Upper East Side Condo Prices Rise 3.4% in Second Quarter

Upper East Side condo prices rose 3.4 percent in the second quarter of 2026 compared with the same three months in 2025.

The increase arrives as mortgage rates have held near 6.1 percent since March and inventory remains tight across Manhattan zip codes 10021, 10028 and 10075. Buyers who closed deals between April and June paid a median $1.92 million, according to data compiled by StreetEasy and released on July 8.

Park Avenue and 79th Street see clearest gains

Properties along Park Avenue between 77th and 82nd Streets recorded the strongest movement. One six-room cooperative at 740 Park Avenue closed at $4.85 million on June 12, a 7 percent increase over the comparable unit sold in May 2025. Two blocks east, a three-bedroom condominium at 300 East 79th Street traded for $2.35 million on May 28, up from $2.27 million for a similar layout one year earlier.

The Frick Collection renovation on Fifth Avenue at 70th Street and the reopening of the Metropolitan Museum's south wing have drawn additional foot traffic to the neighborhood. Local brokers report that buyers now cite those cultural anchors when explaining why they chose the Upper East Side over the West Side or downtown.

Inventory and buyer patterns

Active listings on the Upper East Side stood at 412 units on June 30, down 11 percent from the 463 units listed on the same date in 2025. Days on market averaged 48, four days shorter than last year's second-quarter pace. Two-bedroom apartments priced between $1.4 million and $1.8 million moved fastest, while units above $3 million took an average of 72 days to contract.

Corcoran Group data show that 62 percent of second-quarter buyers used all-cash offers, the same share recorded in the second quarter of 2025. The remaining 38 percent financed purchases with mortgages averaging $1.1 million.

Sellers who list before Labor Day can expect to reach closing by mid-October if they price within 3 percent of recent comps on the same block. Buyers should review the most recent offering plans for buildings on Lexington Avenue and Third Avenue before making offers, as several co-op boards tightened financial requirements in June.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.