Prices Rise in 32 of NYC’s Leading Neighborhoods as City and Manhattan Hit Record Highs

Key Takeaways:

• Hudson Yards remains priciest NYC neighborhood with $6.56 million median, up 10% Y-o-Y
• TriBeCa & SoHo follow as only neighborhoods above $3 million
• Carroll Gardens doubles up Y-o-Y to $2.68M, stays over $2M for third consecutive quarter
• Central Midtown surpasses $2 million for second time in 2026
• $1.23 million Hunters Point leads Queens, Malba absent due to low sales after record Q1 pricing
• NYC & Manhattan hit new historic price peaks at $825,000 and $1,275,000, respectively
• Brooklyn & Queens log second-highest medians at $899,000 and $595,000, respectively
• Prices rise in 32 of NYC’s most expensive neighborhoods, while sales increase in 25

The New York City real estate market hit a new, historic pricing high in Q2 2026, reaching an $825,000 median sale price, up 3% year-over-year (Y-o-Y). Notably, the city climbed to this new peak even as transactional activity held steady. Specifically, NYC totaled 7,070 sales of single family homes, condos and co-ops between April and June of this year, which was only 48 sales fewer than during the same period last year for a negligible decline of less than 1% Y-o-Y.

Price gains were the rule at the borough level, as well, with Manhattan, Brooklyn and Queens all rising 6% Y-o-Y, while the Bronx increased 14% Y-o-Y. What’s more, Manhattan also reached a record historic high at $1,275,000 to surpass its Q1 2026 record, while Brooklyn and Queens logged their second-highest median sale prices ever at $899,000 and $595,000, respectively.

Meanwhile, sales trends were more split among the boroughs: At one end of the spectrum stood the Bronx with a 16% Y-o-Y increase in transactions, joined by Brooklyn’s 7% Y-o-Y rise. Conversely, at the other end were Queens with a -9% Y-o-Y slowdown in sales and Manhattan’s -1% Y-o-Y downtick.

As such, this slowdown directly affected Queens’ presence in the top 50 as it placed only seven neighborhoods among the city’s most exclusive, compared to 11 in the previous quarter. Otherwise, Brooklyn and Manhattan placed 23 neighborhoods each.

Overall, the city’s top 50 ranking comprised a total of 53 neighborhoods, the result of a few price ties. Of these, only 10 stood below $1 million while five areas comfortably surpassed $2.5 million.

Explore the interactive map below for at-a-glance price and sales insights for NYC’s neighborhoods in Q2 2026:

Top 10 Most Expensive NYC Neighborhoods

Hudson Yards Leads at $6.56M, Central Midtown Sets $2.6M Record

The city’s growing price trends were also visible among the city’s priciest neighborhoods, 32 of which saw medians rise. As for the top 10 most expensive NYC neighborhoods in Q2 2026, prices were on the rise in five and trended down in four. Even so, all stood north of $1.8 million and all were Manhattan and Brooklyn neighborhoods. Q1’s #5, Malba, was entirely absent from the rankings due to insufficient sales, after closing only two deals in the second quarter.

Overall, Hudson Yards remained the #1 most expensive NYC neighborhood with a $6.56 million median sale price — the result of a 10% Y-o-Y increase. However, NYC’s priciest neighborhood was quiet, logging only six sales between April and June of this year.

Next, TriBeCa was once again NYC’s #2 most expensive neighborhood, even after an 11% Y-o-Y price decrease dropped its year-ago $4.15 million to $3.68 million in Q2 2026. This also came after a 38% Y-o-Y reduction in sales — the third sharpest among the city’s 50 richest neighborhoods.

Partially driving that drop was the drastic slowdown in transactions at 450 Washington St. and 200 Chambers St. More precisely, the former recorded only one deal in Q2 2026 as opposed to 10 in the same period last year, while only two units sold at 200 Chambers St. as opposed to seven last year.

SoHo remained at #3 with a $3.41 million median sale price, similarly retaining its year-ago position despite prices declining 7% Y-o-Y. SoHo, TriBeCa and Hudson Yards were the only three neighborhoods north of $3 million.

Then, Carroll Gardens took #4 with a $2.68 million median sale price, doubling its year-over-year median for the sharpest price increase among the city’s neighborhoods. In fact, Brooklyn’s most expensive neighborhood nearly set a new record high — surpassed only by the $2.79 million median sale price that it reached in Q1 2024. This also marked the third consecutive quarter north of $2 million, a premier for the neighborhood.

