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Manhattan townhouses were on the move in October.
The property type sold faster while condos and co-ops lingered longer than any time in the past decade, according to a TRD analysis of Redfin data. Homes of all stripes on the island lingered on the market for a median of 86 days in October, 10 days longer than in the same month last year.
But townhouses saw their median time on the market fall by 32 days year over year. Last month, townhouses in Manhattan spent a median of 114 days up for sale.
Manhattan’s other residential property types also saw their times on the market lengthen over the past year.
Condos and co-ops — which in Manhattan are very different markets but are combined in Redfin’s data — rose the most.
The median condo and co-op in October sat on the market for 1,827 days, roughly the same amount of time as in September but a staggering 1,715 more days than in October 2024. The median days on the market for condos and co-ops reached a 10-year high during August, September, and October of this year.
Redfin calculates the median days on the market based on the number of days it took for a home to go under contract, or when a seller accepted a buyer’s offer. The metric does not include homes that lingered on the market for more than a year before going into contract.
The median days on the market across Manhattan’s residential properties was 86 days in October. That’s above the national median of 51 days, which had risen by seven days compared to October 2024.
A range of metros across the country have either entered or are heading into a buyer’s market. Homes that are not in the uppermost price points have languished on the market, as economic uncertainties, stubbornly high prices and elevated interest rates continue to put pressure on home sales. And in Manhattan, buyers have been snapping up units in recently built developments, leading to a new-inventory crisis heading into 2026.
In October, the median home in Manhattan traded for over $1.2 million, up 10.6 percent year over year.
Townhouses reported the biggest drop in median price over the same time frame, of about 24 percent, to $2.7 million. Almost 33 percent of townhouses in October sold with price drops, according to Redfin, and about 5 percent sold above ask.
Condos and co-ops saw their prices soar nearly 27 percent year over year to a median of just under $1.2 million. Almost 8 percent changed hands above their listing prices, and about 1 in 5 traded with discounts.