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Manhattan: Prices Stay Flat, Buyer Negotiability Rises Amid Slower Pace
In June 2025, Manhattan’s housing market held steady in terms of pricing, with the average condo sale price at $2.9M and the median at $1.6M—reflecting stable buyer demand, especially in the mid-to-high-end segments. Co-op sales followed suit, with an average price of $1.3M and a median of $875K, showing minimal fluctuation from prior months.
Inventory dipped slightly by 0.6% from May, signaling a tightening in new supply heading into summer. At the same time, average days on market rose 2.8% year-over-year, hinting at more cautious buyer behavior. A 6% average discount across closed deals suggests that buyers are pushing harder on negotiations, and sellers are becoming more flexible to secure contracts.
Contracts were concentrated Downtown (28%) and the Upper East Side (25%), while inventory remained most plentiful Downtown (25%) and in Midtown East (20%)—underscoring the ongoing push-pull between high-demand neighborhoods and broader availability.
Image features a stylish downtown apartment interior with a view of the Manhattan skyline through large windows. The Compass-branded overlay shows: Average condo price: $2.9M Median condo price: $1.6M Average co-op price: $1.3M Median co-op price: $875K Inventory down 0.6% from May Average discount: 6% Location noted: “33 Park Row PH1.”
Brooklyn: Condo Prices Steady as Co-ops Lag and Buyers Move Faster
In June 2025, Brooklyn’s condo market remained stable, with the average price holding at $1.3M and the median at $1.1M—indicating ongoing buyer demand in well-located, mid-market product. Co-op pricing showed signs of pressure, with an average of $867K and a median of $625K, reflecting a continued emphasis on value among price-sensitive buyers.
Inventory ticked up by 0.5% from May, a modest increase suggesting more sellers are entering the market without overwhelming demand. Notably, average days on market dropped 8.2% year-over-year, signaling a quicker pace of deals and heightened urgency in select segments. Despite this momentum, the average discount remained at 3%, showing buyers still expect some room to negotiate—though less than their Manhattan counterparts.
Contract activity remained strongest in Northwest and South Brooklyn, while inventory continues to be concentrated in South Brooklyn, giving buyers the broadest selection in that submarket.
Image shows a modern real estate market report graphic over a cozy living room scene featuring a green-tiled fireplace and a roaring fire. The report reads: Average condo price: $1.3M Median condo price: $1.1M Average co-op price: $867K Median co-op price: $625K Inventory up 0.5% from May Average discount: 3% Bottom corner location: “1221 Albemarle Road.”
Queens: Days on Market Plummet as Condo Prices Stabilize and Inventory Tightens
In June 2025, Queens’ residential market showed signs of resilience, with condo prices holding relatively firm—averaging $621K and a median of $625K. Co-ops, which continue to offer affordability-driven opportunities, averaged $361K with a median of $339K.
Inventory dropped 2.6% from May, a notable tightening that could create more urgency among active buyers. That urgency is reflected in a dramatic 31.2% year-over-year drop in average days on market, highlighting faster deal flow and decisive buyer behavior.
While pricing hasn’t surged, sellers are benefiting from shorter listing timelines. However, negotiability remains a factor, with a 3% average discount, indicating that while buyers are acting quickly, they’re still expecting value. Activity remained strongest in Northwestern and Central Queens, with those areas making up 70% of all signed contracts.
Image shows a sleek market report graphic by Compass overlaid on a bright apartment interior with floor-to-ceiling windows and a sweeping view of the Queens skyline. The report shows: Average condo price: $621K Median condo price: $625K Average co-op price: $361K Median co-op price: $339K Inventory decreased 2.6% from May Average discount: 3% Small text at bottom corner notes: “29-18 41st Ave. Unit 24C.”
Strategic Insights for Buyers and Sellers
June 2025 market activity across Manhattan, Brooklyn, and Queens underscores a shifting but opportunity-rich landscape for both buyers and sellers. Manhattan held its luxury edge with an average condo price of $2.9M and a 6% average discount—still favoring strategic buyers looking to negotiate in top-tier inventory. Brooklyn remained a reliable mid-market hub with a $1.1M median condo price and a moderate 3% discount, while also seeing faster deal flow year-over-year. Queens continued to offer the most affordability, posting a $625K median condo price and an impressive 31% drop in average days on market, signaling strong buyer urgency and value-driven activity.
While Manhattan’s inventory edged down slightly, Brooklyn saw a mild increase, and Queens faced tighter supply—creating different dynamics borough to borough. Buyers with clear goals and pre-approval in hand are best positioned to leverage the current environment, especially as negotiability and speed vary by neighborhood and product type.
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 May 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.
