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Real Estate News

Where NYC Home Prices are Changing the Most

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PropertyShark released a new report a couple of weeks ago that showed that NYC still has some of the most expensive neighborhoods in the country.

The neighborhoods with the greatest year-over-year Q3 increases in median sale price are: Gowanus, Windsor Terrace, Hudson Square, Hudson Yards, Cobble Hill, Clinton Hill, Greenpoint, UWS, Bergen Beach, and the Columbia Street Waterfront District.

The neighborhoods with the greatest year-over-year Q3 decreases in median sale price are: East Village, Manhattan Beach, Belle Harbor, Financial District, SoHo, Brooklyn Heights, Chinatown, Battery Park City, Little Italy and Fiske Terrace.

Rank

Borough

Neighborhood

Median Sale Price Q3 2022

Median Sale Price Q3 2021

Y-o-Y Change

No of Sales Q3 2022

No of Sales Q3 2021

Y-o-Y Change

1

Manhattan

Hudson Yards

$5,852,000

$4,354,000

34%

12

9

33%

2

Manhattan

TriBeCa

$3,515,000

$3,350,000

5%

100

99

1%

3

Manhattan

Hudson Square

$2,740,000

$2,016,000

36%

24

90

-73%

4

Manhattan

SoHo

$2,378,000

$2,850,000

-17%

48

39

23%

5

Manhattan

Flatiron District

$1,950,000

$1,765,000

10%

175

148

18%

6

Brooklyn

Carroll Gardens

$1,810,000

$1,596,000

13%

31

34

-9%

7

Brooklyn

Gowanus

$1,791,000

$1,088,000

65%

31

22

41%

8

Brooklyn

DUMBO

$1,775,000

$1,818,000

-2%

43

36

19%

9

Brooklyn

Cobble Hill

$1,755,000

$1,358,000

29%

36

32

13%

10

Manhattan

Theatre District - Times Square

$1,675,000

$1,525,000

10%

46

74

-38%

11

Manhattan

Little Italy

$1,484,000

$2,500,000

-41%

13

11

18%

12

Brooklyn

Boerum Hill

$1,451,000

$1,230,000

18%

31

47

-34%

13

Manhattan

Greenwich Village

$1,425,000

$1,223,000

17%

155

186

-17%

14

Manhattan

Chelsea

$1,424,000

$1,302,000

9%

242

214

13%

15

Brooklyn

Columbia Street Waterfront District

$1,400,000

$1,152,000

22%

13

20

-35%

16

Brooklyn

Park Slope

$1,393,000

$1,200,000

16%

173

187

-7%

17

Brooklyn

Greenpoint

$1,378,000

$1,095,000

26%

53

38

39%

18

Manhattan

West Village

$1,310,000

$1,298,000

1%

132

101

31%

19

Manhattan

Battery Park City

$1,287,000

$1,750,000

-26%

106

49

116%

20

Manhattan

Upper West Side

$1,273,000

$1,021,000

25%

778

845

-8%

21

Manhattan

Upper East Side

$1,233,000

$1,175,000

5%

770

907

-15%

22

Brooklyn

Downtown Brooklyn

$1,152,000

$1,175,000

-2%

100

114

-12%

23

Brooklyn

Greenwood Heights

$1,146,000

$1,160,000

-1%

16

28

-43%

24

Brooklyn

Windsor Terrace

$1,140,000

$835,000

37%

29

39

-26%

25

Queens

Ditmars - Steinway

$1,129,000

$960,000

18%

10

15

-33%

26

Brooklyn

Clinton Hill

$1,079,000

$840,000

28%

102

49

108%

26

Brooklyn

Prospect Heights

$1,079,000

$945,000

14%

69

79

-13%

27

Manhattan

Lower East Side

$1,075,000

$995,000

8%

79

84

-6%

28

Queens

Hunters Point

$1,055,000

$1,064,000

-1%

105

232

-55%

29

Brooklyn

Fort Greene

$1,050,000

$950,000

11%

25

31

-19%

30

Brooklyn

Manhattan Beach

$1,046,000

$1,200,000

-13%

12

11

9%

31

Brooklyn

Williamsburg

$1,027,000

$1,145,000

-10%

157

183

-14%

32

Queens

Belle Harbor

$999,000

$1,150,000

-13%

11

5

120%

32

Brooklyn

Mill Basin

$999,000

$825,000

21%

14

11

27%

33

Manhattan

Roosevelt Island

$995,000

$833,000

19%

17

10

70%

34

Brooklyn

Dyker Heights

$993,000

$935,000

6%

20

18

11%

35

Queens

Fresh Meadows

$992,000

$978,000

1%

34

38

-11%

36

Manhattan

Financial District

$980,000

$1,138,000

-14%

109

130

-16%

37

Manhattan

East Village

$970,000

$1,075,000

-10%

83

85

-2%

38

Manhattan

Chinatown

$965,000

$1,275,000

-24%

10

8

25%

39

Brooklyn

Brooklyn Heights

$955,000

$1,150,000

-17%

80

99

-19%

40

Queens

Rockwood Park

$950,000

$881,000

8%

19

12

58%

40

Manhattan

Sutton Place

$950,000

$862,000

10%

75

117

-36%

41

Brooklyn

Bergen Beach

$945,000

$768,000

23%

5

13

-62%

42

Manhattan

Central Midtown

$935,000

$852,000

10%

78

74

5%

43

Queens

Queensboro Hill

$917,000

$920,000

0%

18

15

20%

44

Manhattan

Gramercy Park

$910,000

$988,000

-8%

111

124

-10%

45

Brooklyn

Fiske Terrace

$905,000

$1,650,000

-45%

8

5

60%

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With over a decade of expertise in Manhattan and Brooklyn, Brandon Mason looks forward to providing you with a real estate experience that is second to none. Feel free to explore our website, and contact Brandon with any questions you may have.

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