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Manhattan: Pricing Holds Steady as Days on Market Rise and Inventory Tightens

In July 2025, Manhattan’s real estate market continued to show stable pricing, with the average condo sales price at $2.6M and the median at $1.7M—both largely consistent with prior months, suggesting sustained demand in the mid-to-luxury segments. Co-ops saw similar steadiness, with the average price at $1.5M and the median at $925K.

Inventory declined 3.0% from June 2025, indicating a tightening market as new listings slow heading into late summer. At the same time, average days on market increased 2.1% year-over-year, reflecting buyer caution and longer decision timelines. The average discount across closed deals reached 7%, pointing to growing buyer leverage in negotiations.

Downtown led the city in contracts signed (23%), followed by Midtown East (19%) and the Upper East Side (18%). On the supply side, Downtown also held the largest share of inventory (24%), with Midtown East (20%) and the Upper East Side (19%) close behind—highlighting a continued disconnect between buyer activity and where inventory is most available.

Brooklyn: Condo Prices Hold as Buyer Activity Rises and Days on Market Drop

In July 2025, Brooklyn’s condo market remained steady, with an average sale price of $1.4M and a median of $1.1M—signaling consistent demand across core neighborhoods and mid-market properties. Co-op pricing continued to trail, with the average at $894K and the median at $665K, reinforcing value-conscious trends among Brooklyn buyers.

Inventory declined slightly by 1.1% from June 2025, suggesting limited new supply is entering the market. More notably, average days on market fell 9.0% year-over-year, indicating an accelerated pace of dealmaking and stronger buyer confidence compared to a year ago. The average discount on closed sales came in at 4%, reflecting moderate negotiability—less than in Manhattan, but still meaningful.

South Brooklyn led in both contracts signed (39%) and share of inventory (45%), offering the widest selection and clearest buyer momentum. Northwest Brooklyn followed with 27% of contracts, while East Brooklyn and North Brooklyn had more modest activity and supply levels, rounding out a market still anchored by affordability and relative value.

Queens: Buyers Move Fast as Prices Hold and Inventory Shrinks

In July 2025, Queens’ condo market continued to offer steady value, with an average sales price of $741K and a median of $638K. Co-ops remained the more affordable option, averaging $375K and posting a median of $340K—highlighting the borough’s role as a value-driven alternative to Manhattan and Brooklyn.

Inventory fell by 1.7% from June, tightening supply and potentially driving more urgency among active buyers. That urgency is clearly visible in the pace of the market: average days on market dropped a striking 27.1% year-over-year, showing that homes are moving significantly faster than they were just a year ago.

Despite the acceleration in contract activity, the average discount stayed at 4%, indicating that while buyers are acting quickly, they still expect a measure of price flexibility. Contract activity was most concentrated in Central Queens (28%) and both Northwestern and Northeastern Queens (25% each), while Central Queens also held the largest share of inventory (37%), giving it a unique mix of high demand and high supply.

Strategic Insights for Buyers and Sellers

July 2025 market activity across Manhattan, Brooklyn, and Queens reveals a diverse but opportunity-filled landscape for buyers and sellers navigating NYC real estate. Manhattan remained stable at the high end, with a $2.6M average condo price and a 7% average discount—indicating room for negotiation, especially as days on market rose 2.1% year-over-year. Brooklyn held its mid-market strength with a $1.1M median condo price and a 4% discount, while deal pace accelerated with a 9% drop in days on market. Queens offered the most affordability and urgency, with a $638K median condo price and a dramatic 27.1% year-over-year decline in average days on market.

Inventory decreased across all three boroughs—down 3.0% in Manhattan, 1.1% in Brooklyn, and 1.7% in Queens—creating added urgency for buyers, particularly in neighborhoods with tighter supply. Sellers in high-demand pockets continue to benefit from faster timelines, while strategic buyers can still find leverage in areas with deeper inventory or price flexibility. Success in this environment will come down to preparation, speed, and neighborhood-specific knowledge.

Whether you're exploring your next move or timing a strategic sale, our team at Compass is here to help you interpret the market, neighborhood by neighborhood—with precision, experience, and insight tailored to your real estate goals.

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Explore the latest NYC real estate trends across Manhattan, Brooklyn, and Queens in July 2025. Get insights into pricing, inventory, days on market, and discounts—designed to help buyers, sellers, and investors make smarter real estate decisions. Powered by Compass.