Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Greenwood vs Pelham Bay

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Brooklyn|Bronx

Greenwood

Brooklyn

Pelham Bay

Bronx

How They Compare

For buyers focused on affordability, Pelham Bay has the lower median sale price at $810K vs $1.3M in Greenwood.

Investors analyzing rental yield will find Pelham Bay offers a stronger rent-to-price ratio based on current market data.

Median Sale Price
$1.3M
$810K
Median Rent
$3K
$3K
Active Listings
57
8
Avg Days on Market
85 days
0 days
YoY Price Change
+42.9%
0.0%
Monthly Sales Volume
5
1

Detailed Comparison

MetricGreenwoodPelham Bay
Median Sale Price$1,282,500$810,000
Median Condo Price$835,000N/A
Median Co-op PriceN/AN/A
Median Rent$3,499$3,312.5
Active Listings578
Rental Inventory17312
Days on Market850
Price Cut Share8.8%0.0%
Monthly Sales Volume51
YoY Price Change+42.9%0.0%
YoY Rent Change+5.6%+10.4%
YoY Inventory Change+21.3%+100.0%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Greenwood moved +42.9% over the past year, compared to 0.0% in Pelham Bay. The +42.9% gain in Greenwood reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Greenwood

Greenwood is a Brooklyn neighborhood of brick row houses, walk-up apartment buildings, and new condominium developments surrounding the historic 478-acre Green-Wood Cemetery. The R train at 25th Street provides subway service, and the D train at 36th Street is accessible at the southern border. Green-Wood Cemetery, a National Historic Landmark with rolling hills and 19th-century monuments, is the neighborhood's defining landscape feature.

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Pelham Bay

Pelham 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.

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Transit Access

Greenwood

No subway data available

Pelham Bay

No subway data available

Active Listings

Greenwood for sale

View all Greenwood listings

Pelham Bay for sale

View all Pelham Bay listings

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.

Frequently Asked Questions

Is Greenwood cheaper than Pelham Bay?
Pelham Bay is more affordable, with a median sale price of $810,000 vs $1,282,500 in Greenwood. Pricing can vary widely by building, floor, and unit condition, so review current listings for accurate comparisons.
Which has better transit, Greenwood or Pelham Bay?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Greenwood or Pelham Bay?
This depends on what type of home fits your household. Greenwood and Pelham Bay both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Greenwood or Pelham Bay?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Greenwood and Pelham Bay gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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