How Much To Buy An Apartment In | Manhattan

: Generally range from 2% to 6% of the purchase price.

: Frequently trade in the $800,000 to $1.5 million range, where monthly ownership costs often compete with high Manhattan rents.

: Listing discounts have tightened to roughly 4.4% , indicating a market that currently leans in favor of sellers. how much to buy an apartment in manhattan

The overall median sale price for Manhattan apartments is approximately , representing a year-over-year increase of roughly 5% to 13%. Property Type Median Sale Price Average Price per Sq. Ft. All Apartments $1,225,000 (+5.2% YoY) $1,972 (+4% YoY) Condominiums $1,750,000 (+1.4% YoY) Co-operatives $850,000 (Flat YoY)

Buying an apartment in Manhattan in 2026 requires significant capital, as median prices have reached record highs driven by a surging luxury market and limited inventory. While co-ops offer a more affordable entry point, condominiums continue to command a premium due to their flexibility for international and investor buyers. : Generally range from 2% to 6% of the purchase price

The market is characterized by , with active inventory hitting five-year lows in early 2026.

: Mortgage rates have stabilized around 6% to 6.2% , which has reduced some "rate shock" but continues to limit the number of sellers willing to list their homes. The overall median sale price for Manhattan apartments

Prices vary significantly based on the number of bedrooms, typically following these ranges: