When sizing up a listing, the eye tends to go straight to price, location and square footage. Days on market, however, is an equally important stat when it comes to negotiating and making an offer on a place. It also can serve as a barometer for a neighborhood, indicating if it’s a hot market where properties are selling fast.

Brooklyn Heights Fastest Selling Neighborhood

Brooklyn Heights is NYC’s fastest-selling neighborhood, with a median of 26 days on the market. (Source: Terry Jin via Flickr Creative Commons)

Across the board, days on market (DOM) varies by neighborhood and there is no clear trend that characterizes the fastest-selling neighborhood in the city. Nonetheless, we looked into the data and ranked most of NYC’s neighborhoods to see which ones came out on top and which ones floundered.

The citywide days on market median is 42 days, but in some neighborhoods it’s as low as 26 days. For example, Carroll Gardens did great, but Tribeca did not.

Tribeca, one of Manhattan's most coveted neighborhoods, was one of the city's slowest selling neighborhoods

Tribeca, one of Manhattan’s most coveted neighborhoods, was one of the city’s slowest-selling neighborhoods. (Source: Garrett Cox via Flickr Creative Commons).

Carroll Gardens has a median of 28 days on market, doing far better than uber-trendy Williamsburg, which trailed behind with 36 days on the market.  Also surprising, Ditmas Park had a median of 30 days on market whereas Greenwich Village had a median of 40 days. Clinton Hill had a median of 30.5 days on market but West Chelsea had a median of 58 days on market.

Perhaps most suprising of all is Tribeca’s performance. Without a doubt one of NYC’s most-coveted neighborhoods, Tribeca  turns out to be a slow-selling neighborhood with a median of 69.5 days on the market. Neighborhoods like East New York, Bed-Stuy and Gravesend all performed better.

It goes without saying that larger units with more space and bedrooms will likely be more expensive. The more expensive a house, the more time it may take to find a suitable buyer. That could explain why Tribeca units, which are generally more expensive and considered “luxury,” will take more time than more moderately priced homes in, say, Bed-Stuy.

The East Village beat out many Manhattan neighborhoods for a top spot on the list of fastest selling neighborhoods

The East Village was in the top ten of  fastest-selling neighborhoods. (Source: Phillip Kalantzis Cope via Flickr Creative Commons).

Value is another big factor to consider. Take the East Village, Murray Hill, and Greenpoint, for example. These neighborhoods rank high on our list because buyers are often attracted to the more moderately priced housing they find there.

According to StreetEasy data scientist Alan Lightfeldt, “A lower time on market can give us a clue that the inventory there is attractive.”

Park Slope, Brooklyn Heights and Carroll Gardens – all neighborhoods with high stocks of brownstones – are among the fastest-selling neighborhoods. “From this, we can deduce that townhomes tend to be very attractive to buyers,” Lightfeldt says.

And as always, size matters. Buyers are typically attracted to larger properties – especially when there’s an added bonus of good value.  Ditmas Park and Fort Greene tend to have larger units but are listed at prices well below those of multimillion dollar listings that typify Tribeca’s large, open-floor plan lofts.

See below for the complete rankings.

Neighborhood Median Days on Market
 Brooklyn Heights  26.5
 Flatiron  27
 Gramercy Park  28
 Park Slope  28
 Carroll Gardens  28
 Greenpoint  28.5
 East Village  29
 Murray Hill  30
 Fort Greene  30
 Ditmas Park  30
 Clinton Hill  30.5
 Upper West Side  33
 DUMBO  31
 Lower East Side  32
 Prospect Heights  32
 Kensington  32.5
 All Upper West Side  33
 Lincoln Square  35
 Boerum Hill  35
 SoHo  35.5
 West Village  36
 Chelsea  36
 Hudson Heights  36
 Williamsburg  36
 Long Island City  36
 All Downtown  37
 Midtown East  37
 Crown Heights  37
 Manhattan  38
 Windsor Terrace  38
 Carnegie Hill  39
 Brooklyn  39
 Greenwich Village  40
 Washington Heights  40.5
 Downtown Brooklyn  40.5
 NYC  42
 Upper East Side  42
 All Upper Manhattan  42
 Financial District  43
 Beekman  43
 All Upper East Side  43
 Bushwick  43.5
 Cobble Hill  43.5
 All Midtown  44
 Yorkville  44
 Midtown South  45
 Battery Park City  45.5
 Kips Bay  46
 Turtle Bay  47
 Bensonhurst  47
 Bayside  47
 Central Harlem  50
 Bay Ridge  50
 Lenox Hill  53
 Midtown  54.5
 Midtown West  55
 Northeast Flatbush  56
 Forest Hills  57
 Gravesend  57.5
 West Chelsea  58
 Carnarsie  58
 East New York  59
 Queens  59
 Sheepshead Bay  60
 Jackson Heights  60.5
 Sutton Place  66
 Bedford-Stuyvesant  69
 Stuyvesant Heights  69
 Tribeca  69.5
 Staten Island  85
 Fort Hamilton  88
 Bronx  94
 Riverdale  94
 Spuyten Duyvil 103.5
 North Shore  172