Manhattan Real Estate Market – August 2025
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Average Sale Price: $2.26M (up 15.9% year-over-year)
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Median Sale Price: $1.25M (up 13.6% year-over-year)
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Average Price Per Square Foot: $1,576 (+10% YoY)
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Days on Market: 182 (slightly faster than last year)
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Inventory: 6,200 listings (virtually unchanged YoY)
Key Insight: Manhattan remains the center of luxury growth. Condos are driving higher prices, while townhouses saw the most dramatic jump — with a nearly 30% increase in average sale price compared to last year.
Brooklyn Real Estate Market – August 2025
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Average Sale Price: $1.52M (up 11.7% year-over-year)
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Median Sale Price: $1.25M (up 14.2% year-over-year)
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Average Price Per Square Foot: $1,065 (+14% YoY)
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Days on Market: 123 (slower than last year at 108 days)
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Inventory: 3,263 listings (+3.4% YoY)
Key Insight: Brooklyn homes continue to attract demand, especially single-family houses, though properties are sitting on the market longer than in 2024.
What This Means for Buyers and Sellers
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Buyers: Expect strong competition, especially in Brooklyn’s townhouse and condo segments.
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Sellers: Manhattan remains favorable for luxury listings, while Brooklyn sellers may need patience as homes take longer to close.
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Investors: Both boroughs are showing sustainable year-over-year price growth, signaling long-term strength in the NYC market.
The NYC real estate market remains active and competitive. Manhattan is leading luxury price growth, while Brooklyn continues to offer value with consistent appreciation. Whether you’re buying, selling, or investing, understanding these shifts is key to making the right move in today’s market.
