Brooklyn & Manhattan Real Estate Market Update
January 2026
As we move into the first quarter of 2026, both Brooklyn and Manhattan are showing early-year signals that are worth paying attention to—particularly for buyers and sellers planning moves this spring. January is typically a quieter month, but this year’s data offers meaningful insight into pricing momentum, buyer behavior, and where leverage is starting to shift.
Brooklyn: Prices Hold Steady as Activity Slows
Brooklyn’s January market reflected a familiar seasonal pattern: slightly softer activity paired with resilient pricing.
The average Brooklyn sale price landed at $1,411,624, up 2.5% month-over-month and nearly 3% higher than January 2025, signaling continued long-term price stability
Brooklyn 2026 January Report.
. The median sale price held essentially flat at $1,095,000, down just 0.5% year-over-year, which suggests that despite fewer transactions, values are holding firm.
One notable positive was time on market, which improved to an average of 82 days, down from 93 days in December. Well-priced homes are still moving, even in a slower month.
However, overall activity pulled back:
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Contracts signed fell 20.8% month-over-month
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Closed sales declined 15.4%, consistent with normal winter slowdowns
By Property Type
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Condos continued to outperform, with median prices up nearly 5% month-over-month and price-per-square-foot rising 5%
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Co-ops saw mixed results: higher average prices but a lower median, reflecting a wider spread in unit quality and location
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Townhouses and houses experienced strong median price growth (+9.1% month-over-month), reinforcing ongoing demand for space and privacy
Takeaway: Brooklyn remains price-stable with selective competition. Buyers who are prepared can find opportunity, while sellers who price correctly are still seeing movement.
Manhattan: Strong Start to the Year with Price Momentum
Manhattan entered 2026 with notable strength, especially on the pricing side.
The average Manhattan sale price rose to $2,392,809, an 8% increase from December and more than 11% higher year-over-year
Manhattan 2026 January Report
. The median sale price jumped to $1,350,000, up 13% month-over-month, pointing to renewed confidence among buyers at multiple price points.
Price-per-square-foot climbed to $1,570, continuing a steady upward trend across unit sizes.
Despite rising prices, activity cooled slightly:
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Contracts signed declined 13.8% month-over-month
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Sales volume dipped 6.8%, again in line with typical January behavior
By Property Type
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Condos led the market, with median prices surging 20.8% month-over-month and average prices exceeding $3.2M
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Co-ops remained stable, with modest pricing shifts and shorter days on market
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Townhouses saw fewer transactions, but prices remained high, with an average sale price above $8.4M
Takeaway: Manhattan pricing strength is clear. Even with fewer transactions, demand—particularly for high-quality condos—is pushing values higher.