In Q2 2024, Manhattan apartment sales rose while prices fell; See median-priced listings

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Friday, Jul 12, 2024 By CityRealty Staff, CityRealty contributor

The listing inventory across Manhattan neighborhoods has risen to 6,660 active listings, , a moderate increase from the start of the second quarter of 2024 when 5,960 apartments were listed for sale. Throughout 2023, historically low inventory led to a one-third decrease in sales compared to 2022. Now, with the number of available apartments climbing well above 2023 figures, and buyers becoming more acclimated to higher mortgage rates, sales are projected to jump 10% year-over-year in the 2Q 2024.

Over two-thirds of Manhattan neighborhoods are projected to see annual gains in the number of sales. Many of the biggest year-over-year increases, such as in Battery Park City and Morningside Heights, can be attributed to sponsor sales in newly completed properties like Tribeca Green, Solaire, and Claremont Hall.

While sales were up over the quarter, the average closing price for a Manhattan apartment was down by 5% year-over-year. The average price per square foot for a closed condo dipped 3% year-over-year, falling from an average of $1,816/ft² to $1,764/ft². Median prices were up, however. The median sale price of a condo was up marginally, coming in at $1.725M. The median price of closed co-op unit was $841,000, up 3% year-over-year

Below, we delve into Manhattan's ten priciest neighborhoods to purchase a condo or co-op over the second quarter of 2024 and feature a median-priced availability within each.

Q2 2024 Condo Sales - Biggest Price / ft² Gainers

#10. Flatiron/Union Square

Q2 2024 Average Condo PPSF: $1,970 (+5%) | Q2 2024 Condo Sales: 41 (+2%)

Visit the Fotografiska museum at 261 Park Avenue South before it closes later this summer

88 & 90 Lex, #605
$4,200,000

Flatiron/Union Square | Condominium | 3 Bedrooms, 2.5 Baths | 2,137 ft²

88 & 90 Lex, #605 (Compass)

From the Listing: Welcome to residence #605 at 88 Lexington Avenue, a corner prewar condominium with 3 bedrooms and 2.5 bathrooms, featuring lofty 10’ ceilings and expansive windows framing bright south and east exposures. This residence offers an open floor plan, ideal for seamless living, dining, and entertaining. The bedroom suites are discreetly positioned in their own wing to ensure privacy. See floor plan and full details here.

#9. Tribeca

Q2 2024 Average Condo PPSF: $1,979 (-11%) | Q2 2024 Condo Sales: 65 (-12%)

Hudson River Park Pier 26

The Lispenard Collection, #3
$4,475,000

Tribeca | Condominium | 3 Bedrooms, 3 Baths | 2,249 ft²

The Lispenard Collection, #3 (Corcoran Group)

From the Listing: Loft 3 at 57 Lispenard is a full-floor 3-bedroom, 3-bathroom loft offering northern and southern exposures. Keyed elevator entry leads into the elegantly scaled residence, spanning 2,249 square feet. The residence features soaring ceilings over 10', wide-plank white oak flooring, and historic cast iron columns. The great room is flooded with northern light, and the open kitchen is built to impress with a large island perfect for entertaining. See floor plan and full details here.

#8. Midtown West

Q2 2024 Average Condo PPSF: $2,023 (+3%) | Q2 2024 Condo Sales: 155 (+18%)

Sheffield 57, #50F
$2,485,000

Midtown West | Condominium | 2 Bedrooms, 2 Baths | 1,228 ft²

Sheffield 57, #50F (Corcoran Group)

From the Listing: This stunning property offers a truly customizable living experience with an original two-bedroom layout now elegantly transformed into an extra-large one-bedroom residence. With designer sliding doors, the second bedroom can be seamlessly integrated into the spacious living room or closed off to create a private second bedroom, offering flexibility for your lifestyle needs. Step inside to discover breathtaking views of the Hudson River and the West Side skyline from every room, providing a picturesque backdrop to your daily life. See floor plan and full details here.

