New York – Manhattan – Real Estate Bi-Weekly Market Update (Sept 1–12, 2025)
Overall Synopsis
In September’s first round, Manhattan’s luxury market remains tactically balanced. Co-ops and condos in the Upper West Side and West Village are sparking notable contract activity, particularly in the $1.5M–$3.5M range. Larger duplexes and high-floor co-ops with character continue to draw curated interest, but it’s the well-priced, lifestyle-rich homes that are commanding the fastest responses. Confidence is clearly present—but selective. Median prices are holding firm, while days on market have dipped slightly, reflecting strong absorption for properties that show well and feel right. In this round, it’s not about price wars—it’s about precision strikes.
Market Snapshot
- Contracts Signed: 25 (7 Co-ops | 18 Condos)
- Total Volume: ~$52.3M
- Average Asking: $2.09M | Median: $1.94M
- Average PPSF: ~$2,285
- Days on Market: ~21 days
Condos continue to lead the charge, with activity centered around high-utility units under $3.5M. Co-ops held a smaller but confident share, led by updated properties in well-run buildings. Activity is concentrated in the Upper West Side (~60%) and West Village (~40%), two neighborhoods where quality of life and architectural charm remain unmatched.
What’s Driving It
Buyers aren’t rushing—but they are ready. Inventory levels remain moderate, and well-prepared listings are seeing real movement. Duplexes and high-end co-ops are commanding attention, but the pace there is more deliberate. Meanwhile, the $2M condo with tasteful updates and a smart layout is often gone within three weeks. What’s driving it? Familiarity, lifestyle, and predictability.
At KēHaus, we don’t just ride the wave—we read it. We coach our sellers on pricing discipline, emotional presentation, and strategic timing. For our buyers, we target neighborhoods where value meets character, and negotiate aggressively when it counts. Whether you’re selling a duplex or buying your first West Village one-bedroom, it’s about confidence in your representation—and clarity in your next move.
Key Market Stats
| Metric | Co-ops | Condos | Trend |
|---|---|---|---|
| Contracts Signed | 7 | 18 | 🟢 Active across the board |
| Active Listings | 25 | 40 | 🔴 Slightly lower co-op supply; condos steady |
| Median Price | $1.585M | $2.138M | 🟢 Prices holding; premium buyers in play |
| Average Price | $1.615M | $2.180M | 🔼 Modest increase from high-value contracts |
| Avg PPSF | $3,035 | $1,850 | Stable |
| Avg Days on Market | 19 | 22 | 🔽 Slight DOM compression for priced-right listings |
Property Type Breakdown
| Property Type | # Contracts | Avg Price | Median Price | Avg PPSF | Avg SqFt |
|---|---|---|---|---|---|
| Condo | 18 | $2.18M | $2.138M | ~$1,850 | ~1,400 |
| Co-op | 7 | $1.615M | $1.585M | ~$3,035 | ~1,150 |
Geographic Distribution
| Neighborhood | Share of Deals |
|---|---|
| Upper West Side | ~60% |
| West Village | ~40% |
Notable Contracts
- 160 West End Ave, 14E (Upper West Side)
Contract Signed: $1.585M | 2 Bed / 2 Bath | $3,035 Maint
✅ Renovated co-op with timeless charm and modern touches in a full-service building. - 350 W 71st St, 1A (Upper West Side)
Asking: $2.9M | 3 Bed / 3 Bath | 1,800 SF | $1,611 PPSF
✅ Elegant duplex with high ceilings, luxe finishes, and proximity to Riverside Park. - 421 Hudson St, 318 (West Village)
Asking: $3.195M | 3 Bed / 3 Bath | 1,679 SF | $1,903 PPSF
✅ Spacious West Village condo with open layout and full-service amenities. - 87 Barrow St, 2H (West Village)
Asking: $3.999M | 4 Bed / 3 Bath | – SF | $3,769 PPSF
✅ Rare prewar co-op in prime West Village with generous layout and privacy.
