Chelsea recorded 31 closed sales in the last 30 days at a median close price of $1.94M. Active inventory stands at 272 listings with a median asking price of $1.95M ($1,814/sqft). Condos dominate at 59% of inventory. 24.0% price reductions among active listings. 26 new listings hit the market this week, while 148 properties are under contract. At current absorption rates, Chelsea has approximately 8.8 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 Market Update: March 2026
Milton Coste
Live from REBNY/RLS
March 24, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10401274378 | (917) 416-7433
272
Active Listings
$1.95M
Median Asking
31
Sold (30 Days)
8.8
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 272 |
| Pending Sales | 148 |
| Median Asking Price | $1.95M |
| Median Price/Sqft | $1,814 |
| Avg Days on Market | N/A |
| New This Week | 26 |
| Price Reduced | 48 (24.0%) |
| Sold (Last 30 Days) | 31 |
| Sold (Last 90 Days) | 95 |
| Median Sale Price (90d) | $1.94M |
| Sale-to-List Ratio | 99.6% |
| Months of Supply | 8.8 (buyer's market) |
Property Mix
Condo 59% (117)
Co-op 35% (69)
Condop 3% (5)
Recent Transactions
Rental Market
20
Closed Rentals (30 Days)
$6,050/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | 6 | $3,625/mo | $3,200 - $4,731 |
| 1 BR | 8 | $6,990/mo | $4,750 - $14,500 |
| 2 BR | Limited data | Limited data | Limited data |
| 3+ BR | 4 | $13,250/mo | $5,500 - $25,000 |
Recent Transactions
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Active Listings in Chelsea
View All
$4,400,000
151 W 17th Street #PHC
2 beds
3 baths
2,917 sqft
Condo
$4,950,000
456 W 19th Street #6/7F
3 beds
4 baths
2,069 sqft
Condo
$3,995,000
550 W 29th Street #7A
3 beds
4 baths
2,180 sqft
Condo
$3,600,000
177 Ninth Avenue #5B
2 beds
3 baths
1,610 sqft
Condo
$2,499,000
456 W 19TH Street #4/5D
1 bed
2 baths
1,466 sqft
Condo
$945,000
170 W 23RD Street #5E
1 bed
1 bath
585 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.