New York City real estate in 2024 took us on quite the journey — dare we say, a hero’s journey? From offering market insights to carrying out advocacy efforts to improve housing affordability, transparency, and consumer knowledge, StreetEasy® has kept a keen eye on the NYC market and empowered its participants. All the while, we’ve helped thousands of New Yorkers buy, sell, or rent their dream home in the city, whether it’s through our detailed listings, helping buyers purchase with confidence, or connecting home shoppers with a skilled agent to guide them through the process.
As we head into another year of unlocking NYC’s best real estate, let’s take a look back at the epic odyssey that was 2024. What were the amenities buyers and renters couldn’t live without? Which neighborhoods were the talk of the town? When did New Yorkers do the most dreaming of their next place? Here’s a glance at the year and all its twists, turns, and trends.
Table of Contents
Activity
Amenities
Most-Searched Amenities
Up-and-Coming Amenities
Neighborhoods
Most-Searched Neighborhoods
Most Expensive Neighborhoods
Most Inventory Growth
Activity
Busiest day of the year on StreetEasy
July 8, 2024 (rentals)
September 1, 2024 (sales)
Day with most open houses
September 22, 2024 (sales)
4,967 open houses scheduled
Amenities
This year, across the nation, home shoppers on Zillow dreamt of homes where they could connect with nature. Words like “lake,” “cabin,” “ranch,” and “acreage” were among the top 10 most-searched using Zillow’s AI-powered natural language search tool. Intrigued? Check out the Zillow Wrapped report for more national trends in real estate and consumer behavior seen in 2024.
Meanwhile, for many New Yorkers, what’s inside their apartment building is just as important as what’s outside it. This year’s renters and buyers sought amenities that meant they could do more without leaving home — a trend we believe will continue in 2025.
As a reminder, you can filter your StreetEasy search for specific amenities. Just go to the Amenities dropdown and select the ones you want. Toggle on “Must-have” for any amenities you can’t live without.
Most-Searched Amenities
The following were the most-searched amenities on StreetEasy for rentals in 2024:
1. In-unit laundry
2. Dishwasher
3. Pets allowed
4. Laundry in building
5. Elevator
And for sales:
1. In-unit laundry
2. Elevator
3. Doorman
4. Pets allowed
5. Private outdoor space
Up-and-Coming Amenities
Among rental listings, the following amenities had the biggest year-over-year increases in search volume from 2023 to 2024:
Pets allowed | +200% |
Outdoor space | +128% |
Pool | +61% |
Parking | +23% |
Central air conditioning | +21% |
And among sales listings:
Outdoor space | +97% |
Pool | +66% |
Sublets allowed | +10% |
In-unit laundry | +9% |
Parking | +6% |
Hey pet parents! Zillow® predicts that in 2025, pet-friendliness will become a non-negotiable for rental properties. Among the 58% of renters nationwide who have a pet — up from 46% prior to the pandemic — nearly half said they passed on a rental because it was not pet-friendly.
Neighborhoods
There’s no New York without its neighborhoods. Year after year a few quintessential nabes stand the test of time, while others surprise us in their popularity, growth, and prices. Here are the neighborhoods that saw the most searches, added the most inventory, and fetched the highest price tags in 2024.
Most-Searched Neighborhoods
The following were the most-searched neighborhoods on StreetEasy for rentals in 2024:
1. Midtown East, Manhattan
2. West Village, Manhattan
3. Williamsburg, Brooklyn (+1)
4. Greenwich Village, Manhattan (-1)
5. Chelsea, Manhattan
6. SoHo, Manhattan
7. Midtown West, Manhattan
8. Flatiron District, Manhattan
9. Gramercy Park, Manhattan
10. Tribeca, Manhattan (+1)
Numbers in parentheses indicate a change in ranking from the previous year.
And for sales:
1. Upper East Side, Manhattan (+2)
2. Midtown East, Manhattan (-1)
3. West Village, Manhattan (-1)
4. Greenwich Village, Manhattan
5. Park Slope, Brooklyn (+1)
6. Chelsea, Manhattan (-1)
7. Brooklyn Heights, Brooklyn
8. SoHo, Manhattan
9. Upper West Side, Manhattan (+1)
10. Tribeca, Manhattan (-1)
Numbers in parentheses indicate a change in ranking from the previous year.
