For years, co-ops were the underdog of the NYC real estate market. Condos had the allure of flexibility, easier approvals, and a broader pool of buyers. But in 2025, the tide is starting to turn. Recent market data shows renewed interest in co-ops, with condos now selling for an average of 26% more than comparable co-ops. Combined with a 4.5% drop in new co-op listings and rising condo fees, buyers are taking a fresh look at the value and stability co-ops offer — particularly those looking for more space in established neighborhoods.
For boards, this isn’t just good news for resale values. It’s a chance to attract high-quality, committed residents, and to ensure your building’s appeal stays strong as the market shifts.
Why buyers are turning back to co-ops
Several factors are fueling the co-op resurgence:
- Affordability compared to condos — Even with higher mortgage rates, co-ops often sell for 15–30% less than similar condos, making them more attainable for long-term NYC buyers.
- More inventory in desirable locations — Many co-ops are in established, character-rich neighborhoods that appeal to buyers tired of glass towers.
- Community and stability — Buyers frustrated by high investor ownership in condos are drawn to the community feel and owner-occupancy requirements of co-ops.
- Rising condo fees — In some cases, condos with extensive amenities have seen common charges rise faster than co-op maintenance, tipping the cost balance.
What this means for boards
A market that’s warming back up to co-ops is a gift — but also a responsibility. If your building wants to benefit from this trend, you need to be ready to stand out.
How co-op boards can make the most of the comeback
- Streamline your application process
Buyers know co-op approvals take more time and effort. A clear, organized, and transparent process can make your building more attractive while still protecting your standards. - Showcase financial health
Well-managed budgets, healthy reserves, and minimal special assessments make a co-op far more appealing. If your financials are strong, highlight them in your building’s sales packages. Our guide to reserve funds offers tips for maintaining financial strength. - Prioritize curb appeal and common areas
First impressions matter. Regular upkeep of lobbies, hallways, and shared spaces can sway a buyer’s decision, especially if they’re comparing your building to a condo. - Balance tradition with flexibility
While rules are important for community cohesion, consider where you might modernize — such as updated sublet policies or in-unit laundry allowances — to keep pace with buyer expectations. - Support brokers with clear info
A building that’s easy for brokers to work with will naturally see more showings. Provide them with an up-to-date fact sheet and key selling points.
Co-ops may be having their moment again, but buyer preferences evolve quickly. Boards that combine strong financial stewardship with a welcoming, transparent process will be best positioned to ride this wave — and sustain the momentum long after the headlines fade.
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