Cities With the Fastest-growing Home Prices in the New York City Metro Area

Konstantin L // 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 $362,143 in August, 2.5% 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.

You may also like: What are the most common degrees in Manhattan?

1 / 30

Stacker

#30. Dix Hills, NY

- 1-year price change: +$133,160 (+14.3%)
- 5-year price change: +$357,610 (+50.6%)
- Typical home value: $1,064,154 (#102 most expensive city in metro)

2 / 30

Stacker

#29. Woodbury, NY

- 1-year price change: +$133,886 (+11.0%)
- 5-year price change: +$384,255 (+39.9%)
- Typical home value: $1,347,776 (#51 most expensive city in metro)

3 / 30

Stacker

#28. Roslyn, NY

- 1-year price change: +$143,325 (+11.7%)
- 5-year price change: +$378,891 (+38.4%)
- Typical home value: $1,364,419 (#47 most expensive city in metro)

4 / 30

Stacker

#27. Monsey, NY

- 1-year price change: +$143,838 (+13.4%)
- 5-year price change: +$490,303 (+67.5%)
- Typical home value: $1,216,208 (#71 most expensive city in metro)

5 / 30

Stacker

#26. Far Hills, NJ

- 1-year price change: +$147,377 (+12.4%)
- 5-year price change: +$419,511 (+46.0%)
- Typical home value: $1,332,365 (#55 most expensive city in metro)

You may also like: How gas prices have changed in New York City in the last week

6 / 30

Stacker

#25. Rumson, NJ

- 1-year price change: +$148,142 (+8.0%)
- 5-year price change: +$801,554 (+66.3%)
- Typical home value: $2,011,198 (#23 most expensive city in metro)

7 / 30

Stacker

#24. Essex Fells, NJ

- 1-year price change: +$148,798 (+12.5%)
- 5-year price change: +$463,701 (+52.9%)
- Typical home value: $1,340,684 (#53 most expensive city in metro)

8 / 30

Stacker

#23. Ocean Beach, NY

- 1-year price change: +$154,419 (+14.3%)
- 5-year price change: +$509,893 (+70.3%)
- Typical home value: $1,235,348 (#65 most expensive city in metro)

9 / 30

Stacker

#22. Mantoloking, NJ

- 1-year price change: +$155,161 (+8.6%)
- 5-year price change: +$789,438 (+68.0%)
- Typical home value: $1,949,594 (#25 most expensive city in metro)

10 / 30

Stacker

#21. Purchase, NY

- 1-year price change: +$167,194 (+8.8%)
- 5-year price change: +$545,282 (+35.9%)
- Typical home value: $2,062,082 (#20 most expensive city in metro)

You may also like: Highest-rated ice cream shops in New York City by diners

11 / 30

Stacker

#20. Alpine, NJ

- 1-year price change: +$169,154 (+6.1%)
- 5-year price change: +$721,509 (+32.3%)
- Typical home value: $2,955,340 (#6 most expensive city in metro)

12 / 30

Stacker

#19. Muttontown, NY

- 1-year price change: +$170,630 (+8.9%)
- 5-year price change: +$496,486 (+31.1%)
- Typical home value: $2,093,948 (#15 most expensive city in metro)

13 / 30

Stacker

#18. Harvey Cedars, NJ

- 1-year price change: +$172,533 (+9.8%)
- 5-year price change: +$819,369 (+73.1%)
- Typical home value: $1,940,757 (#27 most expensive city in metro)

14 / 30

Stacker

#17. Water Mill, NY

- 1-year price change: +$174,033 (+4.2%)
- 5-year price change: +$1,360,236 (+46.4%)
- Typical home value: $4,289,039 (#2 most expensive city in metro)

15 / 30

Stacker

#16. Laurel Hollow, NY

- 1-year price change: +$179,357 (+9.6%)
- 5-year price change: +$592,658 (+40.6%)
- Typical home value: $2,052,100 (#22 most expensive city in metro)

