Manhattan · New York, NY
288 active listings · Median $1.8M · 75 days on market
Chelsea has 6.9 months of supply (how long today's 286 listings would last at the 6-month pace of about 41 sales a month if nothing new came on the market), and homes sold at about 96% of their original asking price over the past 6 months (RLS/REBNY closed and active listings).
· Closed sales April 2, 2026 to October 2, 2026; listings active on October 2, 2026.
Chelsea has 6.9 months of supply (how long today's 286 listings would last at the 6-month pace of about 41 sales a month if nothing new came on the market), and homes sold at about 96% of their original asking price over the past 6 months (RLS/REBNY closed and active listings).
Absorption: about 15% of listings sell in a typical month.
| Apartment type | For sale now | Sold per month | Months of supplyhow long listings would last | Sold vs. original asksale price ÷ first asking price | Median days, listing to closingincludes contract-to-closing time |
|---|---|---|---|---|---|
| 3-bedroom co-opShorter supply than the neighborhood | 5 | 1.7 | 3 | 96% | 147 |
| 2-bedroom co-opIn line with the neighborhood | 21 | 4.5 | 4.7 | 99% | 149 |
| 2-bedroom condoIn line with the neighborhood | 48 | 9.7 | 5 | 97% | 151 |
| Studio condoIn line with the neighborhood | 6 | 1 | 6 | 97% | 101 |
| 1-bedroom condoIn line with the neighborhood | 40 | 6 | 6.7 | 96% | 153 |
| Studio co-opIn line with the neighborhood | 31 | 4.3 | 7.2 | 97% | 156 |
| 1-bedroom co-opIn line with the neighborhood | 47 | 6.3 | 7.4 | 98% | 143 |
| 3-bedroom condoIn line with the neighborhood | 46 | 5 | 9.2 | 96% | 113 |
| 4+ bedroom condoLonger supply than the neighborhood | 19 | 1.5 | 12.7 | 92% | 251 |
Only apartment types with at least 6 recorded sales in the period are shown. Off-market and owner-sold homes are not in RLS data.
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Get the numbers for your apartment typeHow long it would take to sell every home now listed if sales kept their recent pace and no new listings came on. A lower number means buyers have fewer homes to choose from.
The share of listed homes that sell in a typical month. An absorption rate of 25% means about one in four listings sells each month; it is the same measure as months of supply, turned around.
The price a home was listed at when it first came on the market, before any price cuts. Comparing the sale price with it shows how much room buyers negotiated.
Listing and sales data courtesy of the Real Estate Board of New York Residential Listing Service (RLS). Deemed reliable but not guaranteed.
A condo-dominant submarket with rents at the 5-year high, rising sale prices, and sale listings clearing quickly.
Median asking rent in Chelsea sits at $6,295/month, matching the 5-year high. Rents are up +8.6% year over year and +33.9% over the past 5 years. Median sale price is $1.80M. Sale prices are up +16.1% year over year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Sale figures: RLS/REBNY closed and active listings, April 2, 2026 to October 2, 2026. Rents: StreetEasy market data, through Sep 2026.
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...
In my 25+ years selling real estate across New York City, I use this Chelsea data in real negotiations, not just for a web page.
Stations: 34 St-Penn Station (0.59 mi), 34 St-Herald Sq (0.74 mi)
Midtown: 16 min (2 express from 34 St-Penn Station)
| School | Grades | Dist |
|---|---|---|
| NYC Lab School for Collaborative Studies | 6-12 | 0.40 mi |
| NYC Lab School for Collaborative Studies | 6-12 | 0.40 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Chelsea's stock spans architect-designed condominium developments, pre-war lofts and converted industrial buildings, and townhouses in the Chelsea Historic District. Buyers weigh it against the High Line, Chelsea Market and the 1/2/3/A/C/E trains. Condo sellers should have the offering plan amendments and common-charge history ready; co-op and loft sellers, the board package and building financials; townhouse sellers, the certificate of occupancy.
Built on your building's comparable sales, not a portal estimate.
Seven questions, plus a 2-to-4 family mode with your rent roll.
Commission, transfer taxes, flip tax and payoff, line by line.
Open HPD and DOB items, registration and lien status for 1-to-4 family owners.
With the address I can look at what sold in your building and on your block. If you would rather not give it yet, the email alone is enough.
Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 286 |
| Pending Sales | 121 |
| New This Week | 15 |
| New This Month | 113 |
| Avg DOM | 75 days |
| Price Cut Rate | 34.3% |
| Recent Sales | |
| Sold Last 30 Days | 37 |
| Sold Last 90 Days | 139 |
| Sold vs. Original Ask | 96.4% |
| Asking Prices | |
| Median Asking | $1,800,000 |
| Average Asking | $3,682,250 |
| Median $/SqFt | $1,948 |
| Median Condo Ask | $2,325,000 |
| Median Co-op Ask | $900,000 |
Based on active listings in Chelsea
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 42 | $625,000 | $349K - $995K |
| 1 Bedroom | 93 | $1,095,000 | $499K - $3.10M |
| 2 Bedrooms | 66 | $2,485,000 | $925K - $8.95M |
| 3+ Bedrooms | 87 | $6,285,000 | $1.70M - $42.50M |
View active listings by size:
Properties in Chelsea
REBNY/RLS Disclaimer: 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 is refreshed every 15 minutes per REBNY IDX requirements.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Chelsea buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
Milton helped me purchase my first Manhattan condo, and I can't recommend him highly enough. What could have been a stressful process ended up feeling remarkably smooth. From the initial offer through closing, Milton was responsive, knowledgeable, and always willing to take the time to answer questions and explain the details. I always felt informed and supported, but never pressured. If you're looking for a broker who is knowledgeable, trustworthy, responsive, and genuinely invested in helping his clients succeed, I would absolutely recommend Milton.
Milton was extremely helpful in finding my dream place. He was quick, friendly, and extremely responsive. He made the process so easy for me that it really took a weight off my shoulders. He took his time to work with my schedule and make sure I felt comfortable in my new place. I am really thankful. Highly recommend.
Quarterly report
Manhattan Market Report, 3Q 2026
$1,275,000 median sale price. Download the full report
Average DOM in NYC ranges from 49 days (Park Slope) to 122 days (Chelsea). Here is the pricing and staging strategy to sell in 45 days.
Co-op listings on the Upper East and Upper West Side are sitting 60+ days as condo demand stays firm. Full borough-by-borough prices and forecasts.
June 2026 tracker: Manhattan $1.23M, Brooklyn $1.07M, Queens $715K, Bronx $585K, Staten Island $730K. All five boroughs up year over year.
Mott Haven +730.4% (thin 2010 base), Battery Park City -8.7%: how 156 NYC neighborhoods held value 2010 to 2026, plus the 2020 stress test by borough.
On a $1M NYC purchase: co-ops run $20K-$30K, condos $38K-$42K, new dev $60K+. See every fee, who pays, and 5 ways to cut your bill.
Co-ops make up nearly 70% of NYC housing stock but require board approval. Condos cost more but offer flexibility. Here's how to decide.
Sale listings that came on the market in the last 7 days.
Homes in Chelsea take a median 75 days to go into contract. Source: RLS/REBNY closed and active listings, April 2, 2026 to October 2, 2026.
330 W 17th Street #4E
Chelsea
Among the lower-priced 1-bedroom co-ops currently listed in the neighborhood.
221 W 14th Street #1B
Chelsea
A 544 sq ft condo in Chelsea.
451 W 22ND Street #2F
Chelsea
Among the lower-priced studio co-ops currently listed in the neighborhood.
515 W 29th Street #6S
Chelsea
A 2,140 sq ft condo in Chelsea.
253 W 16th Street #1B
Chelsea
Among the lower-priced 2-bedroom co-ops currently listed in the neighborhood.
410 W 24TH Street #16K
Chelsea
Priced in line with the neighborhood 1-bedroom co-op median of $1,095,000.
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Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
The median sale price in Chelsea is $1.8M. Condos sit at a median of $2.3M and co-ops at $900K. Sale prices are up 16.1% year over year.
Sale listings in Chelsea have a median of 75 days on market. Roughly 34.3% of active listings have recorded a price cut, suggesting some negotiating room.
Chelsea is broadly balanced right now, with median days on market at 75 days and 34.3% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Chelsea offers both co-ops and condos. Condos are the higher-priced segment at a $2.3M median, with co-ops at $900K.
Roughly 41 homes change hands each month in Chelsea across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Chelsea is $6,295/month. Live RLS listings show studios at $4,325, 1-bedrooms at $7,250, 2-bedrooms at $9,050, 3+ bedrooms at $28,000 per month. Rents are up 8.6% year over year.
Yes. The median asking rent in Chelsea is currently at the 5-year high. Tenants searching the neighborhood right now are competing in a market priced at peak.
Median asking rent in Chelsea has risen 33.9% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Chelsea, median sale prices range across Midtown South at $2.9M, Flatiron at $1.7M, Greenwich Village at $1.4M, West Village at $1.2M. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Chelsea is served by the 1, 2, 3, A, B, C, D, E, F, M, N, Q, R, W trains. The commute to Midtown Manhattan runs roughly 16 minutes from 34 St-Penn Station.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Chelsea, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: milton@miltoncoste.com.
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Licensed Real Estate Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Chelsea, I will guide you every step of the way.
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