{"id":44355,"date":"2024-10-25T18:27:00","date_gmt":"2024-10-25T15:27:00","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=44355"},"modified":"2025-07-10T11:37:29","modified_gmt":"2025-07-10T08:37:29","slug":"priciest-nyc-neighborhoods-q3-2024","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2024\/10\/25\/priciest-nyc-neighborhoods-q3-2024\/","title":{"rendered":"SoHo Tops NYC&#8217;s Most Expensive Neighborhoods for 1st Time in 8 Years \u2014 Hudson Yards Absent in Q3 2024"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Key Takeaways:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SoHo becomes #1 most expensive NYC neighborhood for first time in 8 years<\/strong><\/li>\n\n\n\n<li><strong>Hudson Yards absent from rankings due to insufficient sales for first time since early days of pandemic shutdowns<\/strong><\/li>\n\n\n\n<li><strong>Hollis Hills median sale price jumps 125% Y-o-Y, stops just below $1M<\/strong><\/li>\n\n\n\n<li><strong>Greenpoint sales more than double compared to year-ago figures, median price climbs 20%<\/strong><\/li>\n\n\n\n<li><strong>28 neighborhoods surpass $1 million \u2014 five fewer than in Q3 2023<\/strong><\/li>\n\n\n\n<li><strong>For first time in nearly three years, Brooklyn ranks more neighborhoods than Manhattan among city\u2019s 50 most expensive<\/strong><\/li>\n\n\n\n<li><strong>NYC median sale price ticks up 3% Y-o-Y to reach $770,000, sales activity inches up 6% for a total of 7,925 transactions<\/strong><\/li>\n\n\n\n<li><strong>The Bronx leaves top 50 as Fieldston returns to more typical price levels<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>Following a nearly flat second quarter, the <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ny\/new-york-city\" target=\"_blank\" rel=\"noreferrer noopener\">New York City real estate market<\/a> picked up some steam in the third quarter, although both citywide sales and price indicators grew at a measured pace. Specifically, NYC\u2019s median sale price ticked up 3% year-over-year (Y-o-Y) to $770,000 and sales inched up 6% Y-o-Y to reach a total of 7,925 transactions Q3 2024.<\/p>\n\n\n\n<p>For the purposes of this report, NYC is defined as the four boroughs of Brooklyn, the Bronx, Manhattan and Queens.<\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"_\/h3nGsMphyIIMIRpZckHA\" data-type=\"interactive\" data-title=\"Q3 2024 Sales-NYC and Boroughs\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>Zooming in to the city\u2019s 50 most expensive neighborhoods, the third quarter of the year brought significant changes: Namely, <strong>Hudson Yards was absent from the rankings for the first time since the early days of the pandemic<\/strong> due to insufficient sales. As a result, <strong>SoHo reclaimed the title of the #1 most expensive neighborhood in NYC for the first time since 2016<\/strong>.<\/p>\n\n\n\n<p><em>Explore the interactive map below for at-a-glance price and sales insights for NYC\u2019s neighborhoods in Q3 2024:<\/em><\/p>\n\n\n\n<iframe title=\"SoHo &amp;amp; TriBeCa Lead NYC\u2019s Most Expensive Neighborhoods\" aria-label=\"Map\" id=\"datawrapper-chart-D2j9Q\" src=https:\/\/datawrapper.dwcdn.net\/D2j9Q\/7\/ scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"720\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hudson_Yards_Absence_Makes_SoHo_Priciest_NYC_Neighborhood_for_1st_Time_Since_2016\"><\/span>Hudson Yards\u2019 Absence Makes SoHo Priciest NYC Neighborhood for 1st Time Since 2016<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The city\u2019s increased median sale price was reflected among the 10 most expensive neighborhoods, as well, with seven experiencing price increases as sharp as 55% Y-o-Y. Notably, in terms of sales, only one of the 10 priciest neighborhoods recorded fewer than 20 sales.<\/p>\n\n\n\n<p>But the biggest change was to the leading spot:<strong> For the first time in eight years, SoHo was the #1 most expensive neighborhood in NYC<\/strong> after closing the third quarter of the year with a $4.25 million median sale price. This came despite an 8% Y-o-Y decrease in SoHo\u2019s median sale price and was the direct result of Hudson Yards\u2019 absence due to depressed sales. In fact, NYC\u2019s newest neighborhood closed only four residential sales between July and September.<\/p>\n\n\n\n<p>It\u2019s worth noting here that this was <strong>Hudson Yards\u2019 first absence from the city\u2019s most expensive neighborhoods list since Q2 2020<\/strong>, when the onset of the pandemic caused <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/the-nyc-neighborhood-report-q2-2020\" target=\"_blank\" rel=\"noreferrer noopener\">a record 44 neighborhoods<\/a> to close fewer than five sales (the absolute minimum threshold for determining representative pricing indicators). Back then, it was TriBeCa that took over as the city\u2019s most expensive neighborhood, followed by Little Italy \u2014 which was also absent from Q3 2024 rankings due to insufficient sales \u2014 and then SoHo.