At DECODE, we look beyond the headlines to show you what’s really happening in the market. Whether you’re planning a move, waiting for the right moment to buy, or just watching from the sidelines—here’s what March 2025 revealed across Manhattan and Brooklyn.
NYC Market Update: March 2025
🏙️ Manhattan: Buyers Are Paying—But Taking Their Time
Contracts Signed: 1,017 (+14% YoY)
Average Days on Market: 100 days (up 37%)
Price Movement:
- Median Sale Price: $1.12M (+7%)
- Price/SF: $1,000 (+6%)
What’s Moving:
- Major growth in the $2M–$4M and $10M+ categories
- Condos: Median price $1.78M | Co-ops: $793K
- Townhouses: Median $6.58M, with price/SF at $2,000
Decode Insight:
Buyers are still saying yes—but only to listings that show up smart, sharp, and strategically priced.
🌉 Brooklyn: Prices Hit Records, But It’s Taking Longer
- Contracts Signed: 324 (flat YoY)
Average Days on Market: 55 days (up 43%)
Price Movement:
- Median Sale Price: $868K (+9.3%)
- Price/SF: $853 (+11.2%)
What’s Moving:
- Contracts up 16% in the $2M–$4M segment
- Condos: Median price $1.03M | Co-ops: $447K
- Townhouses: Median $988K
Decode Insight:
The right homes are still commanding strong prices. Time on market is longer, but competitive buyers are showing up when the property is positioned well.
📍 What This Means for You
- Sellers: Strategy and presentation are everything right now
- Buyers: Slower pace = more room for negotiation
Dual moves? We help clients buy and sell simultaneously with confidence.
If you're thinking about making a move—or just want to understand how the numbers apply to your situation—we're here to decode it with you.
