To buy resale homes in New York City, prioritize Brooklyn, Queens, Manhattan, Bronx, and Staten Island. Brooklyn and Queens offer diverse neighborhoods with competitive pricing, while Manhattan provides prime locations for high-demand areas. Bronx and Staten Island are more affordable entry points.

Brooklyn and Queens are top choices due to their growing populations, infrastructure investments, and balanced price-to-income ratios. Brooklyn’s median resale price hit $1.18 million in 2023, up 8% year-over-year, while Queens’ median rose to $825,000 (5% increase). Manhattan’s Upper West Side saw a 12% price surge, driven by limited inventory and luxury demand. The Bronx and Staten Island offer affordability, with Bronx resales averaging $640,000 (down 2% YoY) and Staten Island at $890,000. According to the New York Association of Realtors, 2023 resale transactions in these boroughs accounted for 45% of the citywide total, reflecting sustained buyer interest. Queens’ Astoria and Long Island City attract young professionals due to proximity to Midtown and subway access, while Brooklyn’s Williamsburg and Bushwick combine文艺 vibe with rising home values. Manhattan’s Lower East Side and Upper East Side remain sought after for historic homes and prime retail access. Data from Redfin shows a 22% increase in Manhattan resale inquiries in Q1 2024, outpacing other boroughs. Affordability gaps persist, with Manhattan’s median resale at $2.15 million versus Bronx’s $640,000, making diversification across boroughs essential for investors.