#7. SoHo

Q2 2024 Average Condo PPSF: $2,038 (-5%) | Q2 2024 Condo Sales: 42 (0%)

56 Crosby Street, #2A
$8,995,000 (-5.3%)

SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 4,440 ft²

56 Crosby Street, #2A (Compass)

From the Listing: This quintessential voluminous SoHo condominium loft with 24-hour doorman, located in an iconic pre-war 1882 landmark, has been spectacularly renovated and designed by David Howell to celebrate its awesome scale, with 16-foot ceilings, exposed brick walls, and dramatic west-facing 35-foot-plus width celebrated via enormous windows. A palatial entry gallery with dramatic Corinthian columns leads you to the grandly scaled Great Room with an oversized gas-burning fireplace and a wall of hidden, custom-built cherry wood cabinetry. See floor plan and full details here.

#6. Chelsea

Q2 2024 Average Condo PPSF: $2,039 (+1%) | Q2 2024 Condo Sales: 125 (+27%)

Lifesaver Lofts, #PH67B
$5,950,000

Chelsea | Condominium | 3 Bedrooms, 2.5 Baths | 2,910 ft²

Lifesaver Lofts, #PH67B (The Agency Brokerage)

From the Listing: Outdoor living and thriving at its finest with a massive terrace and double-height ceilings in the great room. Stepping into the apartment from your key-locked elevator you are immediately flooded with light. The Great Room welcomes you home with 18-foot ceilings, double height windows and 30' x 25' dimensions that offer the opportunity to create different moments for relaxing and entertaining. The corner wall of windows offers the feeling of indoor/ outdoor living as it brings you to your nearly 1,900-square-foot private planted terrace overlooking the Hudson. See floor plan and full details here.

#5. Central Park West

Q2 2024 Average Condo PPSF: $2,059 (+3%) | Q2 2024 Condo Sales: 63 (+57%)

Fifteen, #17
$5,495,000 (-5.2%)

Central Park West | Condominium | 3 Bedrooms, 3 Baths | 2,662 ft²

Fifteen, #17 (Serhant LLC)

From the Listing: Welcome to this lavish full-floor condo with private outdoor space, a sun-drenched 3-bedroom, 3-bathroom home where residents enjoy the elegance of the Upper West Side on the doorstep of Central Park. Oversized windows frame breathtaking park and city views. From a private elevator landing, residents enter a welcoming foyer that leads into an open-plan living room, dining room, and kitchen saturated with southern and eastern light. See floor plan and full details here.

#4. NoLiTa/Little Italy

Q2 2024 Average Condo PPSF: $2,146 (+12%) | Q2 2024 Condo Sales: 17 (+181%)

Visit Elizabeth Street Garden before it's gone

The Spring, #6D
$4,395,000

NoLiTa/Little Italy | Condominium | 2 Bedrooms, 2.5 Baths | 2,047 ft²

The Spring, #6D (Compass)

From the Listing: An open and inviting Nolita loft, renovated by the present owners and now available for sale, Residence #6D at 225 Lafayette is a sprawling 2,047-square-foot 2-bedroom, 2.5-bathroom home with exceptional storage space and a perfectly formed home office. Dark-stained hardwood floors extend throughout, paired with elegant and contemporary finishes. Its north-facing living and dining room offers a wall of oversized windows bringing in natural light and is open to the updated kitchen. See floor plan and full details here.

#3. Greenwich Village

Q2 2024 Average Condo PPSF: $2,396 (+15%) | Q2 2024 Condo Sales: 20 (+8%)

15 Charles Street, #6G
$1,175,000

Greenwich Village | Condominium | Studio, 1 Bath | 490 ft²

15 Charles Street, #6G (Compass)

From the Listing: Nestled on one of the most sought-after and magical tree-lined blocks in the Village, this apartment is modern, thoughtfully designed, and completely turn-key. Meticulously renovated in 2021, this stunning home features a layout that makes ingenious use of the space, making it feel more like a loft than a studio apartment. Custom built-in quartz-topped cabinetry and a custom full-height closet system provide sleek and stylish storage as well as defined dining, sleeping, and living areas. See floor plan and full details here.

