Manhattan Luxury: West Chelsea
July 2026
Contents
ContentsThe Luxury Lines
Three tiers measured by the trailing 12 months of Manhattan-wide signed contracts. These entry prices are Manhattan-wide thresholds, not West Chelsea's own line — paired here with West Chelsea's own trailing-12-month contract count, average price per square foot, and dollar volume against each tier. Thresholds update weekly as new data enters the window.
Top West Chelsea Deals
West Chelsea's highest signed-contract prices this month.
West Chelsea Market Pulse All Price Points
Contracts and Volume by Unit Size
Where activity concentrates in West Chelsea's contract market by bedroom count. Includes all price tiers.
Donut chart of West Chelsea dollar volume by bedroom count across 5 categories totalling $56.6 million. Largest is 1-Bed at $15.6 million, 28 percent of the total. Smallest is Studio at $899000.0 million, 2 percent. Full breakdown: 1-Bed $15.6 million, 28 percent; 4+ Beds $14.6 million, 26 percent; 2-Bed $13.7 million, 24 percent; 3-Bed $11.8 million, 21 percent; Studio $899000.0 million, 2 percent.
Donut chart of West Chelsea contracts signed by bedroom count across 5 categories totalling 22. Largest is 1-Bed at 10, 45 percent of the total. Smallest is 4+ Beds at 1, 5 percent. Full breakdown: 1-Bed 10, 45 percent; 2-Bed 5, 23 percent; 3-Bed 4, 18 percent; Studio 2, 9 percent; 4+ Beds 1, 5 percent.
Supply and Absorption
What inventory exists in West Chelsea, how fast it's moving, and what that means for buyers and sellers right now.
At ~11 months of luxury supply, West Chelsea is a buyer's market and sits looser than the borough. Buyers hold the leverage.
Sellers: Price to current market activity.
Buyers: There is room to negotiate on price and terms, and look closely within your submarket. Building-by-building comps carry the clearest signal.
Your residence may not move with the neighborhood average. Please for a comparative read on your address.
Explore the Data
Recorded sales, price history, and unit-size breakdowns. The lagging view that confirms the contract signals above.
Line chart of West Chelsea luxury quarterly contracts by tier covering 18 periods from 2022-04-01 to 2026-07-01. $4.86M+ falls from 26 in 2022-04-01 to 2 in 2026-07-01, down 92 percent, peaking at 31 in 2023-04-01. $7.13M+ falls from 14 in 2022-04-01 to 1 in 2026-07-01, down 93 percent, peaking at 16 in 2024-10-01. $18.19M+ falls from 2 in 2022-04-01 to 0 in 2026-07-01, down 100 percent, peaking at 4 in 2023-10-01 and bottoming at 0 in 2022-07-01.
Line chart of West Chelsea Weekly Sales · Price by property type covering 51 periods from 2025-08-04 to 2026-07-27. Condo rises from 3,925,000 in 2025-08-04 to 4,375,000 in 2026-07-27, up 11 percent, peaking at 19,500,000 in 2025-12-22 and bottoming at 1,156,294 in 2026-03-09. Co-op rises from 550,000 in 2025-08-04 to 1,367,500 in 2026-07-27, up 149 percent, peaking at 3,350,000 in 2026-01-12 and bottoming at 427,000 in 2025-09-15.
Line chart of West Chelsea Weekly Sales · Discount by property type covering 50 periods from 2025-08-04 to 2026-07-27. Condo rises from -5.75 in 2025-08-04 to -5.2 in 2026-07-27, up 9.6 percent, peaking at -1.35 in 2026-03-09 and bottoming at -26.8 in 2026-03-23. Co-op rises from -36.9 in 2025-08-11 to -8.875 in 2026-07-27, up 76 percent, peaking at 5.2 in 2026-06-22.
Methodology & Notes
West Chelsea residential signed contracts, last asking price, trailing 12 months (TTM). · Luxury $4.86M / Prime $7.13M / Trophy $18.19M = Manhattan-wide top 10%, 5%, 1% of TTM contracts. Cutoffs update monthly. · July 2026 is the latest reporting month (provisional; may revise through August 18, 2026). · West Chelsea's local luxury line is the median of its own contracts that clear the Manhattan Luxury cutoff (top 10%), currently $8.00M. Consumer reference only; every Luxury figure on this page is measured against the Manhattan threshold. · In each tier card, the contract count is West Chelsea's own contracts that clear that Manhattan tier. Average price per square foot and 12 month volume are Manhattan-wide totals for the tier, shown as the benchmark West Chelsea is measured against, and are labeled "Manhattan" on the card. · Metrics based on fewer than 5 contracts are marked "insufficient sample" rather than shown as a percentage change. · Two rankings appear in this section, refreshed weekly. Both cover only neighborhoods with at least 11 luxury contracts over the trailing 52 weeks, the floor for a stable reading. Luxury dollar volume ranks those neighborhoods by the dollars transacted above the Manhattan Luxury (Top 10%) price line over the trailing 12 months. Luxury intensity ranks them by the share of their trailing-12-month contracts that clear that same price line.
Abbreviations
TTM · Trailing Twelve Months · YoY · Year over Year · QoQ · Quarter over Quarter · MoS · Months of Supply · DOF · Department of Finance