SoHo · Manhattan, NY

Is Now a Good Time to Sell in SoHo, Manhattan?

The median home in SoHo sells for $3,100,000 with prices up 15% year-over-year. Ridley's flat fee saves you $89,501.

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SoHo Real Estate Market Conditions

51out of 100

Ridley Sell Score

How it's scored →

Moderate

51/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The SoHo market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. New York average is 2.7.

Price MomentumFavors sellers

Prices up 14.814814809999998% year-over-year — vs. +15% statewide.

Seller LeverageFavors sellers

Homes selling at 99.38% of asking — buyers are negotiating 0.6% below list. New York average is 99.7%.

Bidding ActivityFavors buyers

2.44% of homes selling above list price — 93% below the New York average of 37.2%.

Sale SpeedFavors buyers

98 median days on market — 51 days slower than the New York average.

Market UrgencyFavors buyers

11.11% of listings go pending within 2 weeks — vs. 21% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. New York average is 15.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$3,100,000

+15%

Days on Market

98

Price per Sq Ft

$1939

Sale-to-List Ratio

99.38%

Homes Sold

41

Sold Above List

2.44%

Pending in 2 Weeks

11.11%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Manhattan — delivered monthly.

Your savings

How much can you save selling in SoHo?

$0Estimated savings

That could cover a year of college tuition — save 2.9% of your home value

$3,100,000

$50,000$10M

Traditional Agent (3%)

$93,000

Ridley Pro (flat fee)

$3,499

Ready to sell in SoHo?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in SoHo

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$93,000$3,499$999
Buyer agent$86,8002.8% avg$62,000~2% avg$62,000~2% avg
Closing costs (~1.5%)$46,500$46,500$46,500
Total cost$226,300$111,999$109,499
You save$89,501$92,001

Based on the SoHo median home price of $3,100,000. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in SoHo

A flat fee of $3,499 instead of the typical $93,000 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using SoHo market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere SoHo buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $89,501 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in SoHo

Ready to sell in SoHo?

Save $89,501

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