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

Written by:
January 25, 2024
Arina P Habich // Shutterstock

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 $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.

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 fastest-growing home prices in the New York-Newark-Jersey City, NY-NJ-PA metro area using data from Zillow. Cities are ranked by their one-year price change as of December 2023.

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Stacker

#30. Greenport, NY

- 1-year price change: +$80,724 (+10.1%)
- 5-year price change: +$339,692 (+62.6%)
- Typical home value: $882,631 (#132 most expensive city in metro)
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Stacker

#29. Bernardsville, NJ

- 1-year price change: +$82,495 (+10.2%)
- 5-year price change: +$228,258 (+34.6%)
- Typical home value: $888,472 (#131 most expensive city in metro)
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Stacker

#28. Clark, NJ

- 1-year price change: +$82,646 (+15.7%)
- 5-year price change: +$176,332 (+40.8%)
- Typical home value: $608,387 (#321 most expensive city in metro)
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Stacker

#27. Saddle River, NJ

- 1-year price change: +$84,525 (+4.7%)
- 5-year price change: +$332,200 (+21.3%)
- Typical home value: $1,892,902 (#20 most expensive city in metro)
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Stacker

#26. Roslyn, NY

- 1-year price change: +$85,274 (+7.2%)
- 5-year price change: +$278,759 (+28.2%)
- Typical home value: $1,265,986 (#51 most expensive city in metro)
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Stacker

#25. Ho Ho Kus, NJ

- 1-year price change: +$85,733 (+8.9%)
- 5-year price change: +$279,817 (+36.2%)
- Typical home value: $1,053,762 (#84 most expensive city in metro)
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Stacker

#24. Skillman, NJ

- 1-year price change: +$85,753 (+10.2%)
- 5-year price change: +$256,488 (+38.1%)
- Typical home value: $929,894 (#115 most expensive city in metro)
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Stacker

#23. Colts Neck Township, NJ

- 1-year price change: +$90,525 (+9.0%)
- 5-year price change: +$358,841 (+48.8%)
- Typical home value: $1,093,732 (#78 most expensive city in metro)
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Stacker

#22. Sea Girt, NJ

- 1-year price change: +$90,782 (+4.9%)
- 5-year price change: +$733,275 (+61.4%)
- Typical home value: $1,927,147 (#17 most expensive city in metro)
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Stacker

#21. Pelham, NY

- 1-year price change: +$92,772 (+9.1%)
- 5-year price change: +$305,551 (+37.8%)
- Typical home value: $1,114,355 (#70 most expensive city in metro)
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Stacker

#20. Dix Hills, NY

- 1-year price change: +$92,773 (+10.4%)
- 5-year price change: +$306,017 (+44.8%)
- Typical home value: $988,758 (#99 most expensive city in metro)
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Stacker

#19. Purchase, NY

- 1-year price change: +$93,062 (+5.3%)
- 5-year price change: +$399,673 (+27.3%)
- Typical home value: $1,861,864 (#22 most expensive city in metro)
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Stacker

#18. Mill Neck, NY

- 1-year price change: +$95,643 (+5.1%)
- 5-year price change: +$467,124 (+31.0%)
- Typical home value: $1,973,271 (#13 most expensive city in metro)
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Stacker

#17. Alpine, NJ

- 1-year price change: +$96,219 (+3.6%)
- 5-year price change: +$399,674 (+16.8%)
- Typical home value: $2,775,922 (#7 most expensive city in metro)
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Stacker

#16. Brielle, NJ

- 1-year price change: +$101,447 (+11.1%)
- 5-year price change: +$390,265 (+62.7%)
- Typical home value: $1,012,523 (#92 most expensive city in metro)
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Stacker

#15. Essex Fells, NJ

- 1-year price change: +$103,870 (+9.2%)
- 5-year price change: +$359,588 (+41.0%)
- Typical home value: $1,237,599 (#56 most expensive city in metro)
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Stacker

#14. Far Hills, NJ

- 1-year price change: +$107,223 (+9.2%)
- 5-year price change: +$295,194 (+30.0%)
- Typical home value: $1,279,028 (#48 most expensive city in metro)
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Stacker

#13. East Hills, NY

- 1-year price change: +$108,838 (+7.7%)
- 5-year price change: +$386,131 (+34.3%)
- Typical home value: $1,513,248 (#36 most expensive city in metro)
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Stacker

#12. Monsey, NY

- 1-year price change: +$112,630 (+11.0%)
- 5-year price change: +$471,854 (+71.3%)
- Typical home value: $1,133,946 (#67 most expensive city in metro)
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Stacker

#11. Millburn, NJ

- 1-year price change: +$115,574 (+12.0%)
- 5-year price change: +$295,773 (+37.8%)
- Typical home value: $1,077,417 (#82 most expensive city in metro)
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Stacker

#10. Fair Haven, NJ

- 1-year price change: +$117,036 (+10.4%)
- 5-year price change: +$445,162 (+56.1%)
- Typical home value: $1,238,330 (#55 most expensive city in metro)
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Stacker

#9. Bridgehampton, NY

- 1-year price change: +$122,696 (+3.3%)
- 5-year price change: +$1,353,901 (+55.5%)
- Typical home value: $3,793,570 (#3 most expensive city in metro)
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Stacker

#8. Ocean Beach, NY

- 1-year price change: +$134,587 (+13.3%)
- 5-year price change: +$467,865 (+69.1%)
- Typical home value: $1,144,699 (#62 most expensive city in metro)
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Stacker

#7. Allenhurst, NJ

- 1-year price change: +$136,949 (+8.2%)
- 5-year price change: +$925,800 (+105.0%)
- Typical home value: $1,807,523 (#28 most expensive city in metro)
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Stacker

#6. Rumson, NJ

- 1-year price change: +$138,101 (+8.2%)
- 5-year price change: +$665,476 (+57.1%)
- Typical home value: $1,830,725 (#27 most expensive city in metro)
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Stacker

#5. Short Hills, NJ

- 1-year price change: +$157,429 (+8.9%)
- 5-year price change: +$494,358 (+34.6%)
- Typical home value: $1,925,131 (#18 most expensive city in metro)
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Stacker

#4. Water Mill, NY

- 1-year price change: +$163,465 (+4.3%)
- 5-year price change: +$1,382,265 (+52.8%)
- Typical home value: $3,999,036 (#2 most expensive city in metro)
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Stacker

#3. Old Westbury, NY

- 1-year price change: +$182,792 (+8.3%)
- 5-year price change: +$563,246 (+30.8%)
- Typical home value: $2,393,539 (#11 most expensive city in metro)
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Stacker

#2. Lawrence, NY

- 1-year price change: +$185,898 (+11.8%)
- 5-year price change: +$667,996 (+60.8%)
- Typical home value: $1,766,306 (#30 most expensive city in metro)
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Stacker

#1. Loch Arbour, NJ

- 1-year price change: +$271,744 (+12.2%)
- 5-year price change: +$667,996 (data not available)
- Typical home value: $2,503,811 (#10 most expensive city in metro)

This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 380 metros.

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