Manhattan average co-op price at decade high
Average closing price of Manhattan apartment units by quarter

In Q2 2026 the average Manhattan condo/co-op closing price was $2.18 million, up about 1.5% year over year but down slightly from $2.20 million in Q1 2026. The average condo closing price in Q2 2026 was $2.90 million, essentially flat year over year and down from about $3.08 million in Q1 2026.

While the condo average remains elevated versus recent years, the co-op market has been the standout performer where the average closing price reached $1.51 million, up 7.3% year over year and 5.2% quarter over quarter, marking the highest level in at least a decade.

The co-op average is usually less volatile than condos and less influenced by a small number of ultra-luxury new development closings. The record-high co-op average shows broader strength in the Manhattan resale market, particularly among larger, well-located prewar apartments. The trend reflects continued demand for established housing stock at a time when new condo supply remains scarce and pricey.