|Apartment Size||Feb||vs Last Month|
|4+ bed apartments||$2,234,400||+15.9%|
During February 2023, the average price for an apartment in/near New York, NY increased by 12.9% to $1,375,110.
Knowing the current property prices is key if you plan to buy a studio in New York, NY. The average price for a studio has decreased since the last month, currently being $1,482,242. After collecting all data points, we now see that the average price for 1-bed apartment increased by 13.5% to $550,314. Asking price for 2-bed apartment also increased by 17.4% and a place of this size will now cost you $908,173. A 3-bed apartment goes for $1,337,544, it increased by 31.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 15.9% and made it up to $2,234,400.
|Listing Type||Feb||vs Last Month|
|Townhouses for sale||$1,405,226||+0.3%|
|Lofts for sale||$1,405,900||+1.1%|
|Land for sale||$1,975,529||-0.3%|
|Houses for sale||$1,085,217||+2.9%|
|Duplexes for sale||$1,074,467||+0.6%|
|Condos for sale||$1,481,018||+32.2%|
|Apartments for sale||$946,901||-5.7%|
|Other for sale||$2,388,786||-0.4%|
The average cost of an apartment in New York, NY decreased by 5.7% to $946,901. Price reports demonstrate that house price increased by 2.9% this month making it up to $1,085,217. Condos are really in demand in this season. The median price for a condo increased by 32.2%, it’s now available for $1,481,018. You can now purchase a duplex for just $1,074,467, duplex price increased by 0.6% this month. The price dynamics of lofts changed, it increased by 1.1%, the price tag now starts at $1,405,900. The property value of townhouses increased by 0.3%, you’ll have to spend around $1,405,226 to get one. The average price of the land for sale in New York, NY has decreased by 0.3%, and now equals $1,975,529. The price for other types of properties for sale has changed since January, decreased by 0.4%. Now, the price is $2,388,786 on average.