Market Overview I West Village I May 2026
Every month, we dive into the $1M+ overall 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 West Village real estate market in May 2026 showed varied trends across segments, with contract activity and listings pulling back while certain price metrics held firm, reflecting the nuanced nature of the market.
In the overall $1M+ market, there were 20 signed contracts, a 40% decrease year over year, with average prices also declining 26% to $5.47M. The top contract signed was a single family home at 146 Waverly Place for $23,500,000, followed closely by 150 Charles Street, Residence 10M at $21,500,000. There were 25 new listings, a 26% decrease year over year, with the top new listing at 637 Hudson Street, unit 2E for $25,000,000. There were 12 sales, a 30% decrease year over year, with the top being a single family home at 139 Waverly Place for $8,000,000.
On the new development front, activity was minimal this month, with just 1 contract signed, 1 new listing, and 1 sale. The contract came from 140 Jane Street, unit 2S at $14,950,000, while the new listing, also at 140 Jane Street, unit 4N, hit the market at $27,000,000. The sole sale closed at 275 West 10th Street for $1,300,000.
In the luxury $4M+ segment, there were 6 signed contracts, a 50% decrease year over year, and 9 new listings, also down 40% year over year, though average price per square foot climbed 16% to $3,694. There were 5 sales, a modest 5% decrease year over year.
For single family homes, there were 2 signed contracts, with average prices up 69% to $15.75M and dollar volume increasing 68% to $32M. There was 1 new listing at 392 West Street for $5,395,000, and 1 sale, as noted in the market overview above.
