: 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.
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. how much to buy an apartment in manhattan
: Average around $770,000 for condos and $468,000 for co-ops. : Mortgage rates have stabilized around 6% to 6
: The entry threshold for the luxury market (top 10%) is roughly $4 million . Average prices for ultra-luxury units ($20M+) can exceed $7,100 per square foot . Cost Breakdown by Unit Size : Average around $770,000 for condos and $468,000 for co-ops
: Frequently trade in the $800,000 to $1.5 million range, where monthly ownership costs often compete with high Manhattan rents.
: A weakening U.S. dollar has made Manhattan real estate more attractive to international buyers in 2026.
: Two-bedroom and larger apartments have seen the most significant gains, with some segments seeing double-digit price increases in 2026. Total Cash Required for Purchase