Townhouses make up just 1% of New York City’s housing stock, yet they command an outsized share of the public imagination. Strolling past a row of limestone or brownstone facades, it’s easy to wonder what life looks like behind those grand doors—elegant parlors, private gardens, and the charm of a bygone era blended with modern living. They're also no strangers to celebrities. A home once owned by Bob Dylan, located on Striver's Row, recently hit the market for $3 million—prompting a flurry of attention across the real estate media.
Manhattan Market Highlights
In Q2 2025, the Manhattan townhouse market cooled compared to last year’s exceptional pace:
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Total sales volume declined 16% year-over-year, compared to Q2 2024, which had been the second most active quarter in the past three years.
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Single-family sales fell 15% (down six sales), while multi-family sales—a slightly smaller segment—dropped 6% (down one sale).
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Median sales price dropped 37% due to a much smaller share of closings over $5M.
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Average sales price fell 13% to $6.8M, influenced by a higher concentration of Uptown sales under $2M.
Despite the overall slowdown, closed sales increased 11%, with the majority—80% of transactions—falling between $2M and $5M.
Uptown Momentum
Uptown Manhattan showed notable resilience, contributing nearly 50% of the townhouse total sales in Q2:
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9 single-family sales
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10 multi-family sales
The Boland Team is proud to have represented two of those single-family transactions:
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231 West 139th Street — Sold for $2,500,000
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3686 Broadway — Sold for $2,250,000
Our sellers were thrilled with both the results and the experience. Here’s what they had to say:
“We were delighted to work with Julia Boland. She is a top-notch professional whose deep expertise in pricing, marketing, and ultimately closing the deal was evident from our first encounter. She sold our property in record time and at a great price. Her marketing strategy was key to a successful sale. On a personal level, she is a delight and a joy to work with. We highly recommend her.”
“Julia was great to work with and is a true professional. She communicated consistently, offered valuable support, and demonstrated great patience throughout the process. Thank you, Julia!”
What’s on the Market Now?
Currently, 69 townhouses are available in Manhattan between $2M and $5M. Buyers—particularly those seeking an income-producing unit within the property—are active but discerning.
Interestingly, the Uptown townhouse market continues to outperform similarly priced Uptown condos, which have seen a more sluggish pace this year. That divergence is worth noting for owners considering whether now is the right time to sell.
Thinking of Selling?
If you’re curious about your townhouse’s current value, I’d be happy to provide a free, no-obligation online valuation—and then add context with local insights drawn from over 24 years in the NYC market.
I recently did this for a neighbor, and they were quite pleased with the clarity and strategy we developed together.
Townhouses aren’t just homes—they’re history, opportunity, and lifestyle. If you’re thinking of selling (or just exploring your options), let’s talk.
