From January through March of 2018, there were 10 homes sold, with a median sale price of $395,000 - a 55.8% increase over the $253,500 median sale price for the same period of the previous year. There were eight homes sold in Bay Ridge in the first quarter of 2017.
The following table compares Bay Ridge to other Kings County cities with similar median sales prices in the first quarter of 2018:
City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Park Slope/Gowanus | 37 | 26 | 42.3% | $725,000 | $727,500 | -0.3% |
Cypress Hills/City Line | 1 | 3 | -66.7% | $700,000 | $1,025,000 | -31.7% |
Brooklyn | 1,861 | 2,053 | -9.4% | $690,000 | $630,000 | 9.5% |
Prospect Heights | 9 | 8 | 12.5% | $635,000 | $590,050.50 | 7.6% |
Williamsburg-North Side/South Side | 6 | 3 | 100% | $399,500 | $403,000 | -0.9% |
Bay Ridge | 10 | 8 | 25% | $395,000 | $253,500 | 55.8% |
Crown Heights North | 4 | 6 | -33.3% | $326,450 | $769,500 | -57.6% |
Sunset Park West | 1 | 2 | -50% | $285,000 | $475,500 | -40.1% |
Sunset Park East | 2 | 9 | -77.8% | $247,699.20 | $533,280 | -53.6% |
Bensonhurst West | 3 | 4 | -25% | $225,000 | $1,265,000 | -82.2% |
Erasmus | 3 | 2 | 50% | $155,366 | $1,212,500 | -87.2% |