realestate

NYC Median Home Sale Price Hits Record High, Surging to New Peak

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YC’s median home price reached a record $800,000 in Q3, up 4% from last year, with Brooklyn overtaking Manhattan as the city’s priciest borough. Manhattan’s median stayed at $1.15 million, but sales activity rose 15% year‑over‑year. Brooklyn’s median climbed 11% to $916 k, earning 26 of the top 50 spots on PropertyShark’s list versus Manhattan’s 19.

    Hudson Yards remained the most expensive neighborhood at $4.99 million, driven by high‑value deals at 35 and 15 Hudson Yards. Tribeca followed at $3.77 million, while Soho slipped to third after a 21% drop to $3.36 million due to a slowdown in condo sales. Hudson Square leapt 43% to $2.65 million, and Cobble Hill topped Brooklyn at $2.28 million, up 24% from a year ago. Fort Greene, Dumbo, and Boerum Hill also posted strong gains, with Boerum Hill’s sales surging 304% thanks to a new Bergen Street condo project.

    Queens posted a record median of $600 k, up 4% YoY. Jamaica Estates led the borough with a 144% rise to $1.25 million, fueled by single‑family sales, and Malba remained Queens’ most expensive enclave at $1.6 million.

    Across all five boroughs, PropertyShark logged over 8,500 transactions in the quarter, an 8% increase from the previous year.

NYC median home price hits record high, soaring to new peak.