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New York Citysreal estate pricesare going up.
The median sale price is now $770,000, a 3% increase year over year.
Though The Big Apple isnt known for low prices, some neighborhoods are particularly pricey.
Here are the most expensive neighborhoods in New York City, ranked according to a2024 reportby PropertyShark.
This is the first time in eight years that the neighborhood has been the most expensive.
SoHo has overtaken Hudson Yards, the citys previous most expensive neighborhood.
Notably, Hudson Yards didnt even make the list and only had four residential sales during the third quarter.
The current median sale price is $3,898,000 for the neighborhood.
The current median sale price is $1,850,000.
Last year, their median sale price was $2.7 million.
Cobble Hill
Brooklyn enters the list with the Cobble Hill neighborhood.
Cobble Hill saw a 13% increasecompared to last year from $1,625,000 to $1,840,000.
Theatre District
We head back to Manhattan for No.
5 where residents can enjoy easy access to Broadway shows.
The Theatre District saw a 4% increasecompared to last year from $1,713,000 to $1,780,000.
In 2023, the median sale price was $2,167,000 and now its $1,750,000.
Chelsea
This Manhattan neighborhood saw a 35% median sale increase,compared to last year.
In 2023, the median sale price was $1,242,000 and now its $1,680,000.
In addition, Chelsea had themost active sales marketwith 175 transactions in the third quarter.
Dumbo
Dumbo had a 41% decrease in median sale pricecompared to last year.
Median prices dropped from $2,833,000 to $1,667,000.
Carroll Gardens
Brooklyns third most expensive neighborhood saw a 17% median sale increasecompared to last year.
In 2023, the median sale price was $1,390,000 and now its $1,628,000.
Carroll Gardens is also known for exclusivity and has seen residents like Jemima Kirke, according to PropertyClub.
Greenwich Village
At the No.
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