Gravesend Real Estate Market Trends

Market Overview for Quarter 3, 2021


Median Sale Price

$542K

-1% YoY


Median Price/Sqft

$629

8% YoY


No. of Transactions

73

114% YoY

Brooklyn Median Sale Price

$820K

15% YoY

What is the median sale price and median price per sq ft in Gravesend?

In Quarter 3, the median home sale price in Gravesend was $542K, a -1% change year-over-year. A total of 73 properties changed hands, up 114% compared to the same month last year. In Quarter 3, the median price per square foot was $629, an 8% YoY change. The median home sale price in Brooklyn was $820K.

Gravesend Neighborhood Map

Known for large homes, elaborate hedges, and big porches, Gravesend is a neighborhood with tree-lined streets and plenty of benches. Savvy home buyers will also find plenty of single and multi-family homes, seven-story co-ops, and condo buildings. This neighborhood is also known for its historic Old Gravesend Cemetery, which was built in the 1600s.

Gravesend Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Gravesend

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Top most expensive neighborhoods in Brooklyn

Gravesend median price compared with other neighborhoods in Brooklyn

Property values in Gravesend are lower compared to the borough of Gravesend overall.




Gravesend median price compared with all the neighborhoods in Brooklyn

Neighborhood Borough Median Sale Price
DUMBO Brooklyn $1,900,000
Fiske Terrace Brooklyn $1,675,000
Carroll Gardens Brooklyn $1,562,500
Vinegar Hill Brooklyn $1,542,500
Cobble Hill Brooklyn $1,437,500
Park Slope Brooklyn $1,225,000
Boerum Hill Brooklyn $1,215,000
Brooklyn Heights Brooklyn $1,172,500
Williamsburg Brooklyn $1,142,500
Columbia Street Waterfront District Brooklyn $1,102,400
Greenpoint Brooklyn $1,095,000
Mill Basin Brooklyn $1,065,100
Red Hook Brooklyn $1,065,000
Manhattan Beach Brooklyn $1,050,000
Gowanus Brooklyn $1,025,000
Dyker Heights Brooklyn $968,000
Fort Greene Brooklyn $952,500
Prospect Heights Brooklyn $949,000
Bedford-Stuyvesant Brooklyn $883,500
Prospect - Lefferts Gardens Brooklyn $863,750
Greenwood Heights Brooklyn $850,000
Clinton Hill Brooklyn $834,000
Madison Brooklyn $823,000
Windsor Terrace Brooklyn $820,000
Borough Park Brooklyn $817,500
Downtown Brooklyn Brooklyn $810,000
Bensonhurst Brooklyn $775,000
Crown Heights Brooklyn $768,500
Bergen Beach Brooklyn $751,250
Prospect Park South Brooklyn $745,000
Midwood Brooklyn $735,000
Marine Park Brooklyn $699,000
Old Mill Basin Brooklyn $660,000
Sea Gate Brooklyn $645,000
Bath Beach Brooklyn $634,000
Flatbush Brooklyn $625,000
Kensington Brooklyn $620,000
Flatlands Brooklyn $609,000
Georgetown Brooklyn $605,000
East Flatbush Brooklyn $600,000
Ditmas Park Brooklyn $594,500
Bushwick Brooklyn $594,000
Brighton Beach Brooklyn $567,000
Bay Ridge Brooklyn $565,000
Homecrest Brooklyn $556,000
Wingate Brooklyn $555,000
Gravesend Brooklyn $542,518
East New York Brooklyn $535,000
Sheepshead Bay Brooklyn $520,172
Sunset Park Brooklyn $518,669
Brownsville Brooklyn $515,000
Ocean Hill Brooklyn $511,065
Gerritsen Beach Brooklyn $485,000
Coney Island Brooklyn $440,000
Canarsie Brooklyn $426,125

Residential Properties Sold in Gravesend

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $588K 4% $584 5% 25
Coops $329K -7% $362 - 27
Houses $1M 49% $807 35% 20

The median house sale price in Gravesend in Quarter 3 was $1M, up 49% year-over-year. Condo prices in Gravesend trended similarly, with the median condo price up 4% year-over-year to $588K. Median coop sale price in Gravesend were $329K, a change of -7% year-over-year.

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Gravesend Neighborhood Guide

Located in southcentral Brooklyn, Gravesend has a population of around 30,000 people and is notable for being one of the only towns in New York City that was originally founded by a woman. With enormous lots for single family homes, impressive transportation considering how far it is from Manhattan, and streets lined with hundred-year-old trees, this is a tranquil, quiet community where it's common to see residents taking evening strolls.

Architecture and landmarks

To the north, you can find the Old Gravesend Cemetery, which was originally founded in the 1600s and is today a historical landmark.

Transport

Considering how far Gravesend is from Manhattan, it has great public transportation. The F train, which is elevated in this part of Brooklyn, crosses McDonald Avenue, the N and D trains, which run express through much of Brooklyn, can be picked up in Gravesend. That said, it does take at least an hour to get to Midtown via subway. Those who drive can easily pick up the Belt Parkway, which runs right along the neighborhood to the south.

Schools

Gravesend has five public elementary schools, including PS 95 on Van Sicklen Street, three middle schools, including IS 303, which routinely receives A's on score cards, and John Dewey High School, which typically receives B grades. There are also a number of religious schools in the neighborhood, including Our Lady of Grace School and the Magen David Yeshivah.

Health

There is a hospital located on the edge of Gravesend and Brighton Beach: NYC Health + Hospitals Coney Island. New York Community Hospital in Midwood and Mount Sinai in Marine Park are also nearby. Residents have plenty of private practices to choose from, as well as a number of alternative medical practices in the neighborhood.

Safety

There are three precincts of the New York City Police Department that oversee Gravesend: The 60th Precinct (with an average of 9.73 crimes per 1,000 residents), the 61st Precinct (with an average of 8.07 crimes per 1,000 residents), and the 62nd Precinct (with an average of 10.32 crimes per 1,000 residents). All three are among the safer precincts in New York City.

Things to do

Coney Island is just a short bus or train ride away from Gravesend, and its shops, games, rides, and food are popular among residents of this neighborhood. Along Avenue U, residents can shop at specialty Italian stores like Bari Pork Store, with their huge array of sausages, or Joe's of Avenue U, which has a wealth of Sicilian foods.

Some of the most popular restaurants in Gravesend include L & B Spumoni Gardens, known for their affordable pizza by the slice; Nargis Cafe, for Middle Eastern and Russian food; Istanblue Kings Restaurant for Turkish Food; Pio Pio 9 for Peruvian food; and Village Cafe for those looking for a more traditionally American dining experience. Those who want a few after-dinner libations are likely to head out to the Homestretch Pub for a relaxed, laid-back atmosphere, Living Room Restaurant & Lounge for booze and hookah smoking, or the Blue Velvet Lounge for a more upscale experience.

There are a number of parks within Gravesend, including McDonald Park, which has three tennis courts, and other small parks that feature unique recreation like paved baseball diamonds and handball courts.