October Market Report: Manhattan & Brooklyn
Market activity across Manhattan and Brooklyn in October continued to reflect a resilient and competitive NYC real estate landscape. Buyers remained active, pricing held firm across key property types, and contract activity accelerated despite elevated inventory and seasonal cooling.
This month highlighted a stable, opportunity-rich market — with motivated buyers moving quickly for quality homes, and sellers who price strategically seeing strong engagement.
Manhattan Market Snapshot
Manhattan saw a notable surge in buyer activity, with contracts up significantly month-over-month. Price growth remained strong across the board, particularly in the high-end condo segment.
Key Highlights
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Median Sale Price: Up 16.5% MoM and 9.6% YoY
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Average Price per Sq Ft: Up 1.1% MoM and 3.6% YoY
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Contracts Signed: Up 32% MoM
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Average Days on Market: Down to 104 days
Luxury demand held steady, with condos leading the charge:
| Property Type | Avg Sale Price | MoM Change |
|---|---|---|
| Condos | $2.99M | +16.0% |
| Co-ops | $1.48M | -9.0% |
| Townhomes | $9.53M | -18.1% (YoY stabilization from unusually high comps) |
The luxury condo market continues to outperform, driven by cash buyers, global interest, and limited ultra-prime supply — while co-ops remain value-driven entry points for primary home buyers.
Data Source: Compass Manhattan Market Report, October 2025
Brooklyn Market Snapshot
Brooklyn continued to show depth and strength, particularly in the single-family home and condo sectors, where demand remains robust in prime neighborhoods like Brooklyn Heights, Park Slope, Cobble Hill, and Williamsburg.
Key Highlights
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Median Sale Price: Up 2.2% YoY
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Contracts Signed: Up 13.9% MoM
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Average Days on Market: 90 days (flat YoY)
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Avg Price per Sq Ft: Up 3.8% YoY
Single-family homes were a standout:
| Property Type | Avg Sale Price | YoY Change |
|---|---|---|
| Condos | $1.37M | -1.1% (seasonal softening) |
| Co-ops | $723K | -2.4% |
| Houses | $1.67M | +1.1% |
Notably, contracts on houses rose 9.6% MoM and 13.7% YoY, signaling continued appetite for space, private outdoor areas, and lifestyle-driven living.
Data Source: Compass Brooklyn Market Report, October 2025
Brooklyn 2025 October Report
What This Means for Buyers & Sellers
For Buyers
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Inventory remains strong — giving you optionality across budget ranges.
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Pricing has proven resilient — waiting for deeper discounts may not pay off.
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Competitive properties still draw multiple buyers. Be prepared & pre-approved.
Tip: Prioritize turnkey homes in best-in-class locations — they continue to outperform.
For Sellers
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Activity is increasing ahead of the winter slowdown — now is a strategic window.
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Buyers are price-sensitive; correct positioning is critical.
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Homes with standout finishes, outdoor space, and strong layouts command premiums.
Tip: Listings that are well-presented and priced competitively are achieving stronger results and lower discount rates.
Final Takeaway
New York real estate remains fundamentally strong and competitively active, with both Manhattan and Brooklyn seeing meaningful contract activity and sustainable pricing. Well-located, well-designed properties continue to lead demand — and smart pricing remains key.
Whether buying or selling, the current market rewards data-driven strategy and expert guidance.