#2. NoHo

Q2 2024 Average Condo PPSF: $2,759 (+6%) | Q2 2024 Condo Sales: 6 (-14%)

27 Great Jones Street, #5E
$4,995,000

NoHo | Condominium | 2 Bedrooms, 3 Baths | 2,210 ft²

27 Great Jones Street, #5E (Sothebys International Realty)

From the Listing: The beautiful loft has just undergone several upgrades making this residence truly turn key and in perfect move-in condition. Bathed in sunlight, this striking prewar condominium loft boasts soaring wooden beamed ceilings and enjoys three exposures – north, south, and east. Accessible via a keyed elevator that opens directly into the residence, this meticulously renovated space offers 2 bedrooms and two and a half baths, with potential for a third bedroom. Entertaining is a delight in the expansive corner living room, featuring a wood-burning fireplace and wet bar. See floor plan and full details here.

#1. West Village

Q2 2024 Average Condo PPSF: $2,765 (-9%) | Q2 2024 Condo Sales: 39 (+84%)

Would you like to tour any of these properties?

Just complete the info below.

Select which properties are of interest to you:

Beekman Terrace, 455 East 51st Street
The Sherry Netherland, 781 Fifth Avenue
1192 Park Avenue
The Opera, 2166 Broadway
80 Central Park West
Fifteen, 15 West 96th Street
Sheffield 57, 322 West 57th Street
Lifesaver Lofts, 120 Eleventh Avenue
130 Barrow Street
West Village Houses, 137 Barrow Street
The Spring, 225 Lafayette Street
56 Crosby Street
97 Crosby Street
88 & 90 Lex, 90 Lexington Avenue
677 West End Avenue
The Romanoff, 467 Greenwich Street
The Lispenard Collection, 57 Lispenard Street
15 Charles Street
The John Adams, 101 West 12th Street
27 Great Jones Street

Or call us at (212) 755-5544

West Village waterfront

130 Barrow Street, #PH513
$3,300,000

West Village | Condominium | 2 Bedrooms, 2.5 Baths | 1,200 ft²

130 Barrow Street, #PH513 (Corcoran Group)

From the Listing: Truly unique, turn-key duplex penthouse condo with two bedrooms, two and a half bathrooms, wood burning fireplace and a private terrace with 180-degree views over the Hudson River and leafy streets of the West Village. The main level of this beautiful home features wide plank hardwood floors, a modern staircase, and an open kitchen/living area which leads towards the sun pouring in through sliding glass doors over the large terrace. Upstairs there are two bedrooms with two full bathrooms in gracious proportions. See floor plan and full details here.

Q2 2024 Co-op Sales - Biggest Price Gainers

#10. Beekman/Sutton Place

Q2 2024 Co-op Median: $950,000 (0%) | Q2 2024 Co-op Sales: 77 (+29%)

Beekman Terrace, #4F
$960,000 (-3.5%)

Beekman/Sutton Place | Cooperative | 3 Bedrooms, 2 Baths

Beekman Terrace, #4F (Corcoran Group)

From the Listing: Classic six home with sunny, south-east views overlooking the East River located in the heart of Beekman Place. Luxury and attention to detail are showcased in this home with large living room, formal dining room, three bedrooms, and two bathrooms. The formal entry foyer leads to an open dining and living room. The corner sun-filled living room features a wood-burning fireplace and oversized picture windows with expansive East River and garden views, original details including gorgeous herringbone wooden floors, crown molding and high ceilings. See floor plan and full details here.

