Average Price Per Square Foot on Manhattan Condos by Market Area

The chart tracks all arm’s-length resale and sponsor condo sales in Manhattan since 2003, not adjusted for inflation. In 2025, the average condo closing price was $1,769 per square foot, up slightly from $1,749 in 2024. So far in 2026, the average has edged up to $1,775 per square foot, about 2% below the 2019 record of $1,814 and just under the roughly $1,800 plateau the market reached in 2016, 2022 and 2023.

Four of six submarkets posted year-over-year gains. The West Side led, up 3.2% to $1,847 per square foot, helped by closings at The Henry and 50 West 66th Street. The gain is not just a trophy-tower effect: excluding sales at 50 West 66th Street, 15 Central Park West and 1 Central Park West, the West Side average is about 6% higher than a year ago. The Upper East Side (+2.0%), Downtown (+0.8%) and the Financial District (+0.8%) were also higher, while Midtown (-2.9%) and Upper Manhattan (-4.2%) remain below last year’s averages.

Over the past decade, Manhattan condo price growth has been subdued, with the borough-wide average essentially unchanged against its 2016 level, as new supply, geo-political turbulence, rising carrying costs, and increased interest in Brooklyn and Queens have tempered price appreciation.