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NYC Neighborhood Comparison
Brooklyn
Brooklyn
For buyers focused on affordability, Gravesend has the lower median sale price at $500K vs $850K in Prospect Park South.
Investors analyzing rental yield will find Gravesend offers a stronger rent-to-price ratio based on current market data.
| Metric | Gravesend | Prospect Park South |
|---|---|---|
| Median Sale Price | $499,999 | $850,000 |
| Median Condo Price | $390,000 | $625,000 |
| Median Co-op Price | $390,000 | $615,000 |
| Median Rent | $2,950 | $2,990 |
| Active Listings | 186 | 27 |
| Rental Inventory | 71 | 76 |
| Days on Market | 46.5 | 50 |
| Price Cut Share | 15.6% | 11.1% |
| Monthly Sales Volume | 16 | 5 |
| YoY Price Change | -56.5% | -26.7% |
| YoY Rent Change | -6.3% | +4.9% |
| YoY Inventory Change | -2.6% | +12.5% |
| Subway Lines | N/A | N/A |
Prices in Gravesend moved -56.5% over the past year, compared to -26.7% in Prospect Park South. Both markets have seen price softening, with Gravesend declining more sharply over the measured period.
Gravesend offers a broad housing mix including semi-detached single-family homes, postwar co-op towers, and newly constructed boutique condominiums spread across a grid of low-traffic residential streets in southern Brooklyn. The D, F, and N subway lines serve the neighborhood at multiple stations along Kings Highway and Avenue U, connecting to Midtown Manhattan in about 45 minutes. Calvert Vaux Park provides 73 acres of green space and waterfront access along Coney Island Creek.
View Full Market ReportProspect Park South is a designated New York City historic district featuring over 200 architect-designed homes in Queen Anne, Tudor Revival, Colonial Revival, and Italianate styles, many with spacious front yards and original period details. The B and Q trains stop at Parkside Avenue and Prospect Park stations, placing Downtown Brooklyn and Manhattan within easy reach. The neighborhood borders Prospect Park's southern edge, providing direct access to 526 acres of green space including the Parade Ground's athletic fields.
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. Gravesend and Prospect Park South 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 Gravesend and Prospect Park South 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) | Gravesend | Prospect Park South |
|---|---|---|
| Median Sale Price | $499,999 | $850,000 |
| Median Rent | $2,950/mo | $2,990/mo |
| Year-over-Year Price Change | -56.5% | -26.7% |
| Average Days on Market | 46.5 days | 50 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:
