Upper West Side – Real Estate Market Snapshot

Bordered by Central Park and Riverside Park, the Upper West Side is lined with architecturally beautiful residential buildings. Filled with rich history, cultural destinations like Lincoln Center and the American Museum of Natural History, it’s no wonder why the market in this neighborhood is incredibly active, with nearly 500 closed sales in the first three months of 2022 alone. The data speaks for itself that this neighborhood is bustling with an uptick of interest across both sales and rental opportunities.

 

Thus far this year, through March 2022, there have been 468 closed sales, with 42% priced under $1M, 40% priced between $1-3M, 16% priced between $3-8M, 1% priced between $8-12M, and the remaining 1% priced over $12M.

 

The RLS reports 864 currently active listings on the market, of which 29% are listed below $1 million, 35% are listed between $1 – $3 million, 24% are listed between $3 – $8 million, 6% are listed between $8-$12 million, and 6% listed above $12 million. The median asking price in the Upper West Side area range from $1.11 million for co-ops, $2.9 million for condos, and $8.4 million for townhomes in the area.

 

Sales - Listings by Price Segments 2021 - Marh 2022

Sales - Closed Deal Count by Segment YTD- Marh 2022

Sales - Median Asking price by Type 2021 - Marh 2022

 

 

The rental market in Upper West Side currently has 176 available listings. The median price of co-op rentals is $4,025, condo rentals is $4,200, and for townhome rentals is $8,350 in this area.

 

Rental - Bedroom Count

Rental - Median Price by type

Rental - Median Price by BR count

 

 

READ NEXT:  Upper West Side – Lifestyle

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