"The median sale price across New York City rose 10% year-over-year in Q1 2025, reaching approximately $768,000, reflecting significant growth in Manhattan neighborhoods."
"Manhattan neighborhoods lead in median sale prices for Q1 2025, with Hudson Yards topping the list at $5.355 million and other neighborhoods showing notable increases."
"Queens experienced minimal growth, boasting just a 6% increase in median sale price to $581,000, yet it still houses 11 neighborhoods in the top 50 expensive areas."
"East Flushing saw a remarkable 51% jump in its median sale price, marking it as the borough's fastest growing area and also among the top cities overall."
In the first quarter of 2025, New York City's median sale price rose 10% year-over-year, reaching approximately $768,000. Notable price increases were observed in Manhattan, particularly in neighborhoods like Hudson Yards, which recorded a staggering median of $5.355 million. In contrast, Queens only saw a modest growth of 6% to $581,000, although it still featured several neighborhoods among the highest prices in the city. East Flushing stood out with a dramatic 51% increase, showcasing the varied dynamics of the real estate market across the boroughs.
Read at QNS
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