N
ew York State’s housing market growth is overwhelmingly concentrated in the New York City metropolitan area, according to a recent Stacker study that mined Zillow data. The 12‑month period ending August 2025 shows every market on the state’s top‑50 fastest‑growing list inside the city’s orbit—except one.

    The list is dominated by affluent Long Island and Westchester communities. Sagaponack tops the chart with a median home value above $7 million and a year‑over‑year rise of nearly $300 000, a 61.4 % increase over five years, or $2.69 million. Sands Point follows in second place; its typical home is worth $3.05 million, up 6.5 % YoY ($185 000) and 47 % over five years ($1 million). Bridgehampton is third, with a median of $4.4 million, a 4.1 % annual gain ($176 000) and a 65 % five‑year jump ($1.73 million).

    Other high‑performing locales include Great Neck (10th) and Purchase (9th). Great Neck’s median price of $1.39 million rose 9.6 % YoY ($122 000) and 39.1 % over five years ($393 000). Purchase, home to a SUNY campus, saw its median climb 6.5 % YoY ($127 000) and 53 % over five years ($729 000).

    The sole outlier is Tuxedo Park, a gated village in Orange County about an hour north of Manhattan. Ranked 21st, its median value surpassed $1.2 million, up more than 7 % YoY ($86 931) and roughly 65 % over five years ($506 599).

    Despite higher mortgage rates that have kept the national average home price flat at about $364 000 in August, suburban spots like Dix Hills and Great Neck continue to enjoy robust appreciation.