In early 2025, NYC's real estate market experienced notable changes, with Hudson Yards maintaining its top position. Little Italy made a surprising return to the second spot, achieving a median sale price of $4.6 million driven by high-value condo transactions. Hudson Square showed impressive growth, propelled by major corporations moving to the area. However, neighborhoods like Flatiron and Chelsea experienced declines, slipping down the rankings. The overall NYC real estate market reported increased sales and prices, reflecting a revitalized luxury market in Manhattan and competitive pricing in Brooklyn.
The first three months of 2025 brought a bit of a shakeup to New York City's most expensive neighborhoods.
Hudson Yards held on to the crown, while Little Italy reappeared to claim the No. 2 title on Property Shark's quarterly report.
Little Italy's comeback was fueled by pricey condo deals, including $8 million sales at 32 Prince Street and the Puck Building.
The report comes after both Manhattan and Brooklyn logged a banner first quarter, with Manhattan's luxury market boosting sales in the borough.
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