These are the priciest neighborhoods in NYC

Key Takeaways:

• Hudson Yards remained the most expensive neighborhood for the 7^th consecutive year at $5.58M, even as the median sale price went down 22% Y-o-Y in 2025
• SoHo reclaimed #2 spot after a 20% Y-o-Y price bump to a $3.73M median sale price
• Within the top 50 priciest neighborhoods, the Columbia Street Waterfront District saw the largest increase in median sale price, at 39%, while Red Hook recorded the biggest decline at 34% Y-o-Y
• Boerum Hill registered the highest jump in sales, at 143% Y-o-Y, driven by condo sales at 323 Bergen Street
• $980K was the minimum median sale price for neighborhoods to rank among NYC’s 50 most expensive

The New York City real estate market continued its upward trajectory in 2025 with its median sale price rising 4% Y-o-Y to $780,000. Sales activity also increased after climbing 6% to a total of 31,941 transactions across single family homes, condos and co-ops.

This growth was reflected across the four boroughs, each seeing increases in their respective median sale price and sales, with Brooklyn and Queens rising 6% Y-o-Y. Meanwhile, Manhattan’s median sale price inched up 2% Y-o-Y to reach $1.15 million. The borough also closed the year with a total of 12,851 sales after logging the largest increase in transactions (11%).

In 2025, NYC’s top 50 most expensive neighborhoods actually comprised 52 locations as a result of price ties. Overall, Manhattan had the strongest presence on the list with a total of 25 neighborhoods, while Brooklyn ranked 21 and Queens claimed six.

Explore the interactive map below for at-a-glance price and sales insights for NYC’s neighborhoods in 2025:

Top 10 Most Expensive NYC Neighborhoods

Median Sale Price & Sales Rise Among Leading Neighborhoods 

Most of the city’s 10 most expensive neighborhoods saw both their median sale price and number of sales rise, with prices down in three neighborhoods and sales down in one.

With a median sale price of $5.58 million, Hudson Yards remained the #1 priciest NYC neighborhood for the seventh consecutive year. Here, the median sale price dropped 22% Y-o-Y in one of the sharpest declines among the 50 priciest neighborhoods. Meanwhile, sales in Hudson Yards increased 83% Y-o-Y, although that translated to a limited 20 additional sales. All of these sales took place at 35 Hudson Yards and 15 Hudson Yards.

After sliding one position last year, SoHo reclaimed #2 and closed 2025 with a median sale price of $3.73 million — the result of 20% Y-o-Y appreciation. This increase was influenced by the higher price of co-ops sold here in 2025. Sales in the neighborhood increased by 24%, which pushed the total number of transactions to 130.

TriBeCa landed at #3 in 2025 after a 12% Y-o-Y growth that pushed the median sale price to $3.7 million. Compared to the previous year, the neighborhood had 62 more condo sales, and this property type also had a higher median sale price ($4 million in 2025 versus $3.6 million the year before). The total number of sales in the neighborhood equated to 329 transactions after 19% Y-o-Y growth.

At #4, NoHo reached a median sale price of $3.31 million, fueled by 12% Y-o-Y growth. Here, a total of 38 sales took place in 2025, representing a 27% Y-o-Y increase that translated into only eight more sales.

Central Park South landed at #5 in the top 50 priciest NYC neighborhoods with a median sale price of $2.93 million across 104 sales. The median sale price and the number of transactions here saw 12% and 8% Y-o-Y increases, respectively.

At #6, NoLiTa had a median sale price of $2.85 million in 2025, following a 19% Y-o-Y growth. The median sale price among condos sold in this area was also higher than in 2024 — an increase that contributed to the growth in its median sale price.

Hudson Square landed at #7 among the top priciest NYC neighborhoods with a $2.65 median sale price after a 26% Y-o-Y rise, driven by an increase in sales above $2 million. The number of sales in the area grew, as well, reaching 79 transactions in 2025, including 60 that were condos.

At #8, Carnegie Hill saw a minor, 3% Y-o-Y decrease in median sale price to rest at $1.94 million. At the same time, sales in the neighborhood grew by 23% to reach 620 transactions. Co-ops represented the majority of sales here with 468 transactions, while 15 single family homes also changed hands in 2025.

As Manhattan’s final spot in the top 10 priciest neighborhoods, NoMad ranked #9 with a median sale price of $1.89 million after being one of three neighborhoods in the top 10 to register a year-over-year decrease (-3%). Overall, sales in the area also slowed in 2025, dropping 25% to 160 transactions.

Rounding out the top 10 most expensive NYC neighborhoods of 2025 is Brooklyn’s Cobble Hill. The neighborhood had a median sale price of $1.85 million, remaining almost flat year-over-year.

Most Expensive Brooklyn Neighborhoods

Brooklyn Neighborhoods Drive Sharpest Price Swings Among NYC’s Top 50 Priciest

In 2025, two-thirds of the top 50 priciest neighborhoods recorded growth of up to 39% Y-o-Y. Brooklyn was home to the sharpest price increases and decreases among the city’s 50 most expensive neighborhoods.