#9. Broadway Corridor

Q2 2024 Co-op Median: $950,000 (+12%) | Q2 2024 Co-op Sales: 100 (+47%)

The Opera, #8E
$975,000 (-18.8%)

Broadway Corridor | Cooperative | 2 Bedrooms, 2 Baths

The Opera, #8E (Compass)

From the Listing: Apartment #8E is a well-proportioned, remarkably quiet, and move-in ready two bedroom apartment in an established pre-war coop located in one of the most vibrant areas on the Upper West Side. The open plan living/dining space has dual exposures east and west and gets wonderful, bright light all day long. The renovated kitchen is truly a chef’s delight -- open to the living space, it offers a tremendous amount of storage housed in modern wooden cabinets, a suite of stainless appliances, and an expanse of granite countertops. See floor plan and full details here.

#8. Greenwich Village

Q2 2024 Co-op Median: $960,000 (-20%) | Q2 2024 Co-op Sales: 100 (+5%)

The John Adams, #2K
$935,000 (-6%)

Greenwich Village | Cooperative | 1 Bedroom, 1 Bath | 750 ft²

The John Adams, #2K (Brown Harris Stevens Residential Sales LLC)

From the Listing: Greenwich Village co-op's bedroom and living room take center stage as they are both extra-large, allowing for comfortable living and entertaining while overlooking treetops. The apartment has a smartly renovated kitchen. You'll love it especially if you enjoy cooking. The bath gives you all the water pressure and hot water you'll ever want. Want great closet and storage space? Got that! See floor plan and full details here.

#7. West Village

Q2 2024 Co-op Median: $999,000 (-9%) | Q2 2024 Co-op Sales: 45 (-14%)

West Village Houses, #GB
$1,075,000

West Village | Cooperative | 1 Bedroom, 1 Bath

West Village Houses, #GB (Serhant LLC)

From the Listing: Nestled in the heart of the iconic West Village, this meticulously renovated one-bedroom with home office offers an unparalleled blend of luxury, comfort, and outdoor bliss. As you enter, the expansive living space seamlessly blends modern sophistication with classic West Village charm. Natural light bathes the space, highlighting the rich hardwood floors that lead you through each thoughtfully designed area. The heart of the home, your open chef's kitchen, has been fully renovated to cater to your culinary adventures. See floor plan and full details here.

#6. Riverside Dr./West End Ave.

Q2 2024 Co-op Median: $1,100,000 (-21%) | Q2 2024 Co-op Sales: 105 (+15%)

677 West End Avenue, #3A
$1,065,000

Riverside Dr./West End Ave. | Cooperative | 2 Bedrooms, 1 Bath

677 West End Avenue, #3A (Brown Harris Stevens Residential Sales LLC)

From the Listing: A wide, almost 14-foot deep entry foyer welcomes you to this charming two-bedroom home with a great mix of pre-war details and modern finishes. The entry foyer brings you to a large living room with sunny eastern exposure and pretty treetop views. The oversized primary bedroom has plenty of room for a desk or sitting area, and has two closets. The dining room can be reimagined to create a comfortable second bedroom or home office. See floor plan and full details here.

#5. Central Park West

Q2 2024 Co-op Median: $1,515,000 (-4%) | Q2 2024 Co-op Sales: 66 (-8%)

80 Central Park West, #12C
$1,595,000

Central Park West | Cooperative | 1 Bedroom, 1.5 Baths

80 Central Park West, #12C (Compass)

From the Listing: A once-in-a-lifetime opportunity to own a home with unparalleled park and city views on the perfect Park view level, the twelfth floor. This oversized one-bedroom, one and a half-bath apartment has a gracious foyer leading up to a large scale living and dining room with private balcony which is big enough for a bistro table. The primary suite has an ensuite bathroom and enables you to wake up to the most inspiring Central Park view every day! See floor plan and full details here.

#4. Carnegie Hill

Q2 2024 Co-op Median: $1,685,000 (-12%) | Q2 2024 Co-op Sales: 101 (+14%)

1192 Park Avenue, #7E
$1,699,000 (-5.3%)

Carnegie Hill | Cooperative | 3 Bedrooms, 3 Baths

1192 Park Avenue, #7E (Corcoran Group)

From the Listing: Gracious space, abundant natural light, and calming quiet await you in a highly coveted Rosario Candela-designed Park Avenue coop. This classic six apartment features 9-foot ceilings throughout and boasts three exposures, providing bright natural light throughout the day. In the Candela tradition, the living areas are beautifully framed by the welcoming foyer and provide space for grand entertaining and comfortable daily living. See floor plan and full details here.