In this case, Carroll Gardens’ most recent price performance was shaped by multiple factors, including three units at 238 Degraw St. that sold for between $2.35 million and $4.49 million. Another contributing factor was a change in the mix of properties sold with two co-ops and two houses trading in Q2 2026 versus four co-ops and no houses a year ago.

Plus, the two houses sold in Q2 2026 commanded hefty prices: A 3,960-square-foot brownstone sold for $7 million while a 4,478-square-foot brick townhouse fetched $7.5 million.

Continuing down the list, Central Midtown rose to #5 with a $2.6 million median sale price in a new record high for the Manhattan neighborhood. Central Midtown surged 82% Y-o-Y for the second-sharpest price increase among NYC’s most expensive neighborhoods and marked only the second time that the neighborhood went north of $2 million.

Sales also rose by one-fifth to total 98 deals between April and June of this year. Central Midtown’s sales and price acceleration was driven by 520 5^th Ave. The new luxury boutique development originated 32 unique sales starting at $3.2 million, including four penthouses that traded for $11 million.

Carroll Gardens’ and Central Midtown’s performances pushed Hudson Square down to #6 with a $2.4 million median sale price, down a negligible -1% Y-o-Y.  At #7, Little Italy’s median sale price was flat year-over-year, resting at $2.56 million. That said, transactions in Little Italy dropped a sharp 64%, although in actual sales that translated to a decrease from last year’s 14 deals to five in Q2 2026.

The Flatiron District also held steady at #8, even if prices here ticked up 11% Y-o-Y to $1,993,000— just $7,000 short of the $2 million mark.

It was followed by the Columbia Street Waterfront District at #9 with a $1.88 million median sale price, declining 3% Y-o-Y.  The neighborhood also logged a seemingly dramatic 58% drop in sales, although, in actual sales, it translated to a decrease from 12 sales in Q2 2025 to just five in Q2 2026.

Brooklyn closed out the top 10 ranking with DUMBO as NYC’s #10 most expensive neighborhood at $1.83 million. While DUMBO prices rose modestly, sales increased by nearly half to total 37 deals in Q2 2026, 12 more than during the same period last year. This increase was driven entirely by two addresses with 60 Front St. and 70 Washington St. closing six sales each.

Most Expensive Brooklyn Neighborhoods

Medians Up by at Least 50% in 3 of Brooklyn’s Most Exclusive Neighborhoods

Brooklyn ranked three neighborhoods among the city’s top 10 priciest, with Carroll Gardens, the Columbia Street Waterfront District and DUMBO the borough’s most expensive. Carroll Gardens especially stood out with a 100% Y-o-Y price increase that doubled it up to $2.68M. Notably, that price point was also the neighborhood’s second highest ever and also marked the third consecutive quarter that Carroll Gardens surpassed $2 million.

Among Brooklyn’s other pricey neighborhoods that came close to the top 10 but didn’t quite make it was Park Slope, grabbing #12 with a $1.76 million median sale price after rising 25% Y-o-Y. Park Slope’s increase was driven by the larger footprint of properties sold — 1,454 square feet on average, 20% larger than during the same period last year.

Next, Fort Greene was NYC’s #13 most expensive neighborhood at $1.72 million, up nearly $700,000 Y-o-Y.  That translated to a 67% Y-o-Y surge for the third-sharpest price increase among the city’s richest neighborhoods.

Similarly to Park Slope, Fort Greene’s price jump was also fueled by the larger footprint of properties sold — 1,408 square feet in Q2 2026, which was 35% larger than in 2025. The share of co-ops was also smaller this year, accounting for one-fifth of sales, as opposed to one-third a year ago. 

Then, Cobble Hill took #14 at $1.7 million, followed by Greenpoint’s $1.61 million median sale price at #16 after rising 25% Y-o-Y. Greenpoint’s price increase was heavily influenced by sales drying up at 65 Eckford St.: Q2 2025 saw 18 units sell but none in Q2 2026. This also more than halved the neighborhood’s sales activity, which was temporarily lifted last year by the same development. With fewer transactions in the neighborhood, the handful of over-$2 million sales recorded here had more power in Q2 2026 to lift Greenpoint’s median sale price.

