Prices Rise in 32 of NYC’s Leading Neighborhoods as City and Manhattan Hit Record Highs

According to a recent PropertyShark report, the New York City real estate market reached a record-breaking median sale price in the second quarter of 2026. While Manhattan crossed its own historic peak at $1.28 million, Brooklyn followed closely with a median price of $899,000, representing a 6% year-over-year increase. Despite the rising costs, transactional activity in Brooklyn grew by 7% during the same period.

Several Brooklyn neighborhoods maintained high positions in the city's top 50 rankings. Carroll Gardens emerged as a leader, doubling its year-over-year median to $2.68 million and marking its third consecutive quarter above the $2 million threshold. Other high-performing local areas included the Columbia Street Waterfront District at $1.88 million and DUMBO at $1.83 million.

Summary by Dispatch AI — read the full story at Propertyshark.