#3. SoHo

Q2 2024 Co-op Median: $1,962,500 (-4%) | Q2 2024 Co-op Sales: 24 (+34%)

97 Crosby Street, #1
$1,995,000

SoHo | Cooperative | 1 Bedroom, 1 Bath | 1,100 ft²

97 Crosby Street, #1 (Brown Harris Stevens Residential Sales LLC)

From the Listing: This is the rarest of rare opportunities: To own your own live/work commercial ground-floor loft on one of the best blocks in SoHo. Nestled between Prince and Spring on quiet Crosby Street, this unique space offers an end user the ability to use as a residence, or operate as living plus office or private work studio. The kitchen and bath were recently renovated. New Central a/c also just installed. Storage area in the basement transfers with the sale. See floor plan and full details here.

#2. Park/Fifth Ave. to 79th St.

Q2 2024 Co-op Median: $2,445,000 (+11%) | Q2 2024 Co-op Sales: 84 (+17%)

The Sherry Netherland, #1409/1411
$2,500,000

Park/Fifth Ave. to 79th St. | Cooperative | 3 Bedrooms, 3 Baths

The Sherry Netherland, #14091411 (Sothebys International Realty)

From the Listing: An embodiment of refined living, this apartment at The Sherry-Netherland exudes an air of elegance. With three exquisite bedrooms, three luxurious bathrooms, and a double apartment layout, this home boasts an elevated sense of space. Bathed in southern and eastern light, the high ceilings create an atmosphere of grandeur. Revel in the convenience of daily housekeeping, evening turn-down service, and even window and monthly deep cleaning, all included in your maintenance. See floor plan and full details here.

#1. Tribeca

Q2 2024 Co-op Median: $3,449,500 (+47%) | Q2 2024 Co-op Sales: 5 (+61%)

The Romanoff, #1
$3,500,000

Tribeca | Cooperative | 2 Bedrooms, 1.5 Baths | 2,450 ft²

The Romanoff, #1 (Corcoran Group)

From the Listing: This serene North Tribeca loft with its own private entrance is situated on a picturesque cobblestone street nestled within a turn of the century landmarked warehouse loft building on one of the most exclusive blocks of Tribeca's Historic District. This 2,450-square-foot home features soaring 13'6" ceilings (enough height to build mezzanines) 30 feet wide boasting exposed brick walls and original cast iron center columns this whimsical loft is filled with original-details. Two bedrooms, one and a half bathrooms, (currently configured as one bedroom and an office), kitchen, an amazing open great room, and plenty of closet space and storage space. See floor plan and full details here.

Would you like to tour any of these properties?

Just complete the info below.

Select which properties are of interest to you:

Beekman Terrace, 455 East 51st Street
The Sherry Netherland, 781 Fifth Avenue
1192 Park Avenue
The Opera, 2166 Broadway
80 Central Park West
Fifteen, 15 West 96th Street
Sheffield 57, 322 West 57th Street
Lifesaver Lofts, 120 Eleventh Avenue
130 Barrow Street
West Village Houses, 137 Barrow Street
The Spring, 225 Lafayette Street
56 Crosby Street
97 Crosby Street
88 & 90 Lex, 90 Lexington Avenue
677 West End Avenue
The Romanoff, 467 Greenwich Street
The Lispenard Collection, 57 Lispenard Street
15 Charles Street
The John Adams, 101 West 12th Street
27 Great Jones Street

Or call us at (212) 755-5544

Would you like to tour any of these properties?

In Q2 2024, Manhattan apartment sales rose while prices fell; See median-priced listings

In this article:

Q2 2024 Condo Sales - Biggest Price / ft2 Gainers

Select which properties are of interest to you:

Q2 2024 Co-op Sales - Biggest Price Gainers

Select which properties are of interest to you:

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