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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
221 active listings · Median $1.4M
Calculating market narrative...
A condo-dominant submarket with strong rent growth and rising sale prices.
Median asking rent in Chelsea is $6,131/month, $11 below the 5-year high set in May 2026. Rents are up +7.8% year over year and +46.2% over the past 5 years. Median sale price stands at $1.39M, 38.0% below the 5-year high recorded in Dec 2024. Sale prices are up +33.8% 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.
Source: StreetEasy market data, through Jun 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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Calculating market narrative...
| Inventory & Activity | |
| Active Listings | 414 |
| Pending Sales | 161 |
| New This Week | 8 |
| New This Month | 25 |
| Avg DOM | 64.5 days |
| Price Cut Rate | 15.5% |
| Recent Sales | |
| Sold Last 30 Days | 41 |
| Sold Last 90 Days | 129 |
| Sale-to-List | 96.0% |
| Asking Prices | |
| Median Asking | $1,385,000 |
| Average Asking | $3,758,997 |
| Median $/SqFt | $1,864 |
| Median Condo | $2,370,000 |
| Median Co-op | $960,000 |
Based on active listings in Chelsea
| Type | Active Listings | Median Price | Price Range |
|---|---|---|---|
| Studio | 28 | $599,500 | $349K - $1.68M |
| 1 Bedroom | 71 | $1,150,000 | $525K - $2.85M |
| 2 Bedrooms | 50 | $2,262,500 | $1.12M - $11.99M |
| 3+ Bedrooms | 72 | $5,850,000 | $2.38M - $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 made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
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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.
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.
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Sale listings that came on the market in the last 7 days.
Homes in Chelsea take a median 65 days to sell. Source: StreetEasy market data.
555 W 22ND Street #PH24W
Chelsea
A condo in a 2023-built building in Chelsea.
451 W 22ND Street #3R
Chelsea
Among the lower-priced studio co-ops currently listed in the neighborhood.
520 W 23rd Street #11D
Chelsea
Priced in line with the neighborhood studio condo median of $599,500.
253 W 16TH Street #3E
Chelsea
Priced below the neighborhood studio co-op median of $599,500.
500 W 18TH Street #EAST_24B
Chelsea
A 3,386 sq ft condo in Chelsea.
447 W 18TH Street #3C
Chelsea
Priced in line with the neighborhood 2-bedroom condo median of $2,262,500.
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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 $1.4M. Condos sit at a median of $2.4M and co-ops at $960K. Sale prices are up 33.8% year over year.
No. The median sale price in Chelsea is currently 38.0% below the 5-year high recorded in December 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Chelsea have a median of 64.5 days on market. Roughly 15.5% of active listings have recorded a price cut, suggesting some negotiating room.
Chelsea is broadly balanced right now, with median days on market at 64.5 days and 15.5% 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 $2.4M median, with co-ops at $960K.
Roughly 37 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 $6,131/month. Live RLS listings show studios at $4,975, 1-bedrooms at $7,700, 2-bedrooms at $11,050 per month. Rents are up 7.8% year over year.
Median asking rent in Chelsea is currently $11 below the 5-year high set in May 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Chelsea has risen 46.2% 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 Greenwich Village at $2.0M, Flatiron at $1.5M, West Village at $1.3M, Midtown South at $765K. 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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