Chelsea recorded 5 closed sales in the last 30 days at a median close price of $1.44M. Active inventory stands at 258 listings with a median asking price of $1.70M ($1,873/sqft). Condos dominate at 60% of inventory. 41.0% price reductions among active listings. 4 new listings hit the market this week, while 164 properties are under contract. At current absorption rates, Chelsea has approximately 51.6 months of supply, making it a buyer's market. As a Chelsea specialist with over 25 years of experience, I track these numbers daily to give my clients a competitive edge. If you are considering buying or selling in Chelsea, call me at (917) 416-7433 for a personalized market analysis.
Chelsea Market Report August 2026: $1.70M Median
Milton Coste
Live from REBNY/RLS
July 31, 2026
Milton Coste
Licensed Real Estate Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
258
Active Listings
$1.70M
Median Asking
5
Sold (30 Days)
51.6
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 258 |
| Pending Sales | 164 |
| Median Asking Price | $1.70M |
| Median Price/Sqft | $1,873 |
| Avg Days on Market | N/A |
| New This Week | 4 |
| Price Reduced | 82 (41.0%) |
| Sold (Last 30 Days) | 5 |
| Sold (Last 90 Days) | 6 |
| Median Sale Price (90d) | $1.44M |
| Sale-to-List Ratio | 98.7% |
| Months of Supply | 51.6 (buyer's market) |
Property Mix
Condo 60% (120)
Co-op 34% (68)
Condop 3% (5)
Recent Transactions
|
342 W 21st Street #4B, Apt 4B | $805,000 | 1 BR | Jul 31, 2026 |
|
365 W 20TH Street #11B, Apt 11B | $1,065,000 | 1 BR | Jul 30, 2026 |
|
201 W 17th Street #7A, Apt 7A | $3,200,000 | 3 BR | Jul 31, 2026 |
|
422 W 20th Street #4-H, Apt 4-H | $1,525,000 | 2 BR | Jul 28, 2026 |
|
420 W 23RD Street #9A, Apt 9A | $1,358,000 | 2 BR | Jul 6, 2026 |
Rental Market
2
Closed Rentals (30 Days)
$5,725/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| 1 BR | Limited data | Limited data | Limited data |
| 2 BR | Limited data | Limited data | Limited data |
Based on 2 transactions. Limited volume may result in atypical metrics.
Recent Transactions
|
270 W 17th Street #2K, Apt 2K | $5,750/mo | 1 BR | Jul 31, 2026 |
|
340 W 17th Street #2B, Apt 2B | $5,700/mo | 2 BR | Jul 31, 2026 |
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Active Listings in Chelsea
View All
$6,499,000
141 W 24TH Street #PH7
3 beds
3 baths
3,600 sqft
Condo
$650,000
305 W 16TH Street #4A
Studio
1 bath
Condop
$1,250,000
444 W 19TH Street #502
1 bed
1 bath
737 sqft
Condo
$1,450,000
151 W 21st Street #7A
1 bed
1 bath
771 sqft
Condo
$1,250,000
540 W 28th Street #8H
1 bed
1 bath
781 sqft
Condo
$360,000
451 W 22ND Street #3R
Studio
1 bath
Co-op
Data provided by the RLS at REBNY
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.