Chelsea recorded 29 closed sales in the last 30 days at a median close price of $1.80M. Active inventory stands at 311 listings with a median asking price of $1.60M ($1,805/sqft). Condos dominate at 54% of inventory. 33.0% price reductions among active listings. 11 new listings hit the market this week, while 175 properties are under contract. At current absorption rates, Chelsea has approximately 10.7 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 Report May 2026: $1.60M Median
Milton Coste
Live from REBNY/RLS
June 15, 2026
Milton Coste
Licensed Associate Broker at Keller Williams NYC
NY License #10301213304 | (917) 416-7433
311
Active Listings
$1.60M
Median Asking
29
Sold (30 Days)
10.7
Months of Supply
Price Trends
Inventory Breakdown
| Metric | Value |
|---|---|
| Active Listings | 311 |
| Pending Sales | 175 |
| Median Asking Price | $1.60M |
| Median Price/Sqft | $1,805 |
| Avg Days on Market | N/A |
| New This Week | 11 |
| Price Reduced | 66 (33.0%) |
| Sold (Last 30 Days) | 29 |
| Sold (Last 90 Days) | 61 |
| Median Sale Price (90d) | $1.80M |
| Sale-to-List Ratio | 99.8% |
| Months of Supply | 10.7 (buyer's market) |
Property Mix
Condo 54% (107)
Co-op 41% (82)
Condop 2% (4)
Recent Transactions
Rental Market
21
Closed Rentals (30 Days)
$4,900/mo
Median Rent
| Type | Count | Median Rent | Range |
|---|---|---|---|
| Studio | 10 | $4,000/mo | $3,200 - $4,900 |
| 1 BR | 5 | $6,000/mo | $4,500 - $8,000 |
| 2 BR | 5 | $10,000/mo | $6,500 - $11,750 |
| 3+ BR | Limited data | Limited data | Limited data |
Recent Transactions
|
344 W 17th Street #B, Apt B | $4,100/mo | Studio | Jun 12, 2026 |
|
37 W 16th Street #3R, Apt 3R | $3,700/mo | Studio | Jun 11, 2026 |
|
279 W 22ND Street #3, Apt 3 | $4,900/mo | Studio | Jun 1, 2026 |
|
339 W 19th Street #1f, Apt 1f | $6,500/mo | 2 BR | Jun 9, 2026 |
|
307 W 29th Street #2a, Apt 2a | $3,300/mo | Studio | Jun 9, 2026 |
|
344 W 17th Street #1D, Apt 1D | $3,200/mo | Studio | Jun 10, 2026 |
|
133 W 22ND Street #5E, Apt 5E | $8,000/mo | 1 BR | May 20, 2026 |
|
340 W 17th Street #1C, Apt 1C | $7,500/mo | 2 BR | Jun 2, 2026 |
|
466 W 23rd Street #3r, Apt 3r | $4,500/mo | 1 BR | Jun 1, 2026 |
|
236 W 24th Street #PH, Apt PH | $17,500/mo | 3 BR | May 25, 2026 |
|
325 W 21st Street #15, Apt 15 | $3,550/mo | Studio | May 21, 2026 |
|
555 W 23RD Street #S4P, Apt S4P | $4,000/mo | Studio | May 27, 2026 |
|
250 W 15TH Street #3I, Apt 3I | $6,000/mo | 1 BR | May 29, 2026 |
|
431 W 22nd Street #BF, Apt BF | $4,000/mo | Studio | May 27, 2026 |
|
280 W 24TH Street #4I, Apt 4I | $11,650/mo | 2 BR | May 28, 2026 |
|
125 W 22ND Street #11A, Apt 11A | $11,750/mo | 2 BR | May 28, 2026 |
|
537 W 27th Street #5A, Apt 5A | $10,000/mo | 2 BR | May 27, 2026 |
|
537 W 27th Street #3i, Apt 3i | $5,200/mo | 1 BR | May 27, 2026 |
|
255 W 14th Street #3D, Apt 3D | $4,000/mo | Studio | May 23, 2026 |
|
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 |
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Active Listings in Chelsea
View All
$1,250,000
161 W 16th Street #8-K
1 bed
1 bath
Co-op
$750,000
307 W 20th Street #3-R
1 bed
1 bath
Co-op
$589,000
405 W 23rd Street #16I
Studio
1 bath
Co-op
$5,500,000
545 W 20TH Street #5B
3 beds
4 baths
3,647 sqft
Condo
$699,000
100 W 15TH Street #2A
1 bed
1 bath
Co-op
$5,995,000
410 W 24TH Street #19BCE
4 beds
4 baths
2,720 sqft
Co-op
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.