Manhattan Luxury Real Estate Report: Oct 12–18, 2026

October 20, 2026

Manhattan Luxury Report:

24 Contracts Signed Above $5 Million

Manhattan luxury contracts doubled the week of October 12–18, 2026: buyers signed 24 deals at $5 million and above, up from 12 the week before, with $201.2 million in combined asking prices, according to the Compass Manhattan Luxury Report. The homes sold at full price, with an average discount of 0%, and the top deal was a $17 million West Chelsea condo at 551 West 21st Street.

24Luxury contracts signed
+100%More deals than the prior week
$201.2MTotal volume
0%Average discount from ask

Downtown back on top

Downtown took 11 of the week's 24 deals, spread across Soho, Tribeca, the West Village, Greenwich Village, Chelsea, West Chelsea and the Flatiron District. Soho alone had four, including two townhouses. The Upper West Side had six contracts, four of them on or near Central Park West, after the Upper East Side led the week before.

Manhattan luxury market by property type

Condos led with 13 deals, and co-ops doubled to 8 from 4 the week before. The median asking price was $7,247,500, so most of the action sat between $5 million and $10 million, with four deals above $10 million.

All

Condos

Co-ops

Townhouses

Contracts signed

24

13

8

3

Average asking price

$8,384,125

$9,336,847

$7,380,000

$6,933,334

Median asking price

$7,247,500

$7,495,000

$7,197,500

$6,000,000

Average price per sq ft

$2,629

$2,862

–

$1,794

Average size

–

3,278 sq ft

–

3,931 sq ft

Source: Compass Manhattan Luxury Report, contracts signed October 12–18, 2026. Co-op price per square foot and size are not reported.

Every Manhattan luxury contract signed this week

All 24 deals, ranked by last asking price.

  1. $17,000,000
    West Chelsea condo  |  4 beds, 4 baths  |  4,271 sq ft  |  $3,981/sq ft  |  27 days on market

    Top dealSigned at full ask in 27 days, the week's largest contract. The tower at 551 West 21st Street sits along the Hudson River in West Chelsea, per Compass.

  2. $16,500,000
    Midtown condo  |  3 beds, 3.5 baths  |  3,855 sq ft  |  $4,281/sq ft

    The second Waldorf Astoria Residences contract in three weeks, signed at its original asking price.

  3. $14,950,000
    Midtown condo  |  4 beds, 4 baths  |  3,466 sq ft  |  $4,314/sq ft  |  35 days on market

    Highest $/sq ftSigned at full ask in 35 days on Billionaires' Row, at the highest price per square foot of the week.

  4. $12,750,000
    Tribeca condo  |  3 beds, 3.5 baths  |  5,200 sq ft  |  $2,452/sq ft  |  28 days on market

    At 5,200 square feet, the largest condo of the week, signed at full ask in 28 days.

  5. $9,500,000
    Soho townhouse  |  5 beds, 5 baths  |  5,692 sq ft  |  $1,670/sq ft  |  62 days on market

    The week's top townhouse, and the largest home on the list.

  6. $9,250,000
    Upper West Side co-op  |  3 beds, 3 baths  |  2,800 sq ft  |  $3,304/sq ft  |  34 days on market

    A Central Park West penthouse co-op that signed at full ask in 34 days.

  7. $8,995,000
    Lenox Hill co-op  |  4 beds, 4 baths  |  41 days on market

    Signed at its original asking price in 41 days.

  8. $8,900,000
    Greenwich Village co-op  |  4 beds, 4 baths

    A combined co-op on lower Fifth Avenue, signed at its original asking price.

  9. $8,495,000
    Tribeca condo  |  5 beds, 4 baths  |  3,844 sq ft  |  $2,210/sq ft  |  29 days on market

    Five bedrooms in Tribeca, signed at full ask in 29 days.

  10. $7,600,000
    Soho co-op  |  3 beds, 3 baths  |  3,150 sq ft  |  $2,413/sq ft  |  91 days on market

    One of four Soho contracts this week.

  11. $7,500,000
    West Village condo  |  2 beds, 2.5 baths  |  1,767 sq ft  |  $4,245/sq ft  |  20 days on market

    Fastest dealSigned at full ask in 20 days, with the third-highest price per square foot of the week.

  12. $7,495,000
    Lenox Hill condo  |  5 beds, 6 baths  |  3,543 sq ft  |  $2,116/sq ft  |  23 days on market

    Signed at full ask in 23 days.

  13. $7,000,000
    Lincoln Square condo  |  3 beds, 4 baths  |  3,072 sq ft  |  $2,279/sq ft  |  27 days on market

    A Lincoln Square penthouse that signed at full ask in 27 days.

