Chelsea recorded 11 closed sales in the last 30 days at a median close price of $1.25M. Active inventory stands at 314 listings with a median asking price of $1.79M ($1,753/sqft). Condos dominate at 54% of inventory. 33.5% price reductions among active listings. 12 new listings hit the market this week, while 156 properties are under contract. At current absorption rates, Chelsea has approximately 28.5 months of supply, making it a buyer's market. As a Chelsea specialist with over 25 years of experience, I track these numbers daily to give my clients a competitive edge. If you are considering buying or selling in Chelsea, call me at (917) 416-7433 for a personalized market analysis.
Chelsea Real Estate May 2026 | $1.79M Median
Milton Coste
Live from REBNY/RLS
May 19, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
314
Active Listings
$1.79M
Median Asking
11
Sold (30 Days)
28.5
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 314 |
| Pending Sales | 156 |
| Median Asking Price | $1.79M |
| Median Price/Sqft | $1,753 |
| Avg Days on Market | N/A |
| New This Week | 12 |
| Price Reduced | 67 (33.5%) |
| Sold (Last 30 Days) | 11 |
| Sold (Last 90 Days) | 16 |
| Median Sale Price (90d) | $1.25M |
| Sale-to-List Ratio | 100.0% |
| Months of Supply | 28.5 (buyer's market) |
Property Mix
Condo 54% (108)
Co-op 38% (76)
Condop 3% (6)
Recent Transactions
|
555 W 23rd Street #S10L, Apt S10L | $1,880,000 | 2 BR | May 15, 2026 |
|
250 W 15th Street #3C, Apt 3C | $1,200,000 | 1 BR | May 18, 2026 |
|
201 W 16th Street #7C, Apt 7C | $425,000 | Studio | May 18, 2026 |
|
348 W 20th Street | $5,850,000 | 5 BR | May 5, 2026 |
|
360 W 22nd Street #12B, Apt 12B | $1,999,000 | 2 BR | May 15, 2026 |
|
201 W 21st Street #5-D, Apt 5-D | $475,000 | Studio | May 18, 2026 |
|
170 W 23rd Street #2J, Apt 2J | $569,000 | Studio | Apr 24, 2026 |
|
508 W 24th Street #2S, Apt 2S | $3,950,000 | 2 BR | May 12, 2026 |
|
77 7TH Avenue #3P, Apt 3P | $1,195,000 | 1 BR | May 13, 2026 |
|
155 W 20th Street #4E, Apt 4E | $1,295,000 | 1 BR | May 11, 2026 |
|
405 W 23RD Street #3F, Apt 3F | $415,000 | Studio | May 15, 2026 |
Rental Market
2
Closed Rentals (30 Days)
$5,950/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | Limited data | Limited data | Limited data |
| 1 BR | Limited data | Limited data | Limited data |
Based on 2 transactions. Limited volume may result in atypical metrics.
Recent Transactions
|
280 W 24TH Street #6M, Apt 6M | $7,300/mo | 1 BR | May 18, 2026 |
|
85 8th Avenue #2-H, Apt 2-H | $4,600/mo | Studio | May 17, 2026 |
Want this report in your inbox?
Get monthly market updates for Chelsea delivered free.
Active Listings in Chelsea
View All
$5,995,000
410 W 24TH Street #19BCE
4 beds
4 baths
2,720 sqft
Co-op
$5,500,000
545 W 20TH Street #5B
3 beds
4 baths
3,647 sqft
Condo
$1,750,000
519 W 23RD Street #GARDEN
2 beds
2 baths
1,050 sqft
Condo
$1,895,000
450 W 23RD Street #E
2 beds
3 baths
Co-op
$699,000
100 W 15TH Street #2A
1 bed
1 bath
Co-op
$4,200,000
522 W 29th Street #9C
2 beds
3 baths
1,638 sqft
Condo
Data provided by the RLS at REBNY
This 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.