🏡 Luxury Townhouse Market in the Village – Key Takeaways for Buyers & Sellers
While I have been doing sales in the city since 2006, I have been watching the luxury market in the city since the pandemic in 2020.
Some parts of the market feel like they’re holding their breath. The Village townhouse market, on the other hand, keeps moving—quietly setting records and reminding us why these blocks have always been among the most sought-after in Manhattan.
In the past few years, we’ve seen some truly remarkable sales:
— A $72.5M sale on West 11th Street, breaking downtown records.
— A historic home on Morton Street trading for $35.5M.
— A beautifully restored townhouse on East 11th Street closing at $35M.
— And a notable sale on West 11th Street at $31M, with historic family ties.
These aren’t investor plays or market experiments. These are homes—classic, scaled, and beautifully done—for buyers who want to put down roots in the West Village and Greenwich Village.
What Buyers Are Telling Us
The trends are clear when you look beneath the surface:
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Width matters. The top sales are often 25 feet wide or more.
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Turnkey homes are in demand. Fully restored, thoughtfully designed, ready to move in.
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Buyers are choosing quiet streets, natural light, and outdoor space over trophy size alone.
In this part of Manhattan, it’s not about flash—it’s about timeless architecture, livable floor plans, and homes that have been loved and cared for.
West Village vs. Greenwich Village
While West Village continues to see more overall sales, Greenwich Village consistently commands the highest prices.
In both neighborhoods, the most desirable townhouses are trading between $22M and $35M, with the very best exceeding that range.
Where We Are Right Now
Even in a measured market, buyers are stepping up for the right homes:
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Two significant contracts were signed recently, one at $27M, another at $22.5M.
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Buyers are selective—but when the right property surfaces, they move decisively.
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Inventory is thin, and many sales still happen quietly, off-market, through relationships.
What This Means for You
If you're a seller, well-prepared homes are still in demand—especially those that are turnkey, historic, and thoughtfully updated.
If you're a buyer, it’s about staying close to the market and knowing what’s coming before it’s widely known.
