NYC Neighborhood Comparison
Brooklyn
Brooklyn
For buyers focused on affordability, Sheepshead Bay has the lower median sale price at $600K vs $680K in Gowanus.
Investors analyzing rental yield will find Gowanus offers a stronger rent-to-price ratio based on current market data.
| Metric | Gowanus | Sheepshead Bay |
|---|---|---|
| Median Sale Price | $680,000 | $600,000 |
| Median Condo Price | N/A | $735,000 |
| Median Co-op Price | N/A | $289,000 |
| Median Rent | $4,500 | $2,850 |
| Active Listings | 18 | 349 |
| Rental Inventory | 390 | 116 |
| Days on Market | 138 | 132 |
| Price Cut Share | 22.2% | 10.3% |
| Monthly Sales Volume | 2 | 38 |
| YoY Price Change | N/A | +16.5% |
| YoY Rent Change | 0.0% | +2.7% |
| YoY Inventory Change | -5.3% | +3.3% |
| Subway Lines | N/A | N/A |
Gowanus 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 ReportSheepshead Bay is a scenic waterfront neighborhood in Southern Brooklyn, famous for its fishing fleet, piers, and seafood restaurants. The area offers a unique maritime atmosphere with a relaxed, residential vibe. The real estate market features a mix of traditional multi-family brick houses, spacious pre-war cooperatives, and a growing number of modern luxury condominiums that offer stunning views of the bay and easy access to the beaches of Coney Island and Manhattan Beach.
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. Gowanus and Sheepshead 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 Gowanus and Sheepshead 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) | Gowanus | Sheepshead Bay |
|---|---|---|
| Median Sale Price | $680,000 | $600,000 |
| Median Rent | $4,500/mo | $2,850/mo |
| Year-over-Year Price Change | N/A | +16.5% |
| Average Days on Market | 138 days | 132 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.
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Data updated:
