Manhattan Luxury Real Estate Report: 12 Contracts Signed Above $5 Million
Buyers signed 12 luxury contracts of $5 million or more in Manhattan the week of October 5–11, 2026, and the Upper East Side accounted for 58% of them, according to the Compass Manhattan Luxury Report. That's down from 18 deals the week before, but the homes that sold moved fast and at full price: the average discount was 0%, and the average home went to contract in 52 days, less than half of last week's 123.
The Upper East Side takes the lead
Seven of the week's 12 contracts were on the Upper East Side, from a Carnegie Hill penthouse on Park Avenue to four deals in Lenox Hill. Downtown and the Upper West Side had two deals each, and Hudson Yards had one. It's a clear shift from the prior week, when Downtown accounted for 61% of luxury contracts.
Manhattan luxury market by property type
Co-ops and townhouses had a big week, making up 7 of the 12 deals after just 2 of 18 the week before. Total volume came to $117,160,000, with a median asking price of $7,235,000.
All | Condos | Co-ops | Townhouses | |
|---|---|---|---|---|
Contracts signed | 12 | 5 | 4 | 3 |
Average asking price | $9,763,334 | $10,582,000 | $6,900,000 | $12,216,667 |
Median asking price | $7,235,000 | $7,475,000 | $6,050,000 | $7,950,000 |
Average price per sq ft | $2,366 | $2,588 | – | $2,184 |
Average size | – | 3,797 sq ft | – | 5,344 sq ft |
Source: Compass Manhattan Luxury Report, contracts signed October 5–11, 2026. Co-op square footage is not reported.
Every Manhattan luxury contract signed this week
All 12 deals, ranked by last asking price.
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$24,950,000
Top dealThe week's largest home signed at its original asking price after 243 days. 1110 Park Avenue is a boutique condominium with only nine residences, built in 2015, per Compass.
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$22,500,000
Highest $/sq ftSigned at full ask in just 21 days, and at the highest price per square foot of the week, above every condo on the list.
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$10,250,000
The week's priciest co-op, a Central Park West penthouse that signed at its original asking price.
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$7,995,000
Signed at full ask in 22 days, the second high-floor home in the building to go to contract since mid-September.
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$7,950,000
Seven bedrooms, the most of any home this week, signed at full ask in 38 days.
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$7,475,000
The penthouse crowns Park House Chelsea, a collection of 10 residences designed by Annabelle Selldorf, and comes with two private terraces, per Compass.
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$6,995,000
Fastest dealSigned in 15 days. This corner home has a 38-foot living and dining room, and residents get private access to a 43,000-square-foot Equinox, per Compass.
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$6,850,000
One of two Park Avenue contracts this week, and the largest co-op by reported square footage.
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$6,200,000
Best valueSigned at full ask in 24 days, at the lowest price per square foot of any home this week.
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$5,495,000
Signed at its original asking price in 27 days.
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$5,250,000
A high-floor Lenox Hill co-op that signed at full ask in 28 days.
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$5,250,000
Signed at full ask in 38 days, the fourth Lenox Hill contract of the week.
What this week means for buyers and sellers
- Well-priced homes sell at full price.The average discount was 0%, and no home with a reported list price needed a price cut to find a buyer.
- Deals are happening faster.The average time on market fell to 52 days from 123 the week before, and seven homes signed within 30 days.
- The Upper East Side is in demand.It took 58% of contracts, with four in Lenox Hill alone.
- Co-ops and townhouses are back in play.They made up more than half of this week's deals, and a West Village townhouse posted the highest price per square foot.
Frequently asked questions
How many luxury contracts were signed in Manhattan the week of October 5 to 11, 2026?
Buyers signed 12 contracts at $5 million and above: 5 condos, 4 co-ops and 3 townhouses. That was down from 18 the week before, with $117,160,000 in combined asking prices.
What was the most expensive Manhattan contract signed this week?
The penthouse at 1110 Park Avenue in Carnegie Hill, with a last asking price of $24,950,000. The 5-bedroom, 7,000-square-foot condo signed at its original asking price.
Which Manhattan neighborhood led luxury sales this week?
The Upper East Side, with 58% of contracts (7 of 12). Four of those were in Lenox Hill. Downtown and the Upper West Side each had 17%, and Midtown West had 8%.
Are Manhattan luxury homes selling below asking price?
Not this week. The average discount was 0%, and every home with a reported list price signed at its original asking price.
How long are Manhattan luxury homes taking to sell?
The average was 52 days on market, less than half of the previous week's 123. Seven homes signed within 30 days, led by 255 East 74th Street at 15 days.
Are co-ops and townhouses selling in Manhattan's luxury market?
Yes. Co-ops and townhouses made up 7 of this week's 12 deals, compared with 2 of 18 the week before. The townhouse at 67 Charles Street posted the week's highest price per square foot, $3,731.
Is now a good time to buy luxury real estate in Manhattan?
Well-priced homes are moving quickly and at full price, so buyers who are ready to act have the advantage. 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.
