Manhattan Real Estate Market | Week of November 3, 2025
The Manhattan real estate market opened in November with clear momentum. Four straight weeks of strong luxury activity culminated in 41 contracts at $4M+ for the week, confirming steady buyer demand and durable market fundamentals. Last week’s surge to 41 contracts at $4 million and above per the Olshan Report not only eclipses previous autumn performance but also marks the first time since May that luxury sales have risen above the 40-contract threshold. The market’s resilience is especially evident given recent political shifts; 24 of those luxury contracts were signed after Zohran Mamdani’s election. Confirming that Manhattan’s enduring appeal and steady liquidity remain secure anchors for wealth and lifestyle.
Balanced Strength Across the Market
Across co-ops, condos, condops, and townhouses, the story is one of balanced strength. The Upper East Side led new co-op listings and contracts. Signifying renewed activity at the mid-tier, as its median contract price rose to $1.75M. Both Midtown and Downtown continued to attract value-driven buyers below $1M. Highlighting opportunities for those seeking classic properties at approachable numbers. Meanwhile, condos and condops drew particular attention in Midtown and Downtown, with Midtown leading with a $2.5M median in contracts, a clear sign of high demand for newer, high-amenity buildings. The Upper East and West Sides remained dynamic in the $2–3M range, illustrating depth across price segments that’s rarely matched elsewhere.
Townhouse Market: selective but meaningful trades
Townhouse buyers remain highly selective. Multiple transactions above $10M were closed this week, including Upper East Side trades totaling nearly $14.5M. These results show that scarcity and architectural quality continue to command premium pricing. Across the market, average condo resale prices per square foot ranged from roughly $1,200 in the entry tier to just over $6,000 in the ultra-prime segment, a reminder of the broad spectrum of Manhattan inventory and buyer profiles.
Momentum Rewards Decisiveness
November’s market rewards decisiveness. Buyers who act on turn-key listings, those offering light, layout, and location, are moving quickly. Sellers who present properties well and price in line with recent comparables are generating meaningful buyer interest. Professional staging, targeted marketing, and precise pricing remain the clearest differentiators.
Tactical guidance, short-term
-
Sellers: Use the current window to list if your property is market-ready. Leverage programs that improve presentation without upfront costs to maximize buyer interest. Professional staging and property preparation now play an outsized role in attracting buyers and maximizing value, particularly as year-end approaches and market activity typically cools.
-
Buyers: Prioritize properties that meet core needs (light, layout, building quality). Be prepared to make decisive offers on truly turnkey homes. November’s momentum rewards decisiveness, especially in neighborhoods that combine luxury and mid-tier appeal.
Meet the Market
Manhattan’s market is reaffirming its long-term role as a global real estate anchor. Liquidity is present, buyer confidence is returning, and the market rewards disciplined, strategic action. Whether you are preparing to buy or sell, the weeks ahead merit close attention and a market-first strategy.
