Introduction
Greenwich Village has long been known as one of New York City’s most sought-after neighborhoods. Located in the heart of Manhattan, the neighborhood’s walkable streets feature historic architecture, homegrown restaurants, and cutting-edge culture. It’s no wonder that the real estate market here is so competitive. Whether you are a first-time buyer, an investor, or a long-time resident, this guide will help you understand the specifics of the Greenwich Village real estate market.
Market Trends
The Greenwich Village real estate market is as vibrant as they come. Prices in the neighborhood have been steadily rising, with the median sales price increasing by 19% between 2015-2020. Since the same period, the number of homes sold rose by 18%.
The average price per square foot is also on the rise, though slightly less dramatically than the median home price. The current median price per square foot stands at $1,790, up 3.2% from 2015.
What Kind of Homes Are Available In Greenwich Village?
Greenwich Village is primarily a residential neighborhood, with many of its homes falling into the mid-range price point. The area is home to a variety of housing options, from luxury high-rises to co-ops and townhomes.
Single family homes are less commonly found in Greenwich Village, though they can be found in various styles and sizes. They range in price from $2 million to as high as $10 million, depending on the size and location.
FAQs About
What is the median price of a home in Greenwich Village?
The median sales price for a home in Greenwich Village is currently $2.7 million.
What is the average price per square foot in Greenwich Village?
The average price per square foot in Greenwich Village is currently $1,790.
Are there any single family homes in Greenwich Village?
Yes, there are some single family homes in Greenwich Village. Prices range from $2 million to as high as $10 million, depending on the size and location.
Is the Greenwich Village real estate market competitive?
Yes, the Greenwich Village real estate market is highly competitive. Prices have been steadily rising, and homes rarely stay on the market for more than a few weeks.
Conclusion
Greenwich Village is an attractive and vibrant neighborhood in the heart of Manhattan. Its real estate market is highly competitive, with prices on the rise and an array of desirable homes. Whether you’re looking to buy, invest in, or rent a property in Greenwich Village, this guide has provided you with the essential information needed to make a well-informed choice.
Boldly Make Your Move: Choose