West Village Real Estate Market Trends

Market Overview for Quarter 3, 2021


Median Sale Price

$1.4M

8% YoY


Median Price/Sqft

$2,095

9% YoY


No. of Transactions

120

207% YoY

Manhattan Median Sale Price

$1.1M

5% YoY

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

As of Quarter 3, the median home sale price in West Village was $1.4M, up 8% year-over-year. A total of 120 properties traded, representing a 207% year-over-year increase. The median price per square foot in Quarter 3 was $2,095, a 9% YoY change. The median home sale price in Manhattan was $1.1M.

West Village Neighborhood Map

Made up of the western area of Greenwich Village, the West Village is a residential area with an eclectic assortment of classic brownstones, small eateries, services, and shops. Property prices are some of the highest in the U.S. but with the prices come access to numerous subway lines and cobblestone streets that feel unchanged for centuries.

West Village Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in West Village

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Top most expensive neighborhoods in Manhattan

West Village median price compared with other neighborhoods in Manhattan

West Village property values are on the higher-end for neighborhoods in Manhattan .




West Village median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $4,650,000
TriBeCa Manhattan $3,497,500
NoLIta Manhattan $2,975,000
SoHo Manhattan $2,850,000
NoHo Manhattan $2,775,000
Chinatown Manhattan $2,549,753
Central Park South Manhattan $2,417,500
Hudson Square Manhattan $2,250,000
Civic Center Manhattan $2,180,180
Two Bridges Manhattan $1,968,815
Carnegie Hill Manhattan $1,900,000
NoMad Manhattan $1,827,500
Battery Park City Manhattan $1,715,000
Flatiron District Manhattan $1,500,000
West Village Manhattan $1,376,000
Garment District Manhattan $1,280,000
Chelsea Manhattan $1,240,000
Greenwich Village Manhattan $1,180,000
Lenox Hill Manhattan $1,100,000
Lincoln Square Manhattan $1,100,000
East Village Manhattan $1,100,000
Theatre District - Times Square Manhattan $1,050,000
Upper West Side Manhattan $996,500
Koreatown Manhattan $990,000
Financial District Manhattan $965,000
Yorkville Manhattan $962,500
Gramercy Park Manhattan $932,500
Clinton - Hell's Kitchen Manhattan $922,500
Lower East Side Manhattan $900,000
Murray Hill Manhattan $885,000
Sutton Place Manhattan $870,000
Turtle Bay Manhattan $850,000
Marble Hill Manhattan $850,000
Central Midtown Manhattan $825,000
Manhattan Valley Manhattan $819,500
East Harlem Manhattan $718,000
Harlem Manhattan $710,750
Morningside Heights Manhattan $642,914
Kips Bay Manhattan $620,750
Washington Heights Manhattan $545,000
Roosevelt Island Manhattan $542,069
Inwood Manhattan $370,000
Tudor City Manhattan $309,500

Residential Properties Sold in West Village

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $2.1M -51% $2K -1% 46
Coops $872K 9% $1K 5% 67
Houses $7.2M -41% $2K 15% 9

The median house sale price in West Village in Quarter 3 was $7.2M, down 41% year-over-year. Condo prices in West Village trended similarly, with the median condo price down 51% year-over-year to $2.1M. Median coop sale price in West Village were $872K, a change of 9% year-over-year.

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West Village Neighborhood Guide

The West Village developed in the early 1800s as a country village outside of the city on lower Manhattan and so the island's orderly street grid never imposed its will on the community. Today some 80% of West Village has been declared a historic district so those narrow streets running at odd angles, with the cobblestones and neatly planted trees, are here to stay. The residents cherish their bucolic pieces of small town life in the big city, often including well-tended gardens. The West Village lifestyle appeals equally to the independent single and the ambitious professional, to the retiree and to the child-rearing family.

Architecture and landmarks

The streets are lined with row after row of Federalist and Greek Revival homes, a living textbook of 19th century architecture. The Stonewall Inn, a gay bar where patrons clashed with police in 1969, is now America's first national landmark dedicated to LGBT rights. The White Horse Tavern began life as a longshoreman's bar before morphing into a major gathering place for Bohemian writers and artists in the 1950s.

Transport

West Villagers enjoy convenient transportation to offices in the Financial District and Midtown from stops in Greenwich Village next door - at Washington Square Station residents can hop on the A,B, C, D, E, F and M trains. Several lines run under 7th Avenue - the 1, 2 and 3 can all be accessed at Christopher Street.

Schools

West Village youngsters share PS 3, Melser Charrette School, and PS 41, Greenwich Village School, with neighboring Greenwich Village. The Simon Baruch School and City-as-School serve secondary students. The City and Country School at 146 West 13th Street has been offering private instruction for children aged two to 12 since 1914 and St. Luke's School, with an enrollment of between 250 and 300 students, provides an Episcopal education from Junior Kindergarten through Grade 8.

Health

Instead of the recently demolished St. Vincent's Hospital, residents can now turn to New York Doctors Urgent Care for the treatment of all non-life threatening illnesses and injuries. No appointments are necessary and the facility on 13th Street is open all day, every day.

Safety

The West Village is one of New York's bastions of safety. The main exceptions come on weekend nights when the neighborhood is frequented by outsiders enjoying trendy night spots.

Things to do

West Villagers hold Hudson River Park as dear as Midtowners love Central Park. Skateboarding, beach volleyball and tennis are just the start of the sporting opportunities found here. The park stages a parade of events during the year from fishing derbies to Shell-ebrate Oysters, a festival honoring the long New York romance with the tasty bivalve. When it comes to eating, the West Village is legendary for its cozy cafes and bistros. The Magnolia Bakery spent so much time taking star turns on network television in the 1990s that it launched a national cupcake craze.

These days a half-dozen of their I Cupcake New York cakes sell for $30. Off-Broadway shows have infiltrated the neighborhood at the Cherry Lane Theater, Lucille Lord Theater and the Barrow Street Theater. And enough famous stars live in West Village that their houses have become stops for tour buses. One attraction that is not housed in a quaint 19th century building is the Whitney Museum of American Art which moved from the Upper East Side in 2015 into a Renzo Piano-designed showcase on Gansevoort Street, just outside the neighborhood border. The pre-eminent collection of 20th- and 21st-century American Art includes over 21,000 permanent pieces from more than 3,000 artists.

The most talked about new urban park in America opened above the West Village in 2009. The High Line was an abandoned 1.45-mile spur of the New York Central Railroad that was converted into an aerial greenway. It is estimated that today the High Line attracts five million visitors a year - more than the Grand Canyon. Bleecker Playground, celebrating its 50th anniversary in 2016, can seem just as busy with the younger crowd. Hudson River Park is another great alternative for spending weekend afternoons and for jogging.