NYC Hits Record $799K Median, TriBeCa Lands #2 With 6-Year High

Key Takeaways:

• NYC hits record $799K median sale price after 4% Y-o-Y jump — highest value recorded to date
• Hudson Yards continued to lead as NYC’s most expensive neighborhood around the $6M mark
• TriBeCa climbed to $4.15M for runner-up position after 43% price increase — a record high since 2019
• Manhattan Beach boasted a 197% price growth, most homes sold in Q2 exceed $1M
• Carroll Gardens logged biggest sales boost, up 129% Y-o-Y
• Only 2 Queens neighborhoods surpassed $1M in median sale price
• 39 neighborhoods topped $1M mark with top five all above $2M

The New York City real estate market hit a new high during the second quarter of 2025. Overall, median sale prices increased by 4% year-over-year (Y-o-Y) to hit $799,000 — the highest median sale price recorded to date. Moreover, NYC saw a slight 2% growth in sales as 7,118 transactions (including condos, co-ops and single family homes) took place during Q2 of 2025.  

Manhattan registered a median sale price of $1.2 million in Q2 — a two year-high — and a third of the sales here were recorded above the NYC median sale price benchmark. 

Due to four pricing ties, a total of 54 neighborhoods were included in the top 50 most expensive neighborhoods ranking in the second quarter of this year. Notably, Manhattan and Brooklyn logged the same number of neighborhoods among the city’s priciest with 23 each. 

Meanwhile, Queens saw only eight of its neighborhoods land in the top of the list —roughly the same number as the borough recorded in Q2 last year: Real estate sales in Queens remained almost flat Y-o-Y, comprising about one-third of all NYC transactions. Queens’ median sale price increased by a minor 3% to come in at $560,000. 

A total of 39 NYC neighborhoods exceeded $1 million in median sale price with the top five surpassing $2 million, led by Hudson Yards around the $6 million mark. 

Explore the interactive map below for at-a-glance price and sales insights for NYC’s neighborhoods in Q2 2025:

Top 10 Most Expensive NYC Neighborhoods

Manhattan Claims 7 Neighborhoods in Top 10 With Leading 5 Above $2 Million  

Manhattan continued to dominate the top 10 with seven neighborhoods in the lead. Of these, five saw Y-o-Y increases in the median sale price and the number of sales grew in four neighborhoods. More precisely, the median sale price in Manhattan reached $1.2 million at the end of 2025’s second quarter — representing a new peak since Q2 of 2023, when the median sale price was just marginally higher. 

Hudson Yards remained NYC’s priciest neighborhood with a median sale price of $5.95 million, despite a significant 21% decrease Y-o-Y. The number of sales in the neighborhood also grew by 40% in the same time period, although that only translates into two more individual sales compared to previous year. 

At #2, TriBeCa hit its highest median sale price recorded since Q2 2019 ($4.15 million). This was fueled by a 43% Y-o-Y growth in price — the most notable among the top 10 priciest neighborhoods. TriBeCa also saw a 52% rise in sales in Q2 for the highest growth among the top 10 priciest neighborhoods. Even so, within Manhattan, it was Roosevelt Island that recorded the top increase in sales at 80%. 

Back in TriBeCa, almost 80% of sales were for condos, as compared to only 68% the year prior. What’s more, the Q2 condo sales had a median sale price of $4.35 million, whereas, in 2024, the median sale price for all condos stood at only $2.97 million.  

It’s worth noting here that four single condo units were sold during the second quarter for more than $10 million each, including one at 443 Greenwich St. that traded for as much as $16.5 million. This high-end pricing, combined with the large number of transactions, lifted TriBeCa from the third position in Q2 2024 to its runner-up spot in Q2 2025.  

Falling one position from a year ago, SoHo claimed the #3 position as its median sale price totaled $3.69 million, representing a 19% yearly increase. However, five fewer sales were recorded in the neighborhood as compared to a year prior, standing at just 32 transactions at the end of Q2.  

Next, Little Italy fell to #4 in Q2, despite seeing a 7% growth in the median sale price that brought it to $2.56 million. Here, all but two sales recorded during Q2 exceeded $1 million. 

Hudson Square completes Manhattan’s reign with the top five priciest neighborhoods as the final one to surpass the $2 million mark this quarter. Specifically, the median sale price in Hudson Square stood at $2.43 million after a negligible decrease Y-o-Y. The number of sales in the neighborhood remained consistent with its 2024 levels. 

Not to be outdone, Brookyln’s Columbia Street Waterfront District joined the ranking as a new entry at #6 and the first of three Brooklyn neighborhoods to make the top 10 priciest list. Despite not making the top 50 at all a year prior, the median sale price across 12 transactions in the Columbia Street Waterfront District reached $1.92 million at the end of Q2. 