Get to know the nabes! StreetEasy’s Know the Neighborhood video series features episodes on four of this year’s noteworthy nabes — among many others. Find out what it’s like to live there from residents and local real estate experts, including neighborhood highlights and tips for buying or renting.
Most Expensive Neighborhoods
These neighborhoods had the highest median asking rents in 2024:
1. Tribeca, Manhattan
2. SoHo, Manhattan
3. Flatiron District, Manhattan
4. DUMBO, Brooklyn
5. Battery Park City, Manhattan
6. Chelsea, Manhattan
7. West Village, Manhattan
8. Midtown South, Manhattan
9. Midtown, Manhattan
10. Greenwich Village, Manhattan
$8,295 (+1% year-over-year)
$6,100 (+14%)
$5,900 (+4%)
$5,750 (+1%)
$5,400 (+3%)
$5,240 (+5%)
$5,000 (+2%)
$4,900 (+4%)
$4,825 (+1%)
$4,800 (+2%)
These neighborhoods had the highest median asking prices in 2024:
1. SoHo, Manhattan
2. Tribeca, Manhattan
3. Carroll Gardens, Brooklyn
4. Cobble Hill, Brooklyn
5. Flatiron District, Manhattan
6. Midtown, Manhattan
7. Chelsea, Manhattan
8. Boerum Hill, Brooklyn
9. DUMBO, Brooklyn
10. Park Slope, Brooklyn
$4,200,000 (-2% year-over-year)
$3,995,000 (0%)
$2,650,000 (+10%)
$2,499,500 (+16%)
$2,495,000 (-3%)
$2,450,000 (+2%)
$2,150,000 (-2%)
$2,085,000 (-10%)
$1,999,500 (0%)
$1,750,000 (+9%)
Most Inventory Growth
The following neighborhoods had the largest growth in rental inventory in 2024:
Year-Over-Year Inventory Growth | Total Rental Inventory | |
1. DUMBO, Brooklyn | 82% | 1,104 |
2. Mott Haven, Bronx | 63% | 2,653 |
3. Greenpoint, Brooklyn | 36% | 3,871 |
4. East Flatbush, Brooklyn | 32% | 1,980 |
5. Prospect Lefferts Gardens, Brooklyn | 25% | 1,807 |
6. Williamsburg, Brooklyn | 20% | 11,866 |
7. Bushwick, Brooklyn | 18% | 11,469 |
8. Astoria, Queens | 18% | 9,428 |
9. Long Island City, Queens | 15% | 5,758 |
10. Ridgewood, Queens | 15% | 2,082 |
And in sales inventory:
Year-Over-Year Inventory Growth | Total Sales Inventory | |
1. Astoria, Queens | 26% | 941 |
2. Greenpoint, Brooklyn | 17% | 323 |
3. Midtown, Manhattan | 16% | 922 |
4. Williamsburg, Brooklyn | 13% | 675 |
5. Bushwick, Brooklyn | 9% | 414 |
6. Woodside, Queens | 9% | 332 |
7. Park Slope, Brooklyn | 8% | 642 |
8. Washington Heights, Manhattan | 7% | 442 |
9. SoHo, Manhattan | 6% | 417 |
10. Gravesend, Brooklyn | 6% | 525 |
Whatever 2025 has in store for you — whether you’re thinking of buying, selling, renting, or continuing to live in NYC for years to come — we hope you take the next step in your journey with StreetEasy.
Bon voyage!
To allow for publishing by year end, all data cited in this article is based on the time frame of January-November 2024.
StreetEasy is an assumed name of Zillow, Inc. which has a real estate brokerage license in all 50 states and D.C. See real estate licenses. StreetEasy Concierge team members are real estate licensees, however they are not your agents or providing real estate brokerage services on your behalf. StreetEasy does not intend to interfere with any agency agreement you may have with a real estate professional or solicit your business if you are already under contract to purchase or sell property.