NYC's Fastest-Selling Neighborhoods

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.

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.

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.

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