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

·Stacker

Volodymyr Kyrylyuk // Shutterstock
Volodymyr Kyrylyuk // Shutterstock

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 $369,678 in August, 1.3% 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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#30. Spring Lake, NJ

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#30. Spring Lake, NJ

- 1-year price change: +$214,239 (+16.3%)
- 5-year price change: +$549,383 (+56.0%)
- Typical home value: $1,529,581 (#57 most expensive city in metro)

#29. Barnegat Light, NJ

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#29. Barnegat Light, NJ

- 1-year price change: +$215,373 (+14.2%)
- 5-year price change: +$556,244 (+47.4%)
- Typical home value: $1,729,869 (#44 most expensive city in metro)

#28. Manhasset, NY

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#28. Manhasset, NY

- 1-year price change: +$217,877 (+10.3%)
- 5-year price change: +$613,465 (+35.7%)
- Typical home value: $2,333,553 (#24 most expensive city in metro)

#27. Mantoloking, NJ

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#27. Mantoloking, NJ

- 1-year price change: +$221,365 (+11.7%)
- 5-year price change: +$654,150 (+44.8%)
- Typical home value: $2,115,655 (#31 most expensive city in metro)

#26. Long Beach Township, NJ

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#26. Long Beach Township, NJ

- 1-year price change: +$224,804 (+11.9%)
- 5-year price change: +$682,453 (+47.6%)
- Typical home value: $2,114,741 (#32 most expensive city in metro)

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#25. Beach Haven, NJ

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#25. Beach Haven, NJ

- 1-year price change: +$226,160 (+14.8%)
- 5-year price change: +$578,328 (+49.0%)
- Typical home value: $1,758,127 (#41 most expensive city in metro)

#24. Great River, NY

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#24. Great River, NY

- 1-year price change: +$229,131 (+25.0%)
- 5-year price change: +$418,521 (+57.6%)
- Typical home value: $1,144,690 (#115 most expensive city in metro)

#23. Surf City, NJ

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#23. Surf City, NJ

- 1-year price change: +$238,487 (+15.9%)
- 5-year price change: +$514,677 (+42.0%)
- Typical home value: $1,741,400 (#43 most expensive city in metro)

#22. Laurel Hollow, NY

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#22. Laurel Hollow, NY

- 1-year price change: +$243,315 (+11.3%)
- 5-year price change: +$731,743 (+44.0%)
- Typical home value: $2,396,353 (#19 most expensive city in metro)

#20. Lawrence, NY

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#20. Lawrence, NY

- 1-year price change: +$254,083 (+12.7%)
- 5-year price change: +$872,515 (+62.9%)
- Typical home value: $2,259,331 (#28 most expensive city in metro)

#19. Waccabuc, NY

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#19. Waccabuc, NY

- 1-year price change: +$254,142 (+17.4%)
- 5-year price change: +$110,952 (+6.9%)
- Typical home value: $1,715,542 (#46 most expensive city in metro)

#18. Muttontown, NY

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#18. Muttontown, NY

- 1-year price change: +$254,303 (+11.4%)
- 5-year price change: +$735,951 (+42.0%)
- Typical home value: $2,489,881 (#15 most expensive city in metro)

#17. Oyster Bay Cove, NY

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#17. Oyster Bay Cove, NY

- 1-year price change: +$267,581 (+12.2%)
- 5-year price change: +$806,445 (+48.8%)
- Typical home value: $2,458,350 (#16 most expensive city in metro)

#16. Rumson, NJ

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#16. Rumson, NJ

- 1-year price change: +$276,968 (+13.2%)
- 5-year price change: +$803,755 (+51.1%)
- Typical home value: $2,377,522 (#21 most expensive city in metro)

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#15. Ocean Beach, NY

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#15. Ocean Beach, NY

- 1-year price change: +$276,998 (+21.2%)
- 5-year price change: +$585,909 (+58.6%)
- Typical home value: $1,585,522 (#51 most expensive city in metro)

#14. Upper Brookville, NY

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#14. Upper Brookville, NY

- 1-year price change: +$282,980 (+11.3%)
- 5-year price change: +$920,560 (+49.2%)
- Typical home value: $2,790,733 (#12 most expensive city in metro)

#13. Saddle River, NJ

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#13. Saddle River, NJ

- 1-year price change: +$284,993 (+13.3%)
- 5-year price change: +$756,545 (+45.1%)
- Typical home value: $2,432,200 (#17 most expensive city in metro)

#12. Allenhurst, NJ

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#12. Allenhurst, NJ

- 1-year price change: +$297,118 (+14.1%)
- 5-year price change: +$1,068,453 (+79.8%)
- Typical home value: $2,407,680 (#18 most expensive city in metro)

#11. Harvey Cedars, NJ

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#11. Harvey Cedars, NJ

- 1-year price change: +$309,091 (+15.3%)
- 5-year price change: +$723,258 (+45.1%)
- Typical home value: $2,327,180 (#25 most expensive city in metro)

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#10. Bridgehampton, NY

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#10. Bridgehampton, NY

- 1-year price change: +$312,670 (+7.0%)
- 5-year price change: +$1,403,916 (+41.3%)
- Typical home value: $4,805,303 (#3 most expensive city in metro)

#9. Water Mill, NY

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#9. Water Mill, NY

- 1-year price change: +$355,906 (+8.0%)
- 5-year price change: +$1,474,934 (+44.0%)
- Typical home value: $4,828,550 (#2 most expensive city in metro)

#8. Sands Point, NY

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#8. Sands Point, NY

- 1-year price change: +$361,445 (+11.8%)
- 5-year price change: +$1,055,241 (+44.5%)
- Typical home value: $3,427,670 (#6 most expensive city in metro)

#7. Old Westbury, NY

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#7. Old Westbury, NY

- 1-year price change: +$369,873 (+13.6%)
- 5-year price change: +$1,084,625 (+54.3%)
- Typical home value: $3,080,704 (#10 most expensive city in metro)

#6. Loch Arbour, NJ

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#6. Loch Arbour, NJ

- 1-year price change: +$380,209 (+13.8%)
- 5-year price change: +$1,364,154 (+77.3%)
- Typical home value: $3,129,853 (#9 most expensive city in metro)

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#5. Alpine, NJ

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#5. Alpine, NJ

- 1-year price change: +$385,389 (+13.4%)
- 5-year price change: +$1,002,008 (+44.3%)
- Typical home value: $3,261,624 (#7 most expensive city in metro)

#4. Sea Girt, NJ

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#4. Sea Girt, NJ

- 1-year price change: +$409,543 (+18.9%)
- 5-year price change: +$1,063,541 (+70.2%)
- Typical home value: $2,578,846 (#14 most expensive city in metro)

#3. Bay Head, NJ

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#3. Bay Head, NJ

- 1-year price change: +$486,688 (+22.3%)
- 5-year price change: +$887,869 (+49.9%)
- Typical home value: $2,668,541 (#13 most expensive city in metro)

#2. Sagaponack, NY

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#2. Sagaponack, NY

- 1-year price change: +$560,326 (+7.6%)
- 5-year price change: +$2,378,602 (+42.8%)
- Typical home value: $7,933,542 (#1 most expensive city in metro)

#1. Deal, NJ

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#1. Deal, NJ

- 1-year price change: +$671,834 (+17.2%)
- 5-year price change: +$1,863,104 (+68.7%)
- Typical home value: $4,574,213 (#4 most expensive city in metro)

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