NYC’s median home sale price soared to a record high
 

The battle of the boroughs is over — and Brooklyn just torched Manhattan.
Overall, New York City’s median home price soared to a record $800,000 in the third quarter — up 4% from last year — as Brooklyn stole the spotlight from Manhattan, according to PropertyShark’s latest ranking of the city’s 50 most expensive neighborhoods.
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While Manhattan held firm at a $1.15 million median sale price, sales activity jumped 15% year-over-year. But it was Brooklyn that drove the citywide surge, with median sale values climbing 11% to an all-time high of $916,000.
The borough also edged out Manhattan in the luxury leaderboard, claiming 26 of the top 50 slots, compared with the island’s 19.
Still, Hudson Yards, on Manhattan’s far West Side, kept its crown as the city’s priciest pocket at $4.99 million, fueled by big-ticket trades at 35 and 15 Hudson Yards.
Tribeca followed close behind at $3.77 million, and Soho slipped to No. 3 after a 21% price dip to $3.36 million, dragged down by a slowdown in condo deals.
Rounding out the top five, Hudson Square — a subset of Soho — shot up 43% to $2.65 million, while Cobble Hill held the highest Brooklyn spot at $2.28 million, marking a 24% jump from last year.
Other borough-level standouts included Dumbo ($1.93 million), Fort Greene ($1.9 million), and Boerum Hill, which notched a staggering 304% surge in sales thanks to a new condo project on Bergen Street.
Queens quietly posted a record, too — its median sale price hit $600,000, up 4% year-over-year.
The borough’s big winner was Jamaica Estates, where home prices skyrocketed 144% to $1.25 million, propelled by a wave of single-family house sales. Meanwhile, Malba continued to reign as Queens’ priciest enclave at $1.6 million.
Across the five boroughs, PropertyShark found that that the city closed more than 8,500 transactions in the quarter — up 8% from a year earlier.
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