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November 06.2025

2 Minutes Read

Hudson Yards Tops NYC’s Real Estate Market, But What’s Next?

Modern skyscrapers in Hudson Yards reflecting sunlight, blue sky.

Hudson Yards Continues Its Reign as NYC's Costliest Neighborhood

For the third quarter of 2025, Hudson Yards stands undisputed as the pinnacle of New York City’s real estate market, boasting a jaw-dropping median sales price of $4.99 million. This figure, highlighted in a recent report by PropertyShark, reflects the neighborhood's allure and luxury appeal, largely attributed to high-value sales at notable buildings like 35 Hudson Yards and 15 Hudson Yards.

Changing Dynamics in Manhattan Real Estate

While Hudson Yards remains at the forefront, other well-known neighborhoods like Tribeca ($3.77 million) and Soho ($3.36 million) are showing interesting trends. Tribeca experienced a 3% drop in its median price year-over-year, while Soho's prices fell a significant 21%. This decline has been linked to a shift in property types sold, with a growing proportion of smaller and less expensive properties coming onto the market, inviting comparisons with Hudson Yards' luxurious offerings.

An Unusual Absence of Recent Sales

Interestingly, Hudson Yards did not register any sales in the third quarter of 2024, making direct annual comparisons difficult. In contrast, Hudson Square managed a remarkable growth of 34% year over year, reaching a median sale price of $2.65 million as transaction volumes saw a 35% increase. Meanwhile, Brooklyn's Cobble Hill showed its strength, with median prices rising 24% annually. Yet, like Hudson Yards, it faced a drop in the number of transactions, which fell 23% annually.

Where Does This Leave Future Buyers?

The reality for future buyers entering the New York real estate market is that while Hudson Yards may seem unattainable, understanding local trends—like price fluctuations and transaction volumes—is crucial for navigating this competitive landscape. Buyers need to assess their options carefully and remain aware of market shifts that can influence their purchasing decisions.

A Moment to Reflect

The real estate market continually evolves, and while Hudson Yards shines brightly, the shifting dynamics elsewhere are equally significant. For those contemplating their next move in NYC's intricate property landscape, such insights can provide a valuable advantage.

Stay informed about the latest real estate trends to make the best decision for your future.

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Hudson Yards Tops NYC’s Real Estate Market, But What’s Next?

Hudson Yards Continues Its Reign as NYC's Costliest Neighborhood

Changing Dynamics in Manhattan Real Estate

An Unusual Absence of Recent Sales

Where Does This Leave Future Buyers?

A Moment to Reflect

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