The contest for New York City's most expensive neighborhood isn't really a contest anymore. Hudson Yards had the highest median sale price in the city during the second quarter of 2024: $7.5 million, more than double SoHo's $3.1 million, reflecting a shift in the city's luxury real estate landscape.
In Brooklyn, the median sale price rose 12% to $863,000, but only by 2% in sales volume. Greenpoint saw sales triple, driven by luxury developments. Cobble Hill surpassed Carroll Gardens as Brooklyn's priciest area with fewer sales. The Bronx saw price spikes in 21 neighborhoods, with Fieldston's prices soaring 257% due to increased single-family home transactions.
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