<\/p>\n\n\n\n<p>Fast forward to Q3 2024, <strong>TriBeCa was the #2 most expensive NYC neighborhood<\/strong> with a $3.9 million median sale price \u2014 the result of a 55% Y-o-Y price jump. At the same time, TriBeCa (along with #22 Lower East Side) <strong>also underwent the second-largest slowdown in transactional activity<\/strong> with sales dropping 36% Y-o-Y. In this case, both TriBeCa indicators were strongly influenced by the decrease in co-op sales, which made up half of all deals in Q3 2023, including 51 that took place at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/165856338\/450-Washington-St-New-York-NY-10013\/\" target=\"_blank\" rel=\"noreferrer noopener\">450 Washington St.<\/a> alone.<\/p>\n\n\n\n<p>Similarly, sales were down in Hudson Square, too, and price trends were decidedly negative. In fact, Hudson Square logged the third-sharpest price drop among NYC\u2019s 50 most expensive neighborhoods, coming in 31% below its <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2023\/10\/19\/priciest-nyc-neighborhoods-q3-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">year-ago<\/a> $2.7 million.<\/p>\n\n\n\n<p>Despite this, <strong>Hudson Square was the #3 priciest neighborhood in the city<\/strong> with a $1.85 million median sale price. It also kept Brooklyn out of the top three with a mere $10,000 edge: <strong>Cobble Hill was the #4 most expensive neighborhood in NYC<\/strong> at $1.84 million.<\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<iframe title=\"Hudson Yards Absent for First Time in 4+ Years, SoHo Tops NYC\u2019s Priciest Neighborhoods at $4.25M\" aria-label=\"Bar Chart\" id=\"datawrapper-chart-L0J8L\" src=https:\/\/datawrapper.dwcdn.net\/L0J8L\/3\/ scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"333\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>With a median sale price of $1.78 million, <strong>the Theatre District-Times Square area was the #5 most expensive<\/strong>. Here, price trends showed incremental gains, but sales increased by more than half, totaling 50 individual transactions. Close behind was the $1.75 million <strong>Flatiron District as the #6 priciest<\/strong> NYC neighborhood in Q3 2024.<\/p>\n\n\n\n<p>Meanwhile, a 35% Y-o-Y price hike made <strong>Chelsea the #7 most expensive neighborhood<\/strong> at $1.68 million. Chelsea also had the most active sales market among NYC\u2019s 10 richest neighborhoods to total 175 transactions in the third quarter.<\/p>\n\n\n\n<p>Next, although it was the third-priciest neighborhood in Q3 2023, <strong>DUMBO slid to #8 following a 41% Y-o-Y price cut<\/strong> \u2014 the second sharpest among the city\u2019s 50 most exclusive. As a result, DUMBO\u2019s median sale price fell from last year\u2019s $2.83 million to the current $1.67 million. This stemmed from the smaller footprints of homes sold, which averaged 1,310 square feet this year, as opposed to last year\u2019s 1,625 square feet.&nbsp;<\/p>\n\n\n\n<p>As Brooklyn\u2019s last representative in the city\u2019s top 10, <strong>Carroll Gardens was the #9 most expensive neighborhood<\/strong> at $1.63 million. Not only was the neighborhood $238,000 pricier than in Q3 2023, but sales were up 85% Y-o-Y \u2014 the third-sharpest increase among NYC\u2019s richest neighborhoods. Not to be outdone, <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ny\/new-york-city\/manhattan\" target=\"_blank\" rel=\"noreferrer noopener\">Manhattan<\/a> rounded out the top 10: <strong>Greenwich Village was the #10 priciest <\/strong>NYC neighborhood in Q3thanks to a 14% increase that lifted its median sale price to $1.6 million.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Brooklyn_Claims_23_of_NYCs_50_Most_Expensive_Neighborhoods_Overtakes_Manhattan_After_Nearly_3_Years\"><\/span>Brooklyn Claims 23 of NYC\u2019s 50 Most Expensive Neighborhoods, Overtakes Manhattan After Nearly 3 Years<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After tying with 21 neighborhoods each in the first two quarters of the year, Brooklyn took the lead in the third quarter by supplying 23 of the city\u2019s priciest neighborhoods. This marked the <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/priciest-nyc-neighborhood-q2-2021\/\" target=\"_blank\" rel=\"noreferrer noopener\">first time since Q2 2021<\/a> <strong>that Brooklyn had a stronger presence than Manhattan<\/strong> among the 50 most expensive neighborhoods. It was also the only other occasion in five years when the boroughs reversed ranks. Prior to that, Brooklyn last outperformed Manhattan in Q4 2019.