Market Overview I Upper West Side I February 2026
Every month, we dive into the $1M+ market to uncover trends, then take a closer look at new developments, the $4M+ luxury segment, and the key factors shaping our city’s real estate landscape.
The Upper West Side real estate market showed a dynamic shift this February. Overall, contracts signed increased by an impressive 42 percent year over year, with 109 contracts signed, indicating robust buyer interest. At the top, the highest priced contract was $22.8M. However, the average price showed a marginal drop of 8 percent, highlighting the diverse price spectrum in the market. The average price per square foot rose by 9 percent, bringing it to $2,090, while the dollar volume skyrocketed by 31 percent to $412M in contract, underscoring strengthened sales activity. The building with the most secured contracts was 720 West End Avenue with six contracts. There were also 132 sales, twelve of which came from the recent conversion at 720 West End Avenue.
Despite a decline in average price by 30 percent and a drop in new listings by 53 percent, contract activity rose by 55 percent with 17 signed contracts in February, showing increasing buyer confidence. A noteworthy 59 percent increase in the price per square foot for new listings, along with a 109 percent increase in average price, was heavily swayed by three new listings at 50 West 66th Street ranging from $18M to $38M.
Luxury properties above $4M had 27 contracts signed, with the highest being the $22.8M listing at 15 Central Park West. There were 34 new listings, a slight increase of 13 percent year over year, reflecting demand stability. Recorded sales soared by 87 percent with 43 sales, further reinforcing the luxury market’s vigor despite a slight average price decline of 9 percent. The Upper West Side $4M+ market ended with a sales volume of $423M and $238M in contracts for February.
Ongoing interest in resale condos resulted in a 33.33 percent hike in contracts signed, with 36 contracts signed overall this month. The top sale was at 15 Central Park West for $22.8M. Dollar volume experienced an impressive 69.25 percent growth, driven by a 26.94 percent increase in average price, showing how a handful of top sales can have a major impact on the overall market and highlighting the thriving luxury segment. There were 45 new listings, down slightly by about 20 percent year over year. Sales for this month increased 30 percent to 42 sales, with a 23 percent rise in dollar volume. The highest trade was at 15 Central Park West for $24,777,216.
The resale co-op market saw a 42 percent increase in signed contracts, while dollar volume remained consistent year over year. This indicates more market activity with a shift in overall pricing. The average price fell by 28 percent, highlighting increased affordability and competitive opportunities for buyers. There were 54 new listings and 49 sales, with the top sale in Lincoln Square for $15.4M.
Single-family homes experienced bustling activity with a 200 percent spike in contracts. While this only represents 3 sales, it is still a major increase from the year prior. There were 5 new listings, up 66 percent. At the top of this segment, a 5-bedroom townhouse sold for $26.995M. The average price surged by 26 percent while sales remained consistent.
Disclaimer: All information is deemed reliable but not guaranteed. Prices, sales, and listings are subject to change and should be independently verified. This report is for informational purposes only and does not constitute financial or investment advice. Source: MarketProof, $1M+ Sales, 2026.
