-over-year. There was no statistically significant data for median house sale price activity for the period of Quarter 2 in SoHo.

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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.