Chelsea Housing Market Report January 2025•New York County, New York

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Housing Prices in Chelsea, NY

How much do homes in Chelsea, NY cost?

Housing Market Conditions

Is Chelsea, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Chelsea is a Buyer's Market

Difference Since January 2024

Since last year, Chelsea has remained a Buyer's Market.

Insight

Chelsea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$2,303,333$1,893/SqFt
+$303,333
+15.2%

Based on all homes sold in the last 12 months

Insight

Homes in Chelsea have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Chelsea was $2,303,333 in January 2025, up 15.2% from last year, and the median price per square foot was $1,893.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Chelsea
+15.2%
Midtown Manhattan
-1.4%
The Flatiron District
-3.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$1.0M$999.2K
-5.5%
2$2.2M$2.4M
+8.3%
3$5.4M$5.3M
-2.6%
4$7.0M$8.4M
+20.0%
5$10.0M$19.9M
+100.0%

Summary: Chelsea housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.5%. The home price for 2 bedroom homes increased by +8.3%. The home price for 3 bedroom homes decreased by -2.6%. The home price for 4 bedroom homes increased by +20.0%. The home price for 5 bedroom homes increased by +100.0%.

Housing supply in Chelsea, NY

How many homes are available in Chelsea, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
323Last MonthJan 2025
3452 months agoDec 2024
-6.4 %
Change MoMDec – Jan

Summary: The Chelsea real estate market had 323 homes for sale in Jan 2025, a 6.4 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
38Last MonthJan 2025
432 months agoDec 2024
-11.6 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
1120119
-0.8%
29996
-3.0%
37665
-14.5%
43226
-18.8%
51817
-5.6%

Summary: Chelsea housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -0.8%. The inventory for 2 bedroom homes decreased by -3.0%. The inventory for 3 bedroom homes decreased by -14.5%. The inventory for 4 bedroom homes decreased by -18.8%. The inventory for 5 bedroom homes decreased by -5.6%.

Asking Price vs. Sold Price

How much do homes in Chelsea, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price34 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Chelsea, expect to pay close to the asking price. 89.5% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in Chelsea in January 2025, down by 11.6% month-over-month. Of the 38 sold homes, 11% were sold under asking, 89% were sold at asking, and and 0% were sold over asking.

Days on Market for Chelsea, NY

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Chelsea, NY

What homes are available in Chelsea, NY?

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Based on information from Real Estate Board of New York, and OneKey MLS for the period 02/01/2023 - 02/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

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Last updated on: 2/10/2025, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/9/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.