Search homes for sale in Tribeca, NYC, known for its upscale residential buildings, trendy restaurants, art galleries, and fashionable boutiques.
Last month, the median sale price of a home in Tribeca was $3.2 million, reflecting a 14.3% decrease compared to the previous year. Meanwhile, the median sale price per square foot rose by 0.8% year-over-year, reaching $2,350.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In November 2024, the median home price in Tribeca declined by 14.3% compared to the previous year, settling at $3.2 million. This decrease may indicate a shift in buyer demand or market conditions, potentially creating opportunities for those looking to invest in this prestigious neighborhood. On average, homes sold after 101 days on the market, a notable improvement from 124 days last year, suggesting that well-priced properties are still attracting interest and closing more quickly. However, the number of homes sold dropped to 48 from 65 last year, reflecting a decrease in overall market activity. This combination of declining prices and reduced transactions could point to a more balanced or buyer-friendly market, making it an opportune time for prospective buyers to explore their options in Tribeca.
In November 2024, homes in Tribeca sold for an average of 3.44% below their asking price, highlighting some room for negotiation in the market. On average, properties spent 100 days on the market, reflecting steady demand. However, the trend for median days on market has increased slightly compared to both the previous month and last year, indicating a more measured pace of sales. This shift suggests that while buyers have more time to evaluate their options, sellers may need to focus on competitive pricing and presentation to attract serious offers.
In November 2024, Tribeca emerged as a buyer's market, where the supply of homes exceeded buyer demand. This market condition gives buyers an advantage, allowing more opportunities to negotiate favorable terms and explore a broader selection of properties. For sellers, this shift underscores the importance of strategic pricing and standout property presentation to capture buyer interest in a competitive environment. For those considering purchasing in Tribeca, now may be the ideal time to secure a property in this prestigious neighborhood under more advantageous conditions.
Whether you're searching for a luxury condo, a historic loft, or a contemporary townhouse, Tribeca offers a unique blend of sophistication and charm. With Carol’s extensive knowledge of the neighborhood and years of experience in NYC real estate, she’s ready to help you find the perfect property and negotiate the best deal. Don’t miss the opportunity to make Tribeca your home—reach out to Carol today to schedule a showing or get answers to any questions you may have!
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Neighborhood Guide
Explore the charm and sophistication of Tribeca! Dive into our comprehensive neighborhood guide to discover what makes this iconic area one of New York City's most sought-after destinations.
From luxury living to cultural highlights, let our guide help you find your perfect place in Tribeca.
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