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.
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.
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