There are still several metros where the median list price is less than $300,000, according to a recent report, and people do not have to sacrifice convenience for cost.
Within easy commuting distance to Midtown Manhattan, this longtime luxury hotspot sees wallets grow in tandem with Wall Street, and 2025 is no different.
Head to affluent Todt Hill, where an 11,000-square-foot property at 176 Benedict Road just took the crown for the most expensive home ever sold in the borough.
Although home values surged over that period, the annual increase in 2024 was driven primarily by higher mortgage costs, insurance fees, and other hidden costs of homeownership.
Wood was a common construction material until the city updated its fire codes -- and now, buyers can live in a relic of a 19th-century past on Dean Street.