The median price of homes currently listed on the market is a whopping $779,000, according to Zillow. The median asking price of Manhattan homes in November 2019 was $1.6 million, according to StreetEasy’s Price Index metric; in Brooklyn, it was a little over $969,000.

Overall, NYC home prices have bounced back significantly since the 2008 recession. However the city is being flooded with a record number of apartments, and experts contend that this will prompt prices to drop, particularly in Manhattan and Brooklyn.

New York City's median home sale price as of the first quarter was $760K, an increase of 7% from the same period last year. A total of 10536 properties were traded, an increase of 18% from the previous year. In the first quarter, the median cost per square foot increased by 16 percent year over year to $927. Manhattan's median home sale price was $1.2 million.