The most expensive homes in New York are all located in the New York-Newark-Jersey City metro area. The top city is Sagaponack with a typical home value of $7.35 million, showing a 6.0% increase over one year and 60.9% over five years. Other high-value cities include Water Mill ($4.51M), Bridgehampton ($4.44M), and Wainscott ($3.73M). Home values range from around $1.5 million to over $7 million, with varying price changes.