The Bronx Enters The Top 50 Most Expensive NYC Neighborhoods In Q1 2023

Published on April 26, 2023, 3:09 pm
FavoriteLoadingAdd to favorites 17 secs has just released its report on the top 50 most expensive NYC neighborhoods, an in-depth analysis of the NYC residential market’s performance in the first quarter of 2023. 

Despite cooling citywide market trends, the Bronx achieved a major new milestone as Fieldston claimed a spot among the city’s leading neighborhoods. Fieldston’s 149% YOY median sale price surge — the sharpest price increase among the city’s most exclusive neighborhoods— propelled it to the top 50 from its year-ago position at #140, to now rank as #41. 

Key highlights from the report: 

  • The median sale price in the Bronx’s Fieldston went up from $338K to $840K YOY
  • The Bronx underwent the least drastic transactional slowdown among the four boroughs at 19% YOY
  • Citywide sales decelerated 35% while 46 of NYC’s priciest neighborhoods logged decreases;
  • NYC median sale price dropped by $58,000 YOY as market continued to cool;
  • 31 neighborhoods posted medians of $1M and over, two fewer than in Q1 2022.
Jonas Bronck is the pseudonym under which we publish and manage the content and operations of The Bronx Daily.™ | - the largest daily news publication in the borough of "the" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.