Hudson Yards Most Expensive NYC Nieghborhood - 1
Hudson Yards
50 Most Expensive Neighborhoods in NYC 2024
New York City’s real estate market experienced notable shifts in 2024, with median sale prices rebounding by 3% year-over-year (Y-o-Y) to $748,000. While sales activity across the city stayed relatively flat, certain neighborhoods saw dramatic changes in prices and transactions. Below, we explore the top 50 most expensive neighborhoods in NYC and highlight key trends that defined the year.
Hudson Yards Leads NYC for the Sixth Year
Hudson Yards maintained its dominance as the priciest neighborhood in NYC for the sixth consecutive year, setting a record with a $7.13 million annual median sale price, up 22% Y-o-Y. However, sales activity nearly halved, with only 24 transactions—all condos.
Other Manhattan hotspots followed, with TriBeCa ($3.3M) and SoHo ($3.1M) rounding out the top three despite mixed sales trends. NoLita stood out with a 50% Y-o-Y price surge, climbing to a $2.4M median sale price.
50 Priciest NYC Neighborhoods Media Sale Price Graph - 1
Property Shark
50 Most Expensive Neighborhoods in NYC 2024
50 Priciest NYC Neighborhoods Media Sale Price Graph - 1
Property Shark
50 Most Expensive Neighborhoods in NYC 2024
Brooklyn Breaks Into the Top 10
Brooklyn claimed two spots in the top 10, led by Red Hook at #9 ($1.98M, +11% Y-o-Y). Carroll Gardens tied with Manhattan’s NoMad for #10, posting an impressive 38% Y-o-Y price increase.
Meanwhile, Greenpoint was the borough’s standout, with sales surging 150% Y-o-Y. However, some Brooklyn neighborhoods, like Boerum Hill, experienced sharp declines in sales, down 46% Y-o-Y.
Queens Expands Its Presence
Queens secured 10 neighborhoods in the top 50, three more than in 2023. Hunters Point led the borough with a median sale price of $1.02M, though prices dipped 1% Y-o-Y. Notably, East Flushing rose to #50 with a 46% Y-o-Y price increase, reaching $880,000.
8 Manhattan Neighborhoods Surpass $2Mil Median Sale Price - 1
Property Shark
50 Most Expensive Neighborhoods in NYC 2024
8 Manhattan Neighborhoods Surpass $2Mil Median Sale Price - 1
Property Shark
50 Most Expensive Neighborhoods in NYC 2024
Manhattan Still Reigns Supreme
Manhattan neighborhoods dominated the rankings, claiming 27 spots in the top 50. Central Park South faced the steepest decline in median sale price (-25% Y-o-Y), while Chelsea saw the sharpest rise (+52% Y-o-Y), climbing to $1.89M.
Top 20 Neighborhoods
1. Hudson Yards - $7.13M
2. TriBeCa - $3.3M
3. SoHo - $3.1M
4. NoHo - $2.96M
5. Central Park South - $2.61M
6. NoLita - $2.4M
7. Hudson Square - $2.11M
8. Carnegie Hill - $2M
9. Red Hook (Brooklyn) - $1.98M
10. Carroll Gardens (Brooklyn) & NoMad - $1.95M
11. West Village - $1.92M
12. Chelsea - $1.89M
13. DUMBO (Brooklyn) - $1.84M
14. Battery Park City - $1.82M
15. Greenwich Village - $1.81M
16. Lincoln Square - $1.78M
17. Boerum Hill (Brooklyn) - $1.75M
18. Upper East Side - $1.72M
19. Cobble Hill (Brooklyn) - $1.7M
20. Park Slope (Brooklyn) - $1.68M
Key Takeaways
• Record Setters: Hudson Yards hit $7.13M, the highest median sale price ever recorded in NYC.
• Queens on the Rise: East Flushing and Hunters Point showcase the borough’s growing real estate clout.
• Brooklyn’s Resilience: Greenpoint and Carroll Gardens emerge as major growth stories, highlighting Brooklyn’s dynamic market.
NYC’s real estate market continues to evolve, balancing price growth with shifting sales activity. See the Full Report Here
