Across the city, the median home sale price inched higher in the second quarter compared to the year before, but two Bronx neighborhoods stood out for having the fastest growth across the Big Apple.
In the second quarter, the city-wide median home sale price, across all property types, was $850,000, a 2.4 percent year-over-year increase, according to an analysis of recorded home sales by TRD Data. However, the second quarter saw fewer deals cross the finish line, about 10,200 compared to just over 10,500 the same period the year before.
Norwood’s home prices grew the most. The neighborhood’s median home price in the second quarter climbed by more than 424 percent to $750,000. Following Norwood was Fieldston, whose second-quarter median of $1.4 million was about 419 percent higher compared to the same time last year.
Both neighborhoods recorded relatively low sales in the second quarter: nine for Norwood and 15 for Fieldston. (TRD Data looked at neighborhoods with at least five deals in both the second quarters of 2025 and 2026; the median number of deals in this sample was 28 in the second quarter of 2026).
Norwood, a largely residential area in the Northwest part of the Bronx, recorded several million-dollar sales of duplexes and triplexes, more than the same time the year before, that helped to drive up the median property price in that neighborhood.
As for Fieldston, the neighborhood recently saw a large handful of deals close in the second quarter for homes that had been sitting on the market for some time, said Aaron Kass, a Compass broker in the area.
For instance, a home at 5000 Iselin Avenue, designed by famed architect Robert A.M. Stern, finally sold for $6.5 million, more than a decade after it was first put on the market.
Fieldston, known for its historic district and tree-lined streets, is unlike other parts of the city where homes fly off the market quickly, Kass said. People tend to move to the area to send their children to the top private schools there or because they are looking for historic homes that are more affordable than other parts of the cities or nearby suburbs.
“It’s just the nature of this neighborhood,” Kass said. “Because the neighborhood is so small, the turnover rate is not as quick as other areas of the city, and when you have a very good quarter like this, it stands out.”
Meanwhile, in Manhattan, the neighborhood around Grand Central station had the borough’s highest year-over-year growth, of about 191 percent. The neighborhood’s median sales price in the second quarter was $3.5 million across 44 deals.
That was also the highest median across the city, marking a huge shift from the year prior, when Grand Central had the 46th-highest median sales price. Helping to drive the surge were four penthouse sales at 520 Fifth Avenue that were all around $11 million.
More analysis on NYC’s housing market in the second quarter can be found in Jonathan Miller’s Housing Notes, which has recently partnered with The Real Deal.