This is (Still) NYC’s Most Expensive Neighborhood
We’ve already got you covered with the 10 hottest NYC neighborhoods to keep an eye on in 2025 if you’re in the market for a new apartment. Now if you’re looking for which NYC neighborhoods you totally don’t even have to bother looking at, particularly because they’re NYC’s most expensive neighborhoods, we’re getting to that now–that is, of course, unless you have that type of money. We, on the other hand, can’t even keep up with the increasing subway fare 
PropertyShark recently released its annual list of the Top 50 Most Expensive NYC Neighborhoods in 2024 based on property sale data between January 1st and December 31st, 2024, and for the sixth year in a row Hudson Yards has claimed the number one spot. And not only that, the neighborhood also broke records! PropertyShark writes:
Hudson Yards reached new pricing height last year and retained its #1 leading position for the sixth consecutive year at a staggering $7.13 million median sale price, the result of a 22% Y-o-Y price jump.
Sheeesh is that steep! In fact, it’s $3.84 million higher than the median sale price of TriBeCa, which came in second with a 12% Y-o-Y price that pushed it to $3.3 million, and $4.03 million higher than the median sale price of SoHo, which came in third with a median sale price of $3.1 million following a 15% Y-o-Y drop.
The neighborhoods that saw the biggest jump in median sale prices were Chelsea and NoLita, both with a 50% Y-o-Y jump.
Manhattan once again leads the top 10, with nine neighborhoods ranking among the city’s most expensive, of which eight surpassed $2 million. Likely the result of this, Manhattan saw a 2% Y-o-Y downtick in sales in 2024. Brooklyn, on the other hand, inched up 2% in Y-o-Y sales, the Bronx saw a 5% decrease in sales, and Queens stayed consistent.
Overall, 41 NYC neighborhoods reached median sale prices of at least $1 million, and real estate prices regained some of the decreases experienced in 2023, inching up 3% Y-o-Y to a $748,000 median sale price.
Rounding out the top ten of NYC’s most expensive neighborhoods is as follows:
1. Hudson Yards: $7,126,000 median sale price
2. Tribeca: $3,295,000 median sale price
3. SoHo: $3,100,000 median sale price
4. NoHo: $2,963,000 median sale price
5. Central Park South: $2,613,000 median sale price
6. Nolita: $2,400,000 median sale price
7. Hudson Square: $2,111,000 median sale price
8. Carnegie Hill: $2,000,000 median sale price
9. Red Hook: $1,975,000 median sale price
10. NoMad (tied): $1,950,000 median sale price
10. Carroll Gardens (tied): $1,950,000 median sale price
Head to PropertyShark’s website for more.
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