At the opposite end of the pricing spectrum stood the $1.05 million Manhattan Beach, down 29% Y-o-Y for the sharpest price drop among the city’s leading neighborhoods. Its $427,000 Y-o-Y price cut was the result of fewer houses changing hands.

Furthermore, the houses that sold did so at lower price points than during the same period last year. Specifically, eight houses priced above $1.3 million sold in Q2 2025 as compared to five house sales in Q2 2026, only three of which were at least $1.3 million.

Most Expensive Queens Neighborhoods

With Malba Absent, Hunters Point Leads Queens Real Estate at $1.23M

Queens ranked seven neighborhoods among NYC’s 50 priciest, led by Hunters Point was its most expensive neighborhood at #25 with a $1.23 million median sale price. This came after a 32% Y-o-Y price increase, partly fueled by a slight increase in the average size of units sold, which rose from the year-ago 798 square feet to 894 square feet now.

Plus, fewer sales closed at the Enzo with the 10 sales closed in Q2 2025 having artificially brought down the neighborhood’s overall median. But it wasn’t just the Enzo sales declining — transactional activity slowed 32% across Hunters Point, dropping to 43 sales from last year’s 63. As a result, Hunters Point had both one of the sharpest price increases and one of the sharpest reductions in sales among NYC’s leading neighborhoods.

At #48, Jamaica Estates followed a similar pattern, albeit even more dramatic: The neighborhood’s median sale price rose 69% Y-o-Y to tie with Brooklyn’s Madison for the third-sharpest price increase among NYC’s most expensive neighborhoods.

Meanwhile, Jamaica Estates sales were also halved with both metrics affected by fewer, but pricier houses changing hands. To be precise, eight houses sold in Q2 2026 with seven priced at more than $1 million and the eighth just $50,000 shy of $1 million. By comparison, 15 houses sold during the same period last year, but only five traded north of $1 million.

Conversely, Rockwood Park saw sales surge 240% Y-o-Y — the sharpest among NYC’s top neighborhoods. Importantly, though, in actual transactions, that represented an increase from the year-ago five sales to 17 in Q2 2026. With that, Rockwood Park grabbed #49 with a $929,000 median sale price, the result of an 8% increase.

At #39 Queensboro Hill also stood out, but with a similar caveat: Sales here rose 50% Y-o-Y, but represented an increase from eight sales last year to 12 in Q2 2026. Notably, all sales were houses, ranging from $805,000 to $1.38 million, raising Queensboro Hill’s median sale price 9% Y-o-Y to $1.03 million. Auburndale was the only other Queens neighborhood above $1 million, landing at #31 with a $1.15 million median sale price, up 21% Y-o-Y.

Finally, after grabbing headlines with a record $2.5 million median sale price and Queens’ highest position ever at #5 in in the first quarter, Malba was fully absent in Q2 due to insufficient sale, closing only two sales between April and June.

For more information, explore New York City’s 50 most expensive neighborhoods in Q2 2026 in the interactive table below:

Top 50 Most Expensive NYC Neighborhoods in Q2 2026

Methodology

Methodology

Median sale prices were calculated based on closed residential property sales recorded in ACRIS between April 1 and June 30, 2025, and April 1 and June 30, 2026. Additionally, median sale prices were rounded to the nearest $1,000. 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, 2026. 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, 2025.

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

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FAQs 

1. Which neighborhood was the most expensive in NYC in Q 2026?

Hudson Yards was the most expensive neighborhood in the city with a median sale price of $6.56 million.

2. What were the other top priciest neighborhoods?

TriBeCa was second ($3.6841M), SoHo ranked third ($3.M), Carroll Gardens was the fourth most expensive ($2.68M) and Central Midtown finished the top five ($2.6M).

3. Which borough had the most neighborhoods in the top 50?

Manhattan and Brooklyn had 23 neighborhoods each in the top 50 most expensive and Queens claimed seven.

4. Are high prices limited to Manhattan?

No. While Manhattan dominates the highest price tiers, Brooklyn also ranked three neighborhoods in the top 10 priciest: Carroll Gardens was #4 at a $2.68M median sale price, the Columbia Street Waterfront District was #9 at $1.88M and DUMBO was #10 at $1.83M

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