<\/p>\n\n\n\n<p>Although only Cobble Hill, DUMBO, and Carroll Gardens ranked among the city\u2019s 10 most exclusive neighborhoods in Q3, Boerum Hill and Brooklyn Heights were not far behind. In truth, <strong>only $4,000 kept Boerum Hill from equaling #10 Greenwich Village<\/strong>. In the end, Boerum Hill closed the third quarter as the #11 priciest NYC neighborhood with a $1,596,000 median sale price.<\/p>\n\n\n\n<p>Meanwhile, Brooklyn Heights was the #13 most expensive neighborhood in NYC with a median sale price of $1.41 million. That was the result of a 42% Y-o-Y price increase fueled by decreases in co-op sales, as well as increased numbers of condo sales.<\/p>\n\n\n\n<p>Beyond claiming a heavier presence among the city\u2019s 50 richest neighborhoods, <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ny\/new-york-city\/brooklyn\" target=\"_blank\" rel=\"noreferrer noopener\">Brooklyn<\/a> also stood out with some of the sharpest increases in the number of sales. Specifically, <strong>four of the five neighborhoods where sales accelerated most were in Brooklyn<\/strong>.<\/p>\n\n\n\n<p>Among them, Greenpoint led the way as sales here more than doubled compared to the same period last year, going from 31 to 64 deals. Granted, 25 of those sales were clustered at <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/167090384\/29-Huron-St-Brooklyn-NY-11222\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Huron<\/a> \u2014 a 171-unit, 13-story condo development. &nbsp;<\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"_\/JX5oWjkwGguIZ6n3c2g6\" data-type=\"interactive\" data-title=\"Q3 2024 Sales-Changes\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>Hollis Hills had the next-highest increase in sales at 89% Y-o-Y, followed closely by Carroll Gardens, which was up 85% Y-o-Y. Much of the increase in Carroll Gardens sales came from the sale of single family homes: Six single family homes sold in Q3 2024, compared to none in Q3 2023. The same held true for Wingate, where the sale of three more single family homes in Q3 2024 versus the same period last year translated to a 60% price jump.<\/p>\n\n\n\n<p>And, in Madison, all three asset types saw more activity, but especially single family homes, which tripled in numbers: Madison was the setting for 19 single family home sales in Q3 2024, as opposed to 14 during the same period last year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Queens_Ranks_11_Neighborhoods_for_2nd_Time_in_2024_Claims_Sharpest_Price_Hike_With_125_Hollis_Hills_Surge\"><\/span>Queens Ranks 11 Neighborhoods for 2nd Time in 2024, Claims Sharpest Price Hike With 125% Hollis Hills Surge<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>While NYC\u2019s median sale price ticked up 3% Y-o-Y, <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ny\/new-york-city\/queens\">Queens<\/a> inched up 5% during the same period and ranked 11 neighborhoods among the city\u2019s 50 most expensive. That was reflected in the fact <strong>that Queens was also home to the two sharpest price increases<\/strong> among the city\u2019s 50 most expensive neighborhoods.<\/p>\n\n\n\n<p>In particular, <strong>Hollis Hills shot up 125% Y-o-Y<\/strong>, going from last year\u2019s $430,000 median sale price to $966,000 this year. That was paired with an 89% surge in sales \u2014 the second highest among the city\u2019s leading neighborhoods.<\/p>\n\n\n\n<p>However, in terms of actual sales, that only translated to an increase of eight transactions (from nine last year to 17 this year). Rather, the notable gains in both indicators were fueled by a change in the mix of properties sold in Hollis Hills. More precisely, it was an increase in sales of single family homes, which represented 10 of the 17 sales recorded in Q3 2024, whereas only four single family homes sold in Q3 2023.<\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"_\/NnWqivzJw9VJV5aPylVR\" data-type=\"interactive\" data-title=\"Q3 2024 - Top changes MSP\"><\/div><script>!function(e,n,i,s){var d=\"InfogramEmbeds\";var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,\"script\",\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>In East Flushing, the neighborhood\u2019s 81% Y-o-Y surge had more complex factors. First, <strong>sales in East Flushing dropped 40% Y-o-Y \u2014 the sharpest rate of NYC\u2019s 50 priciest neighborhoods<\/strong> \u2014 after going from 35 sales to 21. Second, only one less single family home sold this year compared to last year. Co-ops and condos accounted for the rest of the decrease.<\/p>\n\n\n\n<p>Finally, all 14 single family homes sold in Q3 2024 fetched prices well above the neighborhood\u2019s Q3 2023 median sale price with the lowest-priced single family home trading hands for $880,000. Consequently, the median sale price in East Flushing reached $980,000 to stop just shy of $1 million.