MANHATTAN MARKET UPDATE
JULY 2025
Range Jul2024vs Jul2025
Range Jul2024vs Jul2025
Range Jul2024vs Jul2025
Range Jul2024vs Jul2025
NewYorkCity
NEWDEVELOPMENT
Thenumberofcontractssignedremained stableat222comparedtolastyear,withdays onmarketdatanotprovidedforfurther analysis.
Unsoldinventorystandsat9,808unitsacross 839buildings,with1,585activelyonthemarket, indicatingarelativelysteadysupplyforbuyers withamanageableactiveinventorysize.
CLOSINGS
Range Jul2024vs Jul2025
1,585 8,223 UNITS 84%
Mediansalespriceslightlydeclinedto$1.3Mfrom$1.3Mlastyear, whilepricepersquarefootincreasedto$1,576,suggestingbuyers arepayingmoreforspacedespiteflatmedianpricing.
NewYorkCity
Anil Jintoorkar
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
LUXURYMARKETREPORT
$4M+PROPERTIES Date Range Jul2024vs Jul2025
InJuly2025,theluxurymarketsawa slightdipinthenumberofcontracts signedwith106comparedto110inJuly 2024,andhomessatlongerwitha medianof120daysonmarketversus111 daysprior.
CLOSINGS
Medianpricesroseslightlyto$6.2MinJuly2025comparedto$6Min July2024,althoughthepricepersquarefootslightlydroppedfrom $2,219to$2,211.
6695615 anil.jintoorkar@elliman.com NewYorkCity
$4M - $10M
CLOSINGS
Range Jul2024vs Jul2025
Contractsinthe$4M-$10Msegment increasedto92inJuly2025from91the prioryear,withhomestakinglongerto sellat114.5daysonmarketcomparedto 106daysin2024.
Medianpricesinthissegmentmarginallyincreasedto$5.5Mthis yearfrom$5,443,750lastyear,withthepricepersquarefootlittle changedat$2,162from$2,156.
CLOSINGS
The$10M+segmentsawadeclinein contractssigned,droppingto14from19 lastyear,yetthemediandayson marketimprovedsignificantlyto139 daysfrom259dayspreviously.
Recordedsalesrevealadecreasedmedianprice,droppingsharply to$12.5Mfrom$18.5Mlastyear,whilethepricepersquarefootsaw onlyaslightdecreaseto$3,497from$3,517.
CONDO MARKETREPORT
Date Range Jul2024vs Jul2025
Condocontractssignedremainsteady with574versus575prioryear,but mediandaysonmarketroseslightly from83to90,indicatingmodestly slowerbuyeractivity.
Mediancondosalepricedippedslightlyto$1.17Mfrom$1.2Mlast year,whilepricepersquarefootincreasedmodestlyto$1,328, suggestingstablevaluewithsmallshiftsinmarketcomposition.
6695615|M:516 6695615 anil.jintoorkar@elliman.com NewYorkCity
Date Range Jul2024vs Jul2025
Studiocontractsincreasedto58from 49year-over-yearwithDOMrisingfrom 78to84,showingstrongerdemandbut slightlengtheningintimetosell.
Medianpriceforstudiosrosenotablyto$725Kfrom$600K, supportedbyabumpinpricepersquarefootto$1,381,reflecting growinginvestorinterestinsmallerunits.
Aug, 2024 Sep,
NewYorkCity
ONE BEDROOMS
CONDOMARKET-1BEDROOMS
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Jul2024vs Jul2025
One-bedroomcontractactivity declinedslightlyto188from192while daysonmarketincreasedsignificantly from73to101,signalingsomesoftening inbuyerurgency.
Medianpriceeasedto$885Kfrom$924Kwithpricepersquarefoot nearlyflataround$1,271,indicatingamildcoolingbutoverallstable valuesforthispopularsegment.
6695615|M:516 6695615 anil.jintoorkar@elliman.com NewYorkCity
TWO BEDROOMS
CONDOMARKET-2BEDROOMS
Range Jul2024vs Jul2025
Two-bedroomcontractssigned decreasedmarginallyto206from208, withmediandaysonmarket lengtheningfrom75to89,suggestinga modestslowdownindemand.
Mediansalepriceroseto$1.48Mfrom$1.44M,whilepricepersquare footheldsteadynear$1,295,pointingtosteadyappreciationand continuedbuyerinterestinlargerunits.
THREE BEDROOMS
Jul2024vs Jul2025
Three-bedroomcontractcountsticked upslightlyto98from96,anddayson marketimprovednotablyfrom112to81, reflectingfastersalesandrenewed demand.
Medianpriceincreasedto$2.7Mfrom$2.53Mbutpricepersquare footdippedslightlyto$1,545,indicatinghigh-endbuyersremain activethoughvalueperspacesoftenedsomewhat.
FOUR+ BEDROOMS
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Range Jul2024vs Jul2025
Four-bedroomcontractactivityfellto 24from30andmediandaysonmarket rosesharplyfrom94to145,suggesting softerdemandandlongersalescycles intheluxurysegment.
Medianpricedeclinedto$5.7Mfrom$6.85Mwithpricepersquare footdecreasingto$2,035from$2,156,signalinganotablecoolingin thetop-tiermarket.
CO-OPMARKETREPORT
Date Range Jul2024vs Jul2025
DAYS ON MARKET
Co-opcontractssignedslightly increasedby1.7%from586to596 comparedtolastyear,withmedian daysonmarketrisingfrom82to91days, indicatingamodestslowdowninsales pace.
