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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan
Manhattan
For buyers focused on affordability, Chelsea has the lower median sale price at $1.3M vs $3.8M in Soho.
Investors analyzing rental yield will find Chelsea 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 11 in Soho.
| Metric | Chelsea | Soho |
|---|---|---|
| Median Sale Price | $1,250,000 | $3,805,000 |
| Median Condo Price | $3,052,500 | $3,049,999.5 |
| Median Co-op Price | $830,000 | $3,675,000 |
| Median Rent | $5,975 | $8,495 |
| Active Listings | 366 | 145 |
| Rental Inventory | 721 | 147 |
| Days on Market | 60.5 | 72 |
| Price Cut Share | 12.8% | 12.4% |
| Monthly Sales Volume | 39 | 12 |
| YoY Price Change | -19.4% | +25.5% |
| YoY Rent Change | +7.7% | +14.0% |
| YoY Inventory Change | -12.9% | +0.7% |
| Subway Lines | 1 2 3 A B C D E F M N Q R W | 1 6 A C E J N Q R W Z |
Prices in Chelsea moved -19.4% over the past year, compared to +25.5% in Soho. Soho is seeing price appreciation while Chelsea has softened, pointing to different supply-demand dynamics in each market.
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 ReportSoHo contains the world's largest concentration of cast-iron architecture, with approximately 250 landmarked buildings within the SoHo-Cast Iron Historic District. The housing stock centers on spacious loft conversions with high ceilings and oversized windows, alongside luxury condominiums and pre-war walk-ups, served by the C, E, N, Q, R, W, 1, 4, and 6 trains. The cobblestone streets and commercial corridors along Broadway, West Broadway, and Prince Street define one of Manhattan's most architecturally distinctive neighborhoods.
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
Canal St (1 6 A C E J N Q R W Z) — 0.1 mi
Spring St (6 C E) — 0.2 mi
Prince St (N R W) — 0.3 mi
Franklin St (1) — 0.3 mi
Bowery (J Z) — 0.5 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.
