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25+ years experience · 1,000+ transactions · 5-star reviews
Queens
Brooklyn
For buyers focused on affordability, Elmhurst has the lower median sale price at $490K vs $1.0M in Gowanus.
Investors analyzing rental yield will find Elmhurst offers a stronger rent-to-price ratio based on current market data.
| Metric | Elmhurst | Gowanus |
|---|---|---|
| Median Sale Price | $490,000 | $1,045,000 |
| Median Condo Price | $555,000 | $775,000 |
| Median Co-op Price | $310,000 | N/A |
| Median Rent | $2,647.5 | $4,850 |
| Active Listings | 88 | 19 |
| Rental Inventory | 106 | 295 |
| Days on Market | 73.5 | 43 |
| Price Cut Share | 18.2% | 15.8% |
| Monthly Sales Volume | 17 | 1 |
| YoY Price Change | +8.9% | +51.6% |
| YoY Rent Change | +1.8% | +7.8% |
| YoY Inventory Change | +72.5% | -38.7% |
| Subway Lines | N/A | N/A |
Prices in Elmhurst moved +8.9% over the past year, compared to +51.6% in Gowanus. The +51.6% gain in Gowanus reflects stronger buyer demand relative to available inventory in that market.
Elmhurst is a dynamic and bustling neighborhood in central Queens. Known for its incredible culinary scene and bustling commercial corridors, the area offers a high-energy urban lifestyle. The real estate market is characterized by a wide range of housing options, from spacious pre-war cooperatives and traditional multi-family houses to sleek new construction condominiums that provide excellent value and a quick commute to Manhattan and Long Island City.
View Full Market ReportGowanus features a striking mix of 19th-century brick warehouses, Greek Revival rowhouses, and new glass-and-steel condominiums rising along the canal waterfront. The F, G, R, D, and N/W trains are accessible at nearby Smith-Ninth Streets and Fourth Avenue-Ninth Street stations, with Atlantic Terminal a short walk north. Washington Park and the Old Stone House landmark anchor the neighborhood's green space, while a major rezoning is bringing thousands of new residential units and waterfront parkland to the area.
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 last updated: 1/1/1970.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