Mediansalepricesroseto$607Kfrom$539K,asolid13%increase, whilepricepersquarefootalsogrewfrom$605to$651,reflecting strongerpricingpowerinthemarket.
Jintoorkar
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com NewYorkCity
CO-OPMARKET-STUDIOS Date Range Jul2024vs Jul2025
Studioco-opcontractssawa21% increaseinsignedcontractsfrom91to 110,withdaysonmarketremaining stablearound80days,showinggrowing interestwithoutfasterturnover.
Medianstudiopricesdippedslightlyto$355Kfrom$360K,butprice persquarefootjumpedsharplyfrom$655to$808,suggesting smallerunitsarecommandingapremium.
NewYorkCity
ONE BEDROOMS
CO-OPMARKET-1BEDROOMS
Range Jul2024vs Jul2025
One-bedroomcontractsdeclined5% from247to235,whilemediandayson marketincreasedfrom81to96days, indicatingsofterdemandandlonger sellingtimesinthissegment.
Medianpricesimprovedto$521Kfrom$479K,a9%rise,although pricepersquarefootdecreasedfrom$551to$491,hintingat potentialshiftsinunitsizeorquality.
NewYorkCity
TWO BEDROOMS
CO-OPMARKET-2BEDROOMS
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
Range Jul2024vs Jul2025
Two-bedroomunitssawa12%risein contractssigned,from148to165,with medianmarkettimeslightlyincreasing from82to85days,showingsteady buyerinterestwithaminorslowdown.
Medianpricesedgedupto$892Kfrom$882K,butmorenotablyprice persquarefootsurgedfrom$525to$704,signalinggreatervalue captureperarea.
THREE BEDROOMS
CO-OPMARKET-3BEDROOMS
Range Jul2024vs Jul2025
Three-bedroomcontractsdipped marginallyfrom67to65,whilemedian daysonmarketroseto91from82, pointingtoaslightsofteninginbuyer enthusiasmforlargerunits.
Medianpriceperunitjumpeddramaticallyto$2.1Mfrom$1.35M,with pricepersquarefootalsoincreasingfrom$812to$1,023,highlighting strongpremiumdemandinthiscategory.
FOUR+ BEDROOMS
Range Jul2024vs Jul2025
DAYS ON MARKET
Four-bedroomcontractsdropped significantlyfrom33to21,andmedian daysonmarketincreasednotablyfrom 96to133,indicatingcoolingdemand andlongersellingperiodsforthelargest co-ops.
Medianpricesremainednearlyunchangedaround$3.5M,butprice persquarefootincreasedfrom$1,140to$1,317,showingbuyersare payingmorepersquarefootdespitelowertransactionvolume.
O:516 6695615|M:516 6695615 anil.jintoorkar@elliman.com
TOWNHOUSE MARKETREPORT
Date Range Jul2024vs Jul2025
DAYS ON MARKET
Contractssigneddecreasedslightlyto 103from110year-over-year,while mediandaysonmarketincreased notablyto82from65,indicatinga slowerpaceinbuyeractivity.Priceper squarefootroseto$764from$644, reflectingstrongerpricingpressure despitefewertransactions.
Mediansalespriceincreasedmoderatelyto$975Kfrom$925K comparedtolastyear,withpricepersquarefootalsoedgingupto $538from$528,signalingcontinuedappreciationintownhouse values.
MANHATTAN REAL ESTATE MONTHLY OVERVIEW
The July 2025 real estate market in Manhattan displayed varied trends across different property segments, with some areas showing growth while others experienced declines.
Marketwide
The overall market saw a decrease in contracts signed, new listings, and average price compared to the prior month, with significant declines of 5.57% in contracts and 12.16% in new listings The average price also dropped by 23.19% Despite these decreases, recorded sales increased by 36.96%, indicating a higher closing rate from existing deals.
New Development
The new development market exhibited a mixed performance. Contracts signed rose by 24.24%, suggesting an increased interest, while the average price fell significantly by 19.17% Nevertheless, recorded sales soared by 47.83%, supporting a recovery in dollar volume despite the price gap
Luxury ($4M+)
Luxury properties witnessed a downturn in contracts signed and new listings, falling 33.33% and 22.93%, respectively However, recorded sales increased by 21.83%, bolstering the dollar volume by 32.72%. The market's average price increased by 8.94%, reflecting ongoing demand in this sector.
Resale Condo
The resale condo market saw a decline in listings and average prices, with a 10.93% reduction in new listings and an average price drop of 26.66% Yet, recorded sales climbed by 24.57%, hinting at a positive shift in buyer interest.
Resale Co-op
In the resale co-op sector, key indicators improved, with recorded sales up by 46.10% and a significant increase in dollar volume by 76.29% The average price rose by 20.66%, pointing to a robust market recovery
Overall, Manhattan's real estate market exhibits dynamic shifts with opportunities in certain sectors amid broader contractions
Listings
($4M+)
Monthly New Supply
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Monthly Closed Sales
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Monthly New Supply
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Showing Supply for any bedroom con guration in All Manhattan for all prices
ANIL JINTOORKAR (DOUGLAS ELLIMAN REAL ESTATE)
Douglas Elliman Real Estate
Pending Sales
Showing Pending Sales for any bedroom con guration in All Manhattan for all prices
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Monthly Closed Sales
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