Nestled between Central Park and Riverside Park, the Upper West Side has it all: Lincoln Center and the Museum of Natural History, world-class restaurants and chic shopping, family-friendly activities and hot nightspots. It also has a bustling real estate market. From the beginning of 2023 through mid-March 2024, an impressive 2,302 residential sales closed. The plurality of those properties, 44%, sold for less than $1 million. Another 39% sold for $1 million-$3 million, while 13% closed in the $3 million-$8 million range. A scant 3% of the residential properties sold for more than $8 million. 
As of March 2024, 922 UWS residential units were for sale. This time 6% had an asking price of more than $12 million, and another 5% were priced at $8 million-$12 million. On the opposite end of the price range, 27% were available for less than $1 million. Nearly as many (25%) were asking $3 million-$8 million. The remaining 36% had a sale price of $1 million-$3 million.
The median asking price for co-op units was $1.14 million. That’s less than half of the $3 million median asking price for condos. Townhouses had a median asking price of $8.5 million.
Of the 419 residential rentals available in March, only 2% rented for less than $2,500 a month, while 23% had a monthly rent of more than $9,000. In between, 17% rented for $2,500-$3,500 a month, 26% for $3,500-$5,000, and 32% for $5,000-$9,000.
At $3,150, the median monthly rent for available studios was less a fifth of the $17,416 median rent for units with four or more bedrooms. One-bedroom rentals had a median monthly rent of $4,500, compared with $7,300 for two-bedroom units and $10,612 for those with three bedrooms.
Source: Perchwell