Specifically, the Columbia Street Waterfront District (#14) posted the city’s sharpest increase in median sale price after climbing 39% to $1.53 million. This jump was driven by a higher share of condo sales, which accounted for 88% of transactions (up from 76% a year earlier). Moreover, the condos sold here in 2025 had, on average, a larger footprint than the ones sold in 2024.

Manhattan Beach (#33) and Mill Basin (#34) recorded the next-sharpest price increases by rising 35% and 33% Y-o-Y, respectively. In Manhattan Beach, a larger share of single family home sales drove price growth, whereas, in Mill Basin, the average square footage of the houses sold was higher in 2025 than it was a year prior.

The sharpest price decrease among the city’s 50 most expensive neighborhoods was also recorded in Brooklyn, with Red Hook’s (#29) median sale price down 34% Y-o-Y to $1.31 million. This neighborhood’s price drop was influenced by the smaller average footprint of the homes sold here, which went from 2,015 square feet in 2024 to 1,612 square feet in 2025.

Neighboring Carroll Gardens (#15) also had one of the sharpest price drops among the city’s 50 most expensive neighborhoods, contracting 23% Y-o-Y. Now at #15 with a $1.51 million median sale price, its price drop was influenced by a slight shift in the mix of properties sold, as fewer single family homes sold in 2025 compared to the previous year.

Boerum Hill (#12) recorded the largest sales increase among NYC’s 50 priciest neighborhoods in 2025 as transactions jumped 143% Y-o-Y, driven by sales at 323 Bergen St. Meanwhile, Boerum Hill’s median sale price went up 19% Y-o-Y to reach $1.79 million.

Greenwood Heights (#22) had 39% more sales year-over-year, including more condos and single family homes than in 2024. Transactions in Williamsburg (#18) also increased by 27% to a total of 658. Around 10% of those sales were at the One Domino Square Condominiums.

Most Expensive Queens Neighborhoods

In 2025, Queens Claims Only 6 Neighborhoods in Top 50 Most Expensive – 4 Less Than the Year Prior

In 2025, Queens ranked six neighborhoods in the city’s top 50 priciest, which was four less than the previous year. As Queens’ highest-ranked neighborhood, Malba landed in #16 with a median sale price of $1.49 million after not making the top 50 priciest list in 2024 due to insufficient sales. Even in 2025, the neighborhood had only 20 sales, all single family homes.

Next, Queens’ #2 priciest neighborhood was Fresh Meadows, which reached $1.1 million in median sale price after a 12% Y-o-Y growth. Queens’ third-priciest neighborhood was Belle Harbor, which landed at #43 with a $1 million median sale price — the result of an 8% Y-o-Y bump. The neighborhood’s low number of sales included 21 houses and five co-ops.

Conversely, the median sale price in Hunters Point (#45) went down 15% Y-o-Y to land at $997,000, partly because the condos sold here in 2025 were, on average, smaller than the ones sold in 2024. In terms of sales, transactions in the neighborhood dropped 24% Y-o-Y to 239 sales.

For more information, explore New York City’s 50 most expensive neighborhoods in 2025 in the interactive table below:

Methodology

Median sale prices were calculated based on closed residential property sales recorded in ACRIS between January 1 and December 31, 2025 and January 1 and December 31, 2024. Residential asset types included were single family homes, condos and co-ops. Package deals were excluded.

Median sale prices were calculated only for neighborhoods that recorded at least five sales between January 1 and December 30, 2025. Year-over-year changes in median sale prices or the number of sales were calculated only for neighborhoods that also recorded a minimum of five sales between January 1 and December 31, 2025. Median sale prices were rounded to the nearest $1,000.

In this report, New York City is defined as the four boroughs of Brooklyn, the Bronx, Manhattan and Queens. Staten Island was excluded.

FAQs

1. Which neighborhood was the most expensive in NYC in 2025?

Hudson Yards held the top spot with a median sale price of about $5.58 million — the most expensive neighborhood in the city.

2. What were the other top priciest neighborhoods?

SoHo was second ($3.73 M), TriBeCa ranked third ($3.7 M) and NoHo ranked fourth ($3.31 M). Meanwhile, Central Park South finished within the top five ($2.93 M).

3. Which borough had the most neighborhoods in the top 50?

Manhattan had 25 neighborhoods in the top 50 most expensive, while Brooklyn ranked 21 and Queens claimed six.

4. Are high prices limited to Manhattan?

No. While Manhattan dominates the highest price tiers, Brooklyn also ranked one neighborhood in the top 10 priciest — Cobble Hill, at $1.85 M median sale price.

Related:

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• Coastal Appeal Outweighs Flood Risk: 5-Year Analysis Shows 10% Price Premium for Long Island Flood-Zone Homes 

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This article originally appeared on Propertyshark.com and was syndicated by .org