Following close at #7, Boerum Hill logged 35% more sales Y-o-Y at a median sale price of $1.84 million. A total of 11 transactions were registered in the neighborhood at $2 million or above. Significantly, one single family home at 297 Pacific St. changed hands for a noteworthy $8 million. 

The Flatiron District rose to #8 in Q2 with a median sale price of $1.8 million after a 4% yearly uptick. Here, three condo units in the neighborhood traded for more than $10 million each, even as less than one-quarter of sales came in below the $1 million mark. 

At #9, DUMBO represented Brooklyn’s final appearance in the top 10 priciest NYC neighborhoods after rising from #14 in Q2 last year. Its median sale price rose by 23% to reach $1.795 million. 

Rounding out the top 10 priciest neighborhoods, the Theatre District-Times Square area also jumped considerably in the ranking after having rested at #24 a year ago. The Theatre District-Times Square area took the #10 spot after a 32% surge in its median sale price to settle at $1.625 million. Here, premium condo units traded for as high as $46.9 million in Q2. In total, 12 homes surpassed the $10 million mark.   

Most Expensive Brooklyn Neighborhoods

Brooklyn Sees Fewer Sales & Lower Prices, Yet Lands 23 Spots in Top 50

Overall, Brooklyn’s real estate activity suffered a Y-o-Y slowdown in Q2 with the median sale price decreasing slightly to stand at $847,000. Sales in the borough also declined by 6% for a total of 1,529 transactions. In all, Brooklyn logged just 21% of NYC’s total number of sales. 

Brooklyn also stood out in Q2 with the most extreme changes in median sale price among all of the top 50 priciest neighborhoods. Notably, Manhattan Beach saw the sharpest rise in median sale price at 197% with most homes selling for well above $1 million during Q2. Almost three-quarters of the transactions here were single family homes — a noticeable shift from last year, when that share was only 38% — reflecting both rising demand and a shift in the local housing stock.  

Similarly, Homecrest followed with the second-highest jump in median sale price at 57% to reach $985,000. This was due to a change in the property mix: Nearly 60% of sales during the second quarter were houses at a minimum price of $849,000, whereas house sales made up only 45% of the total transactions last year. 

Conversely, Carroll Gardens suffered the most drastic decrease in median sale price (-32%) among the top 50 neighborhoods after dropping from $1.95 million to $1.34 million. Here, three-quarters of the sales recorded in Q2 were priced below the median of Q2 2024. Even so, a condo unit located at 145 President St. sold for a hefty $3.62 million and three others changed hands for more than $2 million each. Interestingly enough, Carroll Gardens registered the highest increase in sales among the city’s leading neighborhoods during Q2 (129%). 

By contrast, Greenpoint saw a 61% drop in sales during Q2 — the sharpest among the top 50 neighborhoods. This is due to the 67 sales that took place at a new building at 29 Huron St. in Q2 of 2024, a project that has since almost sold out. As a result, only six condos were sold in this building during the latest quarter, significantly contributing to Greenpoint’s slowdown in transactions. 

Most Expensive Queens Neighborhoods

Fresh Meadows Returns as Queens’ Most Expensive Neighborhood While Seeing 33% Fewer Sales

With almost one-third of the total NYC transactions logged in Queens, the borough saw a 3% rise in median sale price during Q2, reaching $560,000. However, Queens’ priciest neighborhood, Fresh Meadows, only achieved #28 as sales in this neighborhood dropped by one-third. Even so, the median sale price in Fresh Meadows rose to $1.15 million due to more than half of the transactions being house sales of more than $1 million. 

LIC also represented Queens with the fifth-highest increase in median sale price among the top 50 neighborhoods during Q2 with its significant 41% yearly growth. Its median sale price stood at $890,000, lifted by considerably more condo sales and fewer co-ops than the year before. 

Finally, Middle Village recorded the second-highest decrease in sales out of all of the 50 priciest NYC neighborhoods with 49% fewer transactions Y-o-Y. This was fueled by the fact that house sales in this neighborhood declined by half during Q2. However, almost all of these sold at a median sale price that surpassed the prior year’s median. 

For more information, explore New York City’s 50 most expensive neighborhoods in Q2 2025 in the interactive table below:

Top 50 Most Expensive NYC Neighborhoods in Q2 2025

Methodology

Median sale prices were calculated based on closed residential property sales recorded in ACRIS between April 1 and June 30, 2024, and April 1 and June 30, 2025. 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 April 1 and June 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 April 1 and June 30, 2024. Median sale prices were rounded to the nearest $1,000. 

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

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