  14. $6,795,000
    Lenox Hill co-op  |  2 beds, 2 baths  |  172 days on market

    A Fifth Avenue penthouse co-op that signed at its original asking price after 172 days.

  15. $6,500,000
    Soho co-op  |  3 beds, 2.5 baths  |  3,000 sq ft  |  $2,167/sq ft  |  30 days on market

    Signed at full ask in 30 days.

  16. $6,195,000
    Lincoln Square condo  |  3 beds, 3 baths  |  2,165 sq ft  |  $2,862/sq ft  |  150 days on market

    Biggest price cutReduced 6.8% from $6,650,000 before signing after 150 days.

  17. $6,000,000
    Soho townhouse  |  4 beds, 4 baths  |  3,000 sq ft  |  $2,000/sq ft  |  37 days on market

    Price raisedThe only home this week to go up in price, from $5,995,000 to $6,000,000 before signing.

  18. $5,999,000
    Upper West Side condo  |  5 beds, 4.5 baths  |  2,974 sq ft  |  $2,018/sq ft  |  40 days on market

    Five bedrooms on the Upper West Side, signed at full ask in 40 days.

  19. $5,950,000
    Midtown condo  |  3 beds, 3.5 baths  |  2,160 sq ft  |  $2,755/sq ft  |  545 days on market

    Longest on marketSigned at its original asking price after 545 days, proof that the right buyer can still come along.

  20. $5,795,000
    Chelsea condo  |  3 beds, 3.5 baths  |  2,989 sq ft  |  $1,939/sq ft  |  29 days on market

    Signed at full ask in 29 days.

  21. $5,750,000
    Flatiron condo  |  4 beds, 3 baths  |  3,300 sq ft  |  $1,743/sq ft  |  29 days on market

    Trimmed 1.7% from $5,850,000 and signed in 29 days.

  22. $5,500,000
    Lincoln Square co-op  |  4 beds, 4.5 baths  |  2,600 sq ft  |  $2,116/sq ft

    A combined Central Park West co-op, signed at its original asking price.

  23. $5,500,000
    Upper West Side co-op  |  4 beds, 4 baths  |  20 days on market

    Tied for the week's fastest deal, signed at full ask in 20 days.

  24. $5,300,000
    Yorkville townhouse  |  5 beds, 2 baths  |  3,100 sq ft  |  $1,710/sq ft  |  152 days on market

    Signed at its original asking price after 152 days.

What this week means for buyers and sellers

  1. Buyers are back in force.Contracts doubled from 12 to 24, the busiest of the past five weeks.
  2. Pricing right still wins.The average discount was 0%, and 22 of 24 homes signed at or above their original asking price.
  3. Most deals happen fast.Fifteen homes signed within 41 days, and two signed in just 20.
  4. Co-ops are gaining ground.Co-op contracts doubled to 8, led by penthouses on Central Park West and Fifth Avenue.

Frequently asked questions

How many luxury contracts were signed in Manhattan the week of October 12 to 18, 2026?

Buyers signed 24 contracts at $5 million and above: 13 condos, 8 co-ops and 3 townhouses. That doubled the 12 deals signed the week before, with $201,219,000 in combined asking prices.

What was the most expensive Manhattan contract signed this week?

551 West 21st Street, Unit 17A in West Chelsea, with a last asking price of $17,000,000. The 4-bedroom, 4,271-square-foot condo signed at full ask after 27 days.

Which Manhattan neighborhoods led luxury sales this week?

Downtown took 46% of contracts, led by four deals in Soho and two in Tribeca. The Upper West Side had 25%, the Upper East Side 17% and Midtown 13%.

Are Manhattan luxury homes selling below asking price?

Rarely. The average discount was 0% this week. Only two homes cut their price before signing, and one, 201 West Houston Street, actually went up in price.

How long are Manhattan luxury homes taking to sell?

The average was 78 days on market. Most homes signed within six weeks, while 520 5th Avenue took 545 days and still signed at its original price.

What is the average price per square foot for Manhattan luxury homes right now?

$2,629 overall and $2,862 for condos this week. The highest was 157 West 57th Street at $4,314 per square foot.

Is now a good time to buy luxury real estate in Manhattan?

Contract activity doubled this week and homes are selling at full price, so well-priced homes won't wait long. Every situation is different, so reach out for a private consultation.

Thinking about buying or selling luxury real estate in Manhattan? Contact Darrell Williams for a private consultation, or view my Compass profile and listings.

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Darrell Williams works in Manhattan, Brooklyn, Queens, and the Bronx. His expertise includes new development sales/leasing projects, investment sales, and 1st time home buyers. Whether you're purchasing or selling, he'll keep you feeling comfortable and confident from start to end.

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