When it comes to rising home values in New York State, nearly all of the action is clustered in and around the New York City metro area.
That’s according to a new analysis from Stacker using Zillow data, which says every spot on the state’s top 50 list of fastest-growing housing markets falls within the orbit of the city — except for one.
The list, which tracks price gains for the 12 months ending in August 2025, is crowded with wealthy enclaves across Long Island and Westchester.
Sagaponack, a wealthy Hamptons village where the typical home is valued above $7 million, topped the ranking with an average year-over-year gain of nearly $300,000 — not to mention a 61.4% spike over the past five years of $2.69 million.
Other high-ranking locales include Sands Point at No. 2, where the typical home value is $3.05 million — a 6.5% year-over-year gain of about $185,000 and a nearly 47% spike over the past five years of nearly $1 million. Bridgehampton was No. 3 with a typical home value just more than $4.4 million, reflecting a 4.1% annual increase and a nearly 65% boost over the last five years, of $1.73 million.
Even affluent Great Neck, on the North Shore, was in on it. That ranked at No. 10. There, the typical home value was $1.39 million — a 9.6% year-over-year climb of $122,422 and a 39.1% five-year increase of $392,932. As for Westchester, Purchase ranked No. 9. Purchase, home to a SUNY school, has a typical home value of $2.1 million. That’s a one-year price change of about $127,000 — a 6.5% climb. Over the past five years, that figure is the product of a 53% climb to about $729,000.
The only exception on the list: Tuxedo Park, a gated village in Orange County about an hour north of Manhattan. The median home value there climbed past $1.2 million, up more than 7% in the past year and roughly 65% over five years. Those dollar figures, respectively, are $86,931 and $506,599. That ranked No. 21.
Nationwide, the typical home value was flat at roughly $364,000 in August, reflecting the cooling effect of rising mortgage rates.
