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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan
Manhattan
For buyers focused on affordability, Nolita has the lower median sale price at $35K vs $1.3M in Chelsea.
Investors analyzing rental yield will find Nolita offers a stronger rent-to-price ratio based on current market data.
Commuters have more transit options in Chelsea, which is served by 14 subway lines compared to 13 in Nolita.
| Metric | Chelsea | Nolita |
|---|---|---|
| Median Sale Price | $1,250,000 | $34,500 |
| Median Condo Price | $3,052,500 | $1,541,643.5 |
| Median Co-op Price | $830,000 | $34,500 |
| Median Rent | $5,975 | $5,495 |
| Active Listings | 366 | 18 |
| Rental Inventory | 721 | 128 |
| Days on Market | 60.5 | 13 |
| Price Cut Share | 12.8% | 11.8% |
| Monthly Sales Volume | 39 | 3 |
| YoY Price Change | -19.4% | 0.0% |
| YoY Rent Change | +7.7% | +11.6% |
| YoY Inventory Change | -12.9% | -5.3% |
| Subway Lines | 1 2 3 A B C D E F M N Q R W | 1 6 A B C D E J N Q R W Z |
Prices in Chelsea moved -19.4% over the past year, compared to 0.0% in Nolita. Both markets have seen price softening, with Chelsea declining more sharply over the measured period.
Chelsea is the epicenter of New York’s contemporary art world and a hub for innovative architecture. Home to the High Line and Chelsea Market, the neighborhood mixes industrial history with modern luxury. The real estate market here is dominated by high-end condominium developments designed by world-renowned architects, alongside historic pre-war lofts and historic townhouses in the Chelsea Historic District.
View Full Market ReportNolita (North of Little Italy) is a stylish and intimate neighborhood known for its narrow streets, boutique shopping, and cozy cafes. It offers a village-like atmosphere that feels worlds away from the surrounding bustle. The real estate market is characterized by historic low-rise walk-up buildings and a select few modern boutique condominiums that offer a high level of design and luxury in one of Manhattan's most fashionable and walkable districts.
View Full Market Report34 St-Penn Station (1 2 3 A C E) — 0.6 mi
34 St-Herald Sq (B D F M N Q R W) — 0.7 mi
Spring St (6 C E) — 0.0 mi
Prince St (N R W) — 0.1 mi
Bowery (J Z) — 0.2 mi
Grand St (B D) — 0.3 mi
Canal St (1 6 A C E J N Q R W Z) — 0.3 mi
Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.