Soho

The median sale price in Soho is $3.8M. Condos sit at a median of $3.0M and co-ops at $3.7M. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.

No. The median sale price in Soho is currently 10.5% below the 5-year high recorded in April 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Soho have a median of 72 days on market. That is 9 days slower than the same point a year ago. Roughly 12.4% of active listings have recorded a price cut, suggesting some negotiating room.

Soho is broadly balanced right now, with median days on market at 72 days and 12.4% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Soho offers both co-ops and condos. Co-ops are the higher-priced segment at a $3.7M median, with condos at $3.0M.

Roughly 12 homes change hands each month in Soho 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 Soho is $8,495/month. Rents are up 14.0% year over year.

Median asking rent in Soho is currently $3,818 below the 5-year high set in December 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Soho has risen 112.6% 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 Soho, median sale prices range across Tribeca at $3.5M, Little Italy at $1.6M, All Downtown at $1.5M, Nolita at $35K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Soho is served by the 1, 6, A, C, E, J, N, Q, R, W, Z trains. The commute to Midtown Manhattan runs roughly 12 minutes from Canal 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 Soho, 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: [email protected].