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NYC Neighborhood Comparison
Brooklyn
Bronx
For buyers focused on affordability, Pelham Bay has the lower median sale price at $639K vs $657K in Bay Ridge.
Investors analyzing rental yield will find Pelham Bay offers a stronger rent-to-price ratio based on current market data.
| Metric | Bay Ridge | Pelham Bay |
|---|---|---|
| Median Sale Price | $657,000 | $638,500 |
| Median Condo Price | $552,420 | $237,500 |
| Median Co-op Price | $318,000 | $170,000 |
| Median Rent | $2,700 | $3,300 |
| Active Listings | 204 | 8 |
| Rental Inventory | 169 | 13 |
| Days on Market | 74 | 301 |
| Price Cut Share | 20.6% | 10.0% |
| Monthly Sales Volume | 27 | 4 |
| YoY Price Change | -8.8% | -1.6% |
| YoY Rent Change | +8.0% | +11.9% |
| YoY Inventory Change | -3.8% | +166.7% |
| Subway Lines | N/A | N/A |
Prices in Bay Ridge moved -8.8% over the past year, compared to -1.6% in Pelham Bay. Both markets have seen price softening, with Bay Ridge declining more sharply over the measured period.
Bay Ridge is a historic neighborhood in Southwest Brooklyn with views of the Verrazzano-Narrows Bridge and New York Harbor. Commercial corridors along 3rd and 5th Avenues run through the area, and the housing stock includes historic row houses, pre-war cooperatives, and modern condominiums, with Shore Road Park and the waterfront promenade to the west.
View Full Market ReportPelham Bay is a Bronx neighborhood of single-family detached homes, two-family brick houses, and co-op apartment buildings near the 2,772-acre Pelham Bay Park, the largest park in New York City. The 6 train terminates at Pelham Bay Park station, providing direct subway access to Manhattan. Orchard Beach, the Bartow-Pell Mansion Museum, and the Pelham Bay/Split Rock Golf Course are all within the park.
View Full Market ReportNo subway data available
No subway data available
Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Bay Ridge and Pelham Bay both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Outer-borough submarkets including Bay Ridge and Pelham Bay generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Bay Ridge | Pelham Bay |
|---|---|---|
| Median Sale Price | $657,000 | $638,500 |
| Median Rent | $2,700/mo | $3,300/mo |
| Year-over-Year Price Change | -8.8% | -1.6% |
| Average Days on Market | 74 days | 301 days |
| Distance to Nearest Subway | N/A | N/A |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated:
