In the third quarter of 2024, SoHo emerged as New York City's most expensive neighborhood, with a median sales price of $4.25 million, marking its return to the top after eight years.
Manhattan dominated the luxury real estate market, boasting seven of the ten most expensive neighborhoods, with an overall median sales price of $1,150,000.
Brooklyn's growing appeal was reflected in its inclusion of three neighborhoods in the top ten. The borough recorded a median sales price of $827,000, indicating a 3% increase from the previous year.
Comparatively, Queens had a median sales price of $579,000 and the Bronx lagged further, with a modest median of $365,000, highlighting significant disparities in New York City's real estate landscape.
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