Nolita

The median sale price in Nolita is $35K. Condos sit at a median of $1.5M and co-ops at $35K.

No. The median sale price in Nolita is currently 97.8% below the 5-year high recorded in July 2013. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Nolita have a median of 13 days on market. Roughly 11.8% of active listings have recorded a price cut, suggesting some negotiating room.

Nolita is broadly balanced right now, with median days on market at 13 days and 11.8% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Nolita offers both co-ops and condos. Condos are the higher-priced segment at a $1.5M median, with co-ops at $35K.

Roughly 3 homes change hands each month in Nolita 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 Nolita is $5,495/month. Live RLS listings show studios at $28,000, 1-bedrooms at $6,200, 3+ bedrooms at $7,250 per month. Rents are up 11.6% year over year.

Yes. The median asking rent in Nolita 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 Nolita has risen 103.7% 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 Nolita, median sale prices range across Soho at $3.8M, Little Italy at $1.6M, All Downtown at $1.5M, Chinatown at $550K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Nolita is served by the 1, 6, A, B, C, D, E, J, N, Q, R, W, Z trains. The commute to Midtown Manhattan runs roughly 10 minutes from Prince St.

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 Nolita, 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: mcoste@kwnyc.com.