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.

According to a recent Stacker analysis utilizing Zillow data, nearly all of the top 50 fastest-growing housing markets within the state are located around the city’s vicinity, 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.

Leading the list is Sagaponack, a prosperous village in the Hamptons, where the average home price exceeds $7 million. This area saw an impressive average yearly increase of almost $300,000 and a remarkable 61.4% jump in value over the last five years, totaling $2.69 million.

Following closely is Sands Point, ranked second, with a typical home worth $3.05 million, representing a 6.5% increase, approximately $185,000 higher than the previous year, and a significant 47% rise in the past five years, adding nearly $1 million. Bridgehampton takes the third spot, with homes averaging just over $4.4 million, posting a 4.1% annual climb and an impressive nearly 65% growth over the past five years, amounting to $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.