Manhattan's median sale price held steady at $1.1M in Q4 2025 while Brooklyn's price-per-square-foot jumped 17.6% year-over-year to $1,141. After closing over 1,000 transactions across NYC, I can tell you Q4 2025 was one of the most lopsided quarters I have seen: condos surging, co-ops softening, and inventory at a 30-year low. Here is what the data shows borough by borough.
Q4 2025 Market Highlights
Manhattan
- Median sale price: Remained stable with slight appreciation
- Inventory levels: Improved from historic lows
- Days on market: Competitive properties moving quickly
- Co-op vs. Condo: Co-ops (~75%) continue to dominate, condos (~10%) remain in demand
Brooklyn & Queens
- Strong buyer demand continues
- First-time buyers active in outer neighborhoods
- New developments attracting interest
The Bronx
- Affordability driving increased buyer interest
- Riverdale and Pelham Bay seeing appreciation
- Investment properties in demand
Rental Market Update
The FARE Act (effective June 2025) has reshaped the rental landscape:
- Increased transparency in fee structures
- More landlords listing directly
- Tenant representation growing
- Rental prices stabilizing in many neighborhoods
2026 Outlook
Key factors to watch:
- Interest Rates: Fed decisions will impact buyer purchasing power
- Inventory: Expected modest increases in available listings
- HDFC Market: Continued interest in affordable co-ops
- Hudson Valley: Hybrid work continuing to drive suburban interest
Active Listings Across NYC
Current inventory across all five boroughs
649 Vanderbilt Avenue #3B
Prospect Heights
401 Rutland Road #2C
Wingate
Listing information provided courtesy of the Real Estate Board of New York's Residential Listing Service (RLS). Information is deemed reliable but not guaranteed. Sale listings verified. ©2026 REBNY. RLS data displayed by Keller Williams NYC.
My Recommendations
For Buyers:
- Get pre-approved before searching
- Consider co-ops for better value
- Don't wait for "perfect" timing. Find the right property
For Sellers:
- Price competitively from day one
- Invest in presentation and staging
- Be prepared for board package scrutiny
For Renters:
- Know your FARE Act rights
- Document everything in writing
- Start your search 60-90 days before move date
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