Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
Manhattan Median Sale Price
As of Quarter 1, the median home sale price in SoHo was $3.1M, up 25% year-over-year. A total of 34 properties traded, representing a 78% year-over-year increase. The median price per square foot in Quarter 1 was $1,711, an 11% YoY change. The median home sale price in Manhattan was $1M.
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.
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||$2,147,500|
|Upper West Side||Manhattan||$1,075,000|
|Theatre District - Times Square||Manhattan||$970,000|
|Clinton - Hell's Kitchen||Manhattan||$779,500|
|Battery Park City||Manhattan||$753,950|
|Lower East Side||Manhattan||$728,000|
Residential Properties Sold in SoHo
|Property Type||Median sale price||Y-o-Y||Median sale price/sqft||Y-o-Y||Transactions|
The median house sale price in SoHo in Quarter 1 was relatively flat year-over-year at $11.8M. However, median condo prices in SoHo trended up 4% year-over-year to $3.8M. Median coop sale price in SoHo were $2.6M, a change of 90% year-over-year.
Fair use and redistribution
We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.
Branded market reports
Advance your marketing strategy and turn our market reports into your new business card.Find out more
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.
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.
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.
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.
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.