Median sales surge 61% in a Queens neighborhood that’s now the fifth priciest in NYC
Malba, a small neighborhood in Queens, has become the fifth priciest neighborhood in New York City, with its median sales price surging 61% year-over-year to $2.5 million in the first quarter of 2026. The spike is attributed to the sale of larger-than-average homes, with limited inventory contributing to rising prices. Malba's appeal lies in its single-family homes, proximity to major transportation routes, and views of the Whitestone Bridge and Long Island Sound.
- ▪Malba's median sales price rose 61% year-over-year to $2.5 million in Q1 2026.
- ▪The neighborhood is now the fifth priciest in NYC, surpassing areas like Soho and Tribeca in affordability ranking.
- ▪Homes sold in Malba during the quarter averaged 3,096 square feet, significantly above the previous year's average of 1,351 square feet.
- ▪Only around 850 residents live in Malba, mostly in single-family homes, with just six houses currently listed for sale.
- ▪Hudson Yards remains the city's priciest neighborhood with a median price of $4.62 million, despite a 14% year-over-year decline.
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Real Estate Median sales surge 61% in a Queens neighborhood that’s now the fifth priciest in NYC By Zachary Kussin Published May 4, 2026, 3:53 p.m. ET Malba is the king of Queens. The affluent district, a small subsection of Whitestone near the Nassau County line, is now one of the priciest neighborhoods in all of New York City, according to a new study — bringing a Queens enclave into the top five most-expensive spots for the very first time. Real-estate data and research company PropertyShark just released its latest top 50 priciest NYC neighborhoods list, showing that Malba saw a breathtaking 61% year-over-year surge in median sales price to a record $2.5 million during the first quarter of 2026.
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