Bedford-Stuyvesant Real Estate Market Trends

Market Overview for Quarter 1, 2021


Median Sale Price

$835K

13% YoY


Median Price/Sqft

$774

18% YoY


No. of Transactions

88

104% YoY

Brooklyn Median Sale Price

$802K

18% YoY

As of Quarter 1, the median home sale price in Bedford-Stuyvesant was $835K, up 13% year-over-year. A total of 88 properties traded, representing a 104% year-over-year increase. The median price per square foot in Quarter 1 was $774, an 18% YoY change. The median home sale price in Brooklyn was $802K.

Bedford-Stuyvesant Neighborhood Map

Also known as Bed-Stuy, this centrally located neighborhood is just next door to hip Williamsburg but has plenty to set itself apart: impeccable brownstones, unique storefronts, and a tight-knit community that supports improvements to bring in more locally owned businesses. Public transportation includes half a dozen subway and bus lines.

Bedford-Stuyvesant Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Bedford-Stuyvesant

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Top most expensive neighborhoods in Brooklyn

Bedford-Stuyvesant median price compared with other neighborhoods in Brooklyn

Bedford-Stuyvesant property values are on the higher-end for neighborhoods in Brooklyn .




Bedford-Stuyvesant median price compared with all the neighborhoods in Brooklyn

Neighborhood Borough Median Sale Price
Manhattan Beach Brooklyn $1,360,000
DUMBO Brooklyn $1,342,500
Fiske Terrace Brooklyn $1,337,500
Boerum Hill Brooklyn $1,325,000
Carroll Gardens Brooklyn $1,275,900
Columbia Street Waterfront District Brooklyn $1,247,500
Gowanus Brooklyn $1,199,000
Cobble Hill Brooklyn $1,175,000
Greenpoint Brooklyn $1,147,000
Greenwood Heights Brooklyn $1,130,000
Brooklyn Heights Brooklyn $1,102,500
Park Slope Brooklyn $1,036,000
Red Hook Brooklyn $988,385
Williamsburg Brooklyn $953,354
Downtown Brooklyn Brooklyn $925,000
Prospect Heights Brooklyn $895,000
Fort Greene Brooklyn $890,500
Crown Heights Brooklyn $850,000
Bergen Beach Brooklyn $843,000
Bedford-Stuyvesant Brooklyn $835,000
Prospect - Lefferts Gardens Brooklyn $834,981
Dyker Heights Brooklyn $834,000
Borough Park Brooklyn $824,782
Clinton Hill Brooklyn $815,000
Midwood Brooklyn $810,000
Vinegar Hill Brooklyn $810,000
Madison Brooklyn $800,000
Windsor Terrace Brooklyn $795,000
Flatbush Brooklyn $795,000
Bushwick Brooklyn $740,000
Prospect Park South Brooklyn $725,000
Mill Basin Brooklyn $710,000
Bensonhurst Brooklyn $707,500
Bay Ridge Brooklyn $675,000
Bath Beach Brooklyn $660,500
Marine Park Brooklyn $656,500
Sea Gate Brooklyn $640,000
Gravesend Brooklyn $631,337
Wingate Brooklyn $616,041
Old Mill Basin Brooklyn $613,750
Flatlands Brooklyn $600,000
Ditmas Park Brooklyn $580,000
Gerritsen Beach Brooklyn $561,000
Georgetown Brooklyn $552,500
Kensington Brooklyn $550,000
Sunset Park Brooklyn $550,000
East Flatbush Brooklyn $535,000
East New York Brooklyn $527,500
Brownsville Brooklyn $450,000
Coney Island Brooklyn $440,000
Canarsie Brooklyn $425,000
Sheepshead Bay Brooklyn $415,000
Ocean Hill Brooklyn $414,445
Brighton Beach Brooklyn $350,000
Homecrest Brooklyn $293,809

Residential Properties Sold in Bedford-Stuyvesant

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $759K 11% $794 19% 78
Coops - - - - 0
Houses $2.1M 55% $749 45% 10

The median house sale price in Bedford-Stuyvesant in Quarter 1 was $2.1M, up 55% year-over-year. Condo prices in Bedford-Stuyvesant trended similarly, with the median condo price up 11% year-over-year to $759K. There was no statistically significant data for median coop price activity for the period of Quarter 1 in Bedford-Stuyvesant.

