The median home value in New York, NY is currently $795,968, reflecting a 3.5% increase over the past year. Homes typically go to pending status in approximately 59 days.
The New York City housing market has shown a dynamic and diverse range of changes in median home values over the past year, with some neighborhoods experiencing sharp increases while others saw slight to moderate declines. Based on ZIP code-level data from Zillow Home Value Index data April 2024 to April 2025, the city’s real estate market paints a complex picture of recovery, stabilization, and shifting demand.
Manhattan remains the borough with the highest median home values. ZIP code 10013 (SoHo/Tribeca) holds the top spot with a staggering median value of $3.4 million, despite modest growth of 1.1%. On the other hand, 10006 saw values drop by 3.8%, likely due to ongoing shifts in commercial space usage and post-pandemic adjustments.
Notably, ZIP code 10025 (Upper West Side) surged by 10.4%, suggesting renewed interest in family-sized units and access to green space in areas like Riverside Park.
Brooklyn neighborhoods continue their strong performance. Areas like 11235 (Brighton Beach) recorded the second-highest growth citywide at 8.2%, likely driven by renewed interest in waterfront properties.
Other high-growth ZIP codes include 11204 (Bensonhurst) with a 5.9% rise and 11230 (Midwood) with a 5.4% gain, pointing to the strength of Brooklyn’s middle-market housing.
Queens saw steady gains across the board. Eastern neighborhoods like 11436 (South Jamaica) saw a sharp rise of 7.4%, while 11362 (Little Neck) and 11040 (Floral Park) followed closely with increases of 6.7%. ZIP code 11368 (Corona), however, declined slightly by 0.3%, indicating potential cooling in some of the borough’s previously high-growth areas.
While the Bronx remains the most affordable borough, several areas are seeing fast appreciation. ZIP code 10037 (Central Harlem, overlapping the Bronx/Manhattan border) rose by 10.6%, and 10032 (Washington Heights) climbed by 9.6%.
However, some parts of the Bronx such as 10453 (-3.4%) and 10467 (-3.5%) experienced declines, which may be linked to inventory increases or affordability ceilings being tested.
Staten Island showed reliable, moderate growth. ZIP codes like 10301 and 10309 saw gains between 2.6% and 4.6%. Its affordability and suburban feel continue to attract families priced out of Brooklyn and Manhattan.
