Washington Heights Named Among 10 Best Areas For Buyers In NYC

WASHINGTON HEIGHTS, NY — For better or worse, Washington Heights was just named one of the 10 best neighborhoods for buyers in New York City.

StreetEasy recently published a ranking of the "Top 10 Buyers' Markets in NYC Right Now," which includes 10 neighborhoods where people looking for a new home in the five boroughs could score a deal.

"Buyers returned to the market in droves in January, but with relatively low inventory on the market, competition is expected to be high this spring shopping season," StreetEasy wrote. "Amid these conditions, there are still some neighborhoods where buyers can gain the upper hand – throughout the city and at every price point."

Washington Heights came in at No. 10 on the list.

StreetEasy ranked the NYC neighborhoods by the growth in the share of listings that lowered asking prices and the growth in the amount of time local listings spent on the market from the fourth quarter of 2021 to the fourth quarter of 2022.

Here is the data for Washington Heights.

• Median Asking Price: $585,000.
• Median Days on the Market: 118 (+23 from the 2021 Q4).
• 28 percent of local listings saw their prices get lowered as they stayed on the market.

"Washington Heights in Upper Manhattan claimed the tenth spot on our list, but is second to none regarding access to some of the city’s most prized green space," StreetEasy wrote.

The article went on to laud the Met Cloisters in Fort Tryon Park.

The median asking price in Washington Heights at $585,000 in Q4 of 2022 was less than half of Manhattan's median at $1.495 million.

Here is the overall top 10 list for buyers.

1. Midwood, Brooklyn
2. Lower East Side, Manhattan
3. Yorkville, Manhattan
4. Williamsburg, Brooklyn
5. Fort Hamilton, Brooklyn
6. Hell's Kitchen, Manhattan
7. East New York, Brooklyn
8. Forest Hills, Queens
9. Riverdale, Bronx
10. Washington Heights, Manhattan