Nolita – Real Estate Market Snapshot

Charming, conveniently located, and chockfull of restaurants, bars, and shops, the compact neighborhood of Nolita has a lot to recommend it. What this area doesn’t have a lot of, however, are residential properties to buy or rent. During the first 11 months of 2022, only 28 residential sales were closed. Of those, 54% were in the $1 million-$3 million range. Another 14% sold for less, and 18% cost $3 million-$8 million.

 

Deal Count by Price Segment - Nolita

 

 

 

At the end of 2022, just 13 residential properties were for sale, none for less than $1 million. In fact, nearly a third were priced at more than $12 million. The plurality—38%—were in the $3 million-$8 million range. The median asking price for condos was $5.7 million, for townhouses $8.5 million. (No co-ops were on the market.)

 

# of Listings by Price - Nolita

Median Asking Price by Type - Nolita

 

 

Also at the end of the year, 44 residential rentals were available. While none cost less than $2,500 per month, 18% were priced at $2,500-$3,500 per month, and 16% were asking $3,500-$5,000 per month. Monthly rent for 43% of the properties was in the $5,000-$9,000 range, with nearly a quarter charging more than $9,000 per month.

 

Rental Listings by Price Segment - Nolita

 

 

 

Looked at another way, the median monthly rent for studios in Nolita was $2,850. At the opposite end of the range, $75,000 was the median monthly rent for residences with four or more bedrooms. The median monthly rent for one-bedroom units was $4,272, $6,740 for two-bedroom rentals, and $10,000 for three-bedroom units. The median monthly rent for condo units was also $10,000, compared with $8,375 for co-op units and $41,245 for townhouses.

 

Median Rental Price by Bedroom count - Nolita

Median Rental Price by Type - Nolita

Reset Password

Start an account to create alerts and save your searches and more...

Get notified when new listings match your saved searches.
Save listings and get updated of any changes in price, status and new open houses.
Hide listings that aren't for you so you don't have to see them over and over again.
Get recommendations and stay up-to-date with your dashboard.

Start an account to create alerts and save your searches and more...

Get notified when new listings match your saved searches.
Save listings and get updated of any changes in price, status and new open houses.
Hide listings that aren't for you so you don't have to see them over and over again.
Get recommendations and stay up-to-date with your dashboard.

Sign in instantly with Facebook or Google!

Or sign up the old fashioned way

http://searchapi-backup.we3.com:8983/solr/search-listings/select