You may also like: Highest-rated Southern restaurants in New York City by diners

16 / 30

Stacker

#15. East Hills, NY

- 1-year price change: +$179,673 (+12.1%)
- 5-year price change: +$516,749 (+45.2%)
- Typical home value: $1,661,201 (#34 most expensive city in metro)

17 / 30

Stacker

#14. Sands Point, NY

- 1-year price change: +$180,170 (+6.5%)
- 5-year price change: +$711,397 (+31.7%)
- Typical home value: $2,953,995 (#7 most expensive city in metro)

18 / 30

Stacker

#13. Allenhurst, NJ

- 1-year price change: +$181,168 (+10.4%)
- 5-year price change: +$1,034,382 (+115.6%)
- Typical home value: $1,929,464 (#28 most expensive city in metro)

19 / 30

Stacker

#12. Bay Head, NJ

- 1-year price change: +$183,073 (+9.5%)
- 5-year price change: +$808,739 (+62.3%)
- Typical home value: $2,106,291 (#14 most expensive city in metro)

20 / 30

Stacker

#11. Mill Neck, NY

- 1-year price change: +$196,113 (+10.2%)
- 5-year price change: +$592,440 (+38.8%)
- Typical home value: $2,120,045 (#13 most expensive city in metro)

You may also like: Recently opened restaurants in the New York City area

21 / 30

Stacker

#10. Oyster Bay Cove, NY

- 1-year price change: +$201,935 (+10.7%)
- 5-year price change: +$661,638 (+46.5%)
- Typical home value: $2,085,390 (#16 most expensive city in metro)

22 / 30

Stacker

#9. Lawrence, NY

- 1-year price change: +$210,066 (+12.3%)
- 5-year price change: +$805,576 (+72.5%)
- Typical home value: $1,916,809 (#29 most expensive city in metro)

23 / 30

Stacker

#8. Short Hills, NJ

- 1-year price change: +$211,918 (+11.3%)
- 5-year price change: +$686,603 (+49.2%)
- Typical home value: $2,081,007 (#17 most expensive city in metro)

24 / 30

Stacker

#7. Bridgehampton, NY

- 1-year price change: +$213,440 (+5.6%)
- 5-year price change: +$1,320,648 (+48.5%)
- Typical home value: $4,042,319 (#3 most expensive city in metro)

25 / 30

Stacker

#6. Sea Girt, NJ

- 1-year price change: +$219,640 (+11.9%)
- 5-year price change: +$907,055 (+78.3%)
- Typical home value: $2,065,942 (#19 most expensive city in metro)

You may also like: Most expensive homes for sale in New York City

26 / 30

Stacker

#5. Upper Brookville, NY

- 1-year price change: +$220,230 (+10.6%)
- 5-year price change: +$657,506 (+39.9%)
- Typical home value: $2,306,800 (#12 most expensive city in metro)

27 / 30

Stacker

#4. Loch Arbour, NJ

- 1-year price change: +$226,330 (+9.4%)
- 5-year price change: +$657,506 (data not available)
- Typical home value: $2,646,192 (#10 most expensive city in metro)

28 / 30

Stacker

#3. Deal, NJ

- 1-year price change: +$239,041 (+7.0%)
- 5-year price change: +$1,844,497 (+101.2%)
- Typical home value: $3,666,663 (#4 most expensive city in metro)

29 / 30

Stacker

#2. Old Westbury, NY

- 1-year price change: +$289,045 (+12.6%)
- 5-year price change: +$770,802 (+42.5%)
- Typical home value: $2,585,272 (#11 most expensive city in metro)

30 / 30

Stacker

#1. Sagaponack, NY

- 1-year price change: +$441,396 (+7.2%)
- 5-year price change: +$2,065,149 (+45.8%)
- Typical home value: $6,570,400 (#1 most expensive city in metro)

You may also like: How much travel nurses earn in New York, New York