<\/p>\n\n\n\n<p>Overall, <strong>three Queens neighborhoods surpassed $1 million <\/strong>in the third quarter of the year with Hunters Point in the lead: A $1.21 million median sale price ranked it as the #20 most expensive neighborhood in the city, making <strong>Hunters Point the only Queens neighborhood in the top half of our rankings<\/strong>.<\/p>\n\n\n\n<p>Likewise, Fresh Meadows stood at #27 with a $1.04 million median sale price \u2014 nearly $200,000 higher than the same period last year. The third Queens neighborhood north of $1 million was Belle Harbor, which closed the third quarter of the year at $1.03 million, but recorded only six sales.&nbsp;<\/p>\n\n\n\n<p>Interestingly, this was the second time in 2024 that Queens featured 11 neighborhoods among the 50 most expensive. For comparison, the most that Queens contributed last year was nine neighborhoods.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bronx_Back_to_Conventional_Price_Parameters_Misses_Top_50\"><\/span>Bronx Back to Conventional Price Parameters, Misses Top 50<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The median sale price of <a href=\"https:\/\/www.propertyshark.com\/recently-sold-homes\/ny\/new-york-city\/bronx\" target=\"_blank\" rel=\"noreferrer noopener\">the Bronx<\/a> was nearly flat year-over-year, ticking up a negligible 1% &nbsp;to just $365,000. And, as has usually been the case until the very recent past, the borough also did not rank any neighborhoods among the city\u2019s 50 most expensive.<\/p>\n\n\n\n<p>While the Bronx had reappeared in the <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2024\/07\/10\/priciest-nyc-neighborhoods-q2-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">previous quarter<\/a> after its original debut in <a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2023\/04\/25\/priciest-nyc-neighborhoods-q1-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">Q1 2023<\/a>, the borough did not return in Q3. That\u2019s because the real estate landscape in Fieldston (its flagship neighborhood) was back to normal parameters. As a matter of fact, at just $323,000, Fieldston wasn\u2019t even the priciest Bronx neighborhood in Q3. Instead, it was Morris Park with a $730,000 median sale price.<\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>For more information, explore New York City\u2019s 50 most expensive neighborhoods in Q3 2024 in the interactive table below:<\/em><\/strong><\/p>\n\n\n\n<div style=\"height:6px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<iframe title=\"Top 50 Most expensive NYC Neighborhoods Q3 2024\" aria-label=\"Table\" id=\"datawrapper-chart-boElo\" src=https:\/\/datawrapper.dwcdn.net\/boElo\/2\/ scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"1225\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Methodology\"><\/span>Methodology<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Median sale prices were calculated based on closed residential property sales recorded in ACRIS between July 1 and September 30, 2023, and July 1 and September 30, 2024. Residential asset types included were single family homes, condos and co-ops. Package deals were excluded.<\/p>\n\n\n\n<p>Median sale prices were calculated only for neighborhoods that recorded at least five sales between July 1 and September 30, 2024. 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 July 1 and September 30, 2023. Additionally, median sale prices were rounded to the nearest $1,000.<\/p>\n\n\n\n<p>In this report, NYC is defined as the four boroughs of Brooklyn, the Bronx, Manhattan and Queens. Staten Island was excluded.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fair_Use_Redistribution\"><\/span>Fair Use &amp; Redistribution&nbsp;&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>We encourage and freely grant permission to reuse and repost information, analysis, charts, tables,&nbsp;and images included on this page. When doing so, we only ask that you link back to this page or PropertyShark.com as the official source.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last leading NYC&#8217;s most expensive neighborhoods in 2016, SoHo claimed the top spot with a $4.25M median sale price, while Hudson Yards had only 4 sales.<\/p>\n","protected":false},"author":49,"featured_media":44148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8245,328,1659],"tags":[11093,11292,7],"class_list":["post-44355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-studies","category-new-york-real-estate","category-priciest-neighborhoods","tag-luxury","tag-market-study-label","tag-residential-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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