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The high points in Manhattan’s home sale market last year included several eight-figure trophy sales and falling mortgage rates, which helped to drive sales on the lower end of the pricing spectrum.
As a result, the borough’s sales volume, both by average dollar amount and total transactions, improved in 2025 from the previous year, according to an analysis of residential data by The Real Deal. The number of deals that crossed the finish line came in at more than 13,300 last year, up about 13 percent year over year. And the average sale price was $2.2 million in 2025, an increase of about 4.4 percent from the previous year.
The Plaza District held on to its title as the neighborhood with the highest average home sale in 2025, at more than $5.7 million. However, this figure is 4 percent lower than 2024’s winning average of nearly $6 million. There were also fewer sales last year, 142, compared to 174 in 2024.
With an average sale price of $5.4 million, Noho unseated Hudson Yards, which had ranked No. 2 in 2024 but fell to fourth place in 2025. The drop by one place came even after its average sale inched up in 2025 to just under $5 million from $4.8 million in 2024.
Times Square North, home to Billionaires’ Row properties, bested the Plaza District with the top home sale of 2025: media mogul Byron Allen’s sale of his roughly 6,600-square-foot pad at Vornado Realty Trust’s 220 Central Park South for $82.5 million.
The Plaza District did record the second-priciest home sale of 2025, with the sale of a sponsor unit at Vlad Doronin’s Aman New York at 730 Fifth Avenue for $66 million — a deal that closed right before the new year.
In terms of activity, the Upper West Side took home the prize for the busiest Manhattan submarket in 2025. The neighborhood notched more than 1,100 transactions last year, representing 8 percent of the borough’s total home sales. No other Manhattan area broke the 1,000-transaction threshold.