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Bedford-Stuyvesant Neighborhood Guide

Known to residents as Bed-Stuy, this neighborhood is located in northern Brooklyn, just outside the gentrification line. Bedford-Stuyvesant has one of the largest stocks of locally-owned businesses in the borough and many of its bars and cafes have been there for decades. The neighborhood has an eclectic mix of young professionals, well-established families, and everyone in between. Bedford-Stuyvesant is actually an umbrella term that covers four distinct sub-neighborhoods within this single neighborhood: Bedford, Ocean Hill, Stuyvesant Heights, and Weeksville, all of which are growing by leaps and bounds.

Architecture and landmarks

Bedford-Stuyvesant is a historic neighborhood that has an impressive number of pristine brownstones right alongside charming neighborhood storefronts. While the architectural type will vary throughout, Bed-Stuy does have the highest concentration of Victorian homes in the entire city. There is a national historic district, Stuyvesant Heights Historic District, which includes more than 570 residential buildings built in the late 1800s. It covers 17 blocks and primarily consists of two- and three-story row houses. It also covers a few non-residential structures, which include Our Lady of Victory Catholic Church and St. Phillip's Episcopal Church.

Transport

There are numerous Brooklyn bus routes in Bedford-Stuyvesant, as well as access to the A and C subway lines at the IND Fulton Street Line, the G line on the IND Crosstown Line, and the J, M, and Z lines on the BMT Jamaica Line. The Long Island Rail Road also serves the neighborhood at two stations: East New York and Nostrand Avenue.

Schools

The zoned high school for Bedford-Stuyvesant is Boys and Girls High School, located on Fulton Street, and the Paul Robeson High School for Business and Technology is located on the eastern edge of the neighborhood. The Success Academy Bed-Stuy has two charter schools in the neighborhood, both of which serve kindergarten and first grade, and there are numerous other schools in the area including Brooklyn Waldorf School, Leadership Preparatory Charter School and Bedford Academy High School.

Health

The closest hospital is Brooklyn Hospital Center located in Fort Greene, though there are numerous medical offices and urgent care clinics in the neighborhood, including Woodhull Medical and Mental Health Center. A little to the south in Prospect Lefferts Gardens is the SUNY Downstate Medical Center.

Safety

Bed-Stuy is served by both the 79th and 81st precincts of the NYC Police Department. In 2016 there were 17.99 crimes committed per 1,000 residents in precinct 79 and 20.02 per 1,000 residents in precinct 81. This is middle of the road compared to other neighborhoods in Brooklyn.

Things to do

There are enough locally owned bars, stores, and restaurants to keep locals busy for years. Primarily located along Lewis Avenue, Bedford Avenue, Tompkins Avenue, and Malcolm X Boulevard, new stores and eateries are constantly opening up. Popular options include the Black Swan pub, the Beast of Bourbon music venue, and the well-established Italian restaurant Saraghina. Bread Love, a local bakery, is one of the most popular spots for coffee and a pastry.

Dough, a local donut shop, has unique flavors like tropical chili and hibiscus, and popular shopping options include vintage finds at Harold and Maude Vintage or I Like Mike's. Cocktail bar favorites include Dynaco and Casablanca Cocktail Lounge, while Brooklyn Beso and Peaches Hot House are frequently mentioned by those in the know as favorite lunch and dinner spots. Those with a love of gardening will find numerous stores within the neighborhood to get everything from cacti to plant food.

It's true that there is less recreational space in this neighborhood compared to others in Brooklyn, but there are a few small parks. They include Herbert Von King Park, which is just shy of 8 acres, and the 3-acre Saratoga Square Park. There are numerous dog parks as well, and in the warmer months of the year, residents of Bedford-Stuyvesant are often found at the many block parties and street festivals in the area.