Cities with the fastest-growing home prices in the New York City metro area

Written by:
November 22, 2024
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Cities with the fastest-growing home prices in the New York City metro area

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $358,761 in November, 2.3% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the most expensive homes in the New York-Newark-Jersey City, NY-NJ-PA metro area using data from Zillow. Charts show the monthly typical home value since January 2018.

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Stacker

#30. Rumson, NJ

- 1-year price change: +$141,087 (+7.6%)
- 5-year price change: +$813,465 (+68.2%)
- Typical home value: $2,005,775 (#25 most expensive city in metro)

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#29. Manhasset, NY

- 1-year price change: +$145,925 (+8.0%)
- 5-year price change: +$467,306 (+31.0%)
- Typical home value: $1,972,402 (#27 most expensive city in metro)

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#28. Long Beach Township, NJ

- 1-year price change: +$149,158 (+9.0%)
- 5-year price change: +$812,151 (+81.7%)
- Typical home value: $1,806,821 (#33 most expensive city in metro)

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#27. Ocean Beach, NY

- 1-year price change: +$149,823 (+12.8%)
- 5-year price change: +$552,671 (+71.6%)
- Typical home value: $1,324,822 (#59 most expensive city in metro)

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#26. Saddle River, NJ

- 1-year price change: +$151,760 (+7.9%)
- 5-year price change: +$538,093 (+35.1%)
- Typical home value: $2,069,484 (#21 most expensive city in metro)

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#25. East Hills, NY

- 1-year price change: +$152,716 (+10.4%)
- 5-year price change: +$527,398 (+47.9%)
- Typical home value: $1,627,668 (#38 most expensive city in metro)

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#24. Dix Hills, NY

- 1-year price change: +$152,815 (+16.6%)
- 5-year price change: +$405,278 (+60.6%)
- Typical home value: $1,074,589 (#102 most expensive city in metro)

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#23. Muttontown, NY

- 1-year price change: +$154,350 (+7.8%)
- 5-year price change: +$545,608 (+34.5%)
- Typical home value: $2,125,203 (#15 most expensive city in metro)

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Stacker

#22. Barnegat Light, NJ

- 1-year price change: +$157,134 (+12.2%)
- 5-year price change: +$603,107 (+71.7%)
- Typical home value: $1,443,694 (#48 most expensive city in metro)

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#21. Purchase, NY

- 1-year price change: +$158,395 (+8.4%)
- 5-year price change: +$600,222 (+41.3%)
- Typical home value: $2,054,589 (#22 most expensive city in metro)

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#20. Harvey Cedars, NJ

- 1-year price change: +$164,290 (+9.2%)
- 5-year price change: +$841,855 (+75.6%)
- Typical home value: $1,956,070 (#29 most expensive city in metro)

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#19. Allenhurst, NJ

- 1-year price change: +$165,693 (+9.1%)
- 5-year price change: +$1,074,740 (+117.3%)
- Typical home value: $1,991,320 (#26 most expensive city in metro)

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#18. Shelter Island, NY

- 1-year price change: +$176,987 (+11.9%)
- 5-year price change: +$1,074,740 (data not available)
- Typical home value: $1,669,178 (#36 most expensive city in metro)

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#17. Mill Neck, NY

- 1-year price change: +$177,395 (+9.3%)
- 5-year price change: +$632,460 (+43.7%)
- Typical home value: $2,079,479 (#20 most expensive city in metro)

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#16. Lawrence, NY

- 1-year price change: +$183,401 (+10.6%)
- 5-year price change: +$824,041 (+75.2%)
- Typical home value: $1,920,276 (#31 most expensive city in metro)

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#15. Laurel Hollow, NY

- 1-year price change: +$184,885 (+9.8%)
- 5-year price change: +$645,924 (+45.0%)
- Typical home value: $2,081,021 (#19 most expensive city in metro)

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#14. Short Hills, NJ

- 1-year price change: +$192,392 (+10.0%)
- 5-year price change: +$749,694 (+55.1%)
- Typical home value: $2,110,286 (#17 most expensive city in metro)

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#13. Alpine, NJ

- 1-year price change: +$196,710 (+7.7%)
- 5-year price change: +$741,265 (+36.9%)
- Typical home value: $2,750,479 (#9 most expensive city in metro)

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#12. Oyster Bay Cove, NY

- 1-year price change: +$199,352 (+10.4%)
- 5-year price change: +$698,281 (+49.5%)
- Typical home value: $2,108,050 (#18 most expensive city in metro)

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#11. Sands Point, NY

- 1-year price change: +$199,516 (+7.3%)
- 5-year price change: +$776,117 (+36.1%)
- Typical home value: $2,927,520 (#7 most expensive city in metro)

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Stacker

#10. Mantoloking, NJ

- 1-year price change: +$201,752 (+12.2%)
- 5-year price change: +$786,118 (+73.3%)
- Typical home value: $1,858,569 (#32 most expensive city in metro)

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#9. Bay Head, NJ

- 1-year price change: +$220,955 (+11.4%)
- 5-year price change: +$845,220 (+64.4%)
- Typical home value: $2,157,570 (#13 most expensive city in metro)

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#8. Old Westbury, NY

- 1-year price change: +$232,530 (+9.6%)
- 5-year price change: +$862,798 (+48.2%)
- Typical home value: $2,653,204 (#11 most expensive city in metro)

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#7. Sea Girt, NJ

- 1-year price change: +$233,309 (+12.4%)
- 5-year price change: +$965,852 (+84.2%)
- Typical home value: $2,112,580 (#16 most expensive city in metro)

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#6. Loch Arbour, NJ

- 1-year price change: +$240,825 (+9.6%)
- 5-year price change: +$965,852 (data not available)
- Typical home value: $2,740,215 (#10 most expensive city in metro)

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Stacker

#5. Bridgehampton, NY

- 1-year price change: +$242,916 (+6.4%)
- 5-year price change: +$1,435,919 (+55.3%)
- Typical home value: $4,032,711 (#3 most expensive city in metro)

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#4. Upper Brookville, NY

- 1-year price change: +$245,825 (+11.8%)
- 5-year price change: +$725,504 (+45.3%)
- Typical home value: $2,328,446 (#12 most expensive city in metro)

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#3. Water Mill, NY

- 1-year price change: +$271,642 (+6.7%)
- 5-year price change: +$1,522,587 (+54.0%)
- Typical home value: $4,342,325 (#2 most expensive city in metro)

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#2. Deal, NJ

- 1-year price change: +$332,711 (+9.8%)
- 5-year price change: +$1,893,831 (+103.7%)
- Typical home value: $3,720,915 (#4 most expensive city in metro)

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#1. Sagaponack, NY

- 1-year price change: +$576,773 (+9.6%)
- 5-year price change: +$2,304,700 (+54.2%)
- Typical home value: $6,560,830 (#1 most expensive city in metro)

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