NYC Real Estate Market Reports
Manhattan Townhouse Report
4th Quarter 2025
Manhattan Townhouse Market Overview Q4 2025
This Manhattan townhouse market report covers Q4 2025 sales activity, pricing, and trends for single-family and 2–4 unit multi-family townhouses across Manhattan. Below is a borough-wide snapshot followed by neighborhood-level townhouse data to help buyers, sellers, and owners understand local market conditions.
Total townhouse closings: 48
Median townhouse price: $4.89M
Average townhouse price: $7.88M
Average townhouse price per square foot: $1,494
Manhattan townhouse sales increased sharply year over year in Q4 2025, driven by higher transaction volume, while pricing metrics declined compared to both last year and the prior quarter. The drop in median price reflects a broader mix of sales rather than a collapse in demand, as buyers remained active across multiple price points.
Manhattan Townhouse Market by Neighborhood
Each neighborhood section below includes single-family and multi-family townhouse data, followed by a brief summary of local market conditions in Q4 2025.
Upper East Side Townhouses
Single-Family Townhouses
Closings: 12
Median Price: $10.48M
Avg PPSF: $2,122
Multi-Family Townhouses (2–4 Units)
Closings: 1
Median Price: $3.00M
Avg PPSF: $617
Market Insight
Single-family townhouse pricing surged on the Upper East Side, driven by several high-end trades, while multi-family activity remained extremely limited.
Upper West Side Townhouses
Single-Family Townhouses
Closings: 2
Median Price: $7.95M
Avg PPSF: $975
Multi-Family Townhouses (2–4 Units)
Closings: 2
Median Price: $4.34M
Avg PPSF: $896
Market Insight
Low transaction volume led to mixed pricing results, with buyers showing increased sensitivity to condition and layout at higher price points.
Downtown Manhattan Townhouses
Single-Family Townhouses
Closings: 9
Median Price: $7.40M
Avg PPSF: $1,934
Multi-Family Townhouses (2–4 Units)
Closings: 6
Median Price: $5.58M
Avg PPSF: $1,443
Market Insight
Downtown townhouse pricing adjusted meaningfully year over year, reflecting a slowdown in luxury demand and a wider range of sale conditions.
Uptown Manhattan Townhouses
Single-Family Townhouses
Closings: 3
Median Price: $2.60M
Avg PPSF: $723
Multi-Family Townhouses (2–4 Units)
Closings: 13
Median Price: $1.98M
Avg PPSF: $522
Market Insight
Uptown Manhattan remained the most active townhouse market by volume, with rising pricing and strong interest at more accessible entry points.
Key Manhattan Townhouse Trends Q4 2025
Turnkey single-family townhouses continued to attract premium pricing in established neighborhoods.
Multi-family townhouse sales increased year over year, particularly in Uptown Manhattan.
Median pricing declined due to broader transaction mix rather than weakening demand.
Townhouse performance varied sharply by location, reinforcing Manhattan as a micro-market driven borough.
What the Q4 2025 Manhattan Townhouse Market Means
For Buyers
Increased inventory and broader pricing created more opportunity in Q4 2025, particularly outside the ultra-luxury segment. Neighborhood and property-type selection matters more than headline averages.
For Sellers
Demand remains present, but buyers are highly selective. Accurate pricing and strong presentation are essential to achieve optimal results in the current Manhattan townhouse market.
Work With Craig
Buying or selling in New York City requires clarity, preparation, and steady representation. If you are considering your next move, I would be glad to help you navigate the process with confidence.