Queens accounted for ten of the 50 most expensive New York City neighborhoods to reside in 2024, according to a report by the real estate data site PropertyShark.
Despite the borough’s prevalence on the list, none of its neighborhoods ranked among the top ten most expensive neighborhoods. Hunters Point ranked the highest, in 31st place. It was the only Queens neighborhood to have a median sales price higher than $1 million, at $1.167 million. However, this represented a 1% decrease from the $1.179 million median sales price in 2023. This was also the only Queens neighborhood on the list to have a decline in its median sales price from the previous year.
East Flushing had the biggest jump among Queens neighborhoods from the previous year. After being ranked 102nd in 2023, this neighborhood climbed all the way to 50th place in 2024, thanks to a 46% increase in the median sales price over this period of time, from $601,000 to $880,000.
The other Queens neighborhoods to make the top 50 included Queensboro Hill and Fresh Meadows in a tie for 40th place with a $980,000 median sales price, Hollis Hills in 41st with a $975,000 median sales price, Bayside in 42nd with a $970,000 median sales price, Auburndale in the 43rd spot with a $960,000 median sales price, Rockwood Park and Belle Harbor tied in for 47th place with a median sales price of $930,000 and Ditmars–Steinway at 48th with a $925,000 median sales price.
Two notable Queens neighborhoods that did not appear among the top 50 for 2024 were Malba and Neponsit. While both neighborhoods have regularly had median sales prices above $1 million in recent years, they were omitted from the list in 2024 due to an insufficient number of sales. PropertyShark only tracked neighborhoods that had at least 15 sales in 2024, and Malba and Neponsit failed to reach that number.
The median sales prices for the neighborhoods included in the study were reached based upon the residential property sales recorded on the Automated City Register Information System (ACRIS) from Jan. 1, 2024, to Dec. 31, 2024. These prices were rounded to the nearest $1,000. Staten Island neighborhoods and those across the other boroughs with fewer than 15 sales were excluded from the study.
