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NYC home prices rise 10% in early 2025, with Manhattan leading and Malba ranking highest in Queens: report

Apr. 29, 2025 By Ethan Marshall

The median sale price across New York City rose 10% year-over-year in the first quarter of 2025, from around $698,000 last year to $768,000 this year, according to a report by the real estate database site PropertyShark. Several Manhattan neighborhoods had the most significant increases over this period of time among the boroughs included in the study (Staten Island is not included), from $999,000 in 2024 to $1.15 million in 2025.