West Village Named Among NYC's Most Expensive Neighborhoods

West Village NY

18 October, 2021

4:08 PM

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WEST VILLAGE, NY — While the West Village was outranked by other Lower Manhattan enclaves in a new list of New York City's most expensive neighborhoods, the community still registered as the 15th priciest neighborhood in the five boroughs. The PropertyShark study released in October ranked NYC neighborhoods by median home sale price in the third quarter of 2021. West Village notched the 15th priciest neighborhood with a median home sale price of $1,298,000, which is down 2 percent from the same time last year. There has, however, been a major jump in the number of homes sold in the neighborhood. In the third quarter of 2021, there were 101 West Village home sales — up an eye-catching 226 percent from the same quarter last year. The jump in home sales matches a citywide pattern that saw transactions up 145 percent from last year during the height of the pandemic and up 35 percent from the same period in 2019. "(Forty-two) of the 57 neighborhoods in our ranking of the priciest neighborhoods in the city experienced double-digit year-over-year gains in sales activity," the study states. West Village's 101 home sales in the third quarter of 2021 was also the 17th most of any neighborhood in New York City. Greenwich Village was one of the neighborhoods to see more home sales — registering 186 in Q3 — up 195 percent year over year. Here are the overall 15 most expensive neighborhoods in New York City. In total, nine of the 15 most expensive neighborhoods in the five boroughs are in Lower Manhattan. Hudson Yards — $4.35 millionTriBeCa — $3.35 millionSoHo — $2.85 millionLittle Italy — $2.5 millionHudson Square — $2.03 millionDUMBO — $1.82 millionFlatiron — $1.77 millionBattery Park City — $1.75 millionFiske Terrace — $1.65 millionCarroll Gardens — $1.60 millionVinegar Hill — $1.54 millionTimes Square — $1.52 millionCobble Hill — $Chelsea $1.30 millionGarment District — 1.29 millionWest Village — 1.29 millionRead the study and see the full list here.