Home Prices Tripled In These NYC Neighborhoods, Analysis Shows

NEW YORK CITY — Home prices tripled about tripled in Cobble Hill and Greenpoint this past decade, according to a new real estate analysis.

Median recorded sales prices rose about 200 percent in the two Brooklyn neighborhoods between 2010 and 2019, according to a StreetEasy report.

Cobble Hill and Greenpoint top a list of ten neighborhoods — eight of which are in Brooklyn — that saw home prices more than double over the past ten years.

The median Cobble Hill home sold for $834,115 in 2010 and $2,591,446 in 2019, which made it the fourth-most expensive neighborhood in the city.

Greenpoint median prices increased 192 percent from $539,446 in 2010 to $1,578,287 in 2019, according to the analysis.

NYC Neighborhoods With Largest Sales Price Increases

Cobble Hill

• 2010 Median Price:$834,115
• 2019 Median Price: $2,591,446
• Percentage Change: 211%

Greenpoint

• 2010 Median Price:$539,713
• 2019 Median Price: $1,578,287
• Percentage Change: 192%

Lower East Side

• 2010 Median Price:$521,000
• 2019 Median Price: $1,395,000
• Percentage Change: 168%

Bedford-Stuyvesant

• 2010 Median Price: $363,000
• 2019 Median Price: $938,486
• Percentage Change: 159%

Prospect Lefferts Gardens

• 2010 Median Price: $373,195
• 2019 Median Price: $865,000
• Percentage Change: 132%

Fort Greene

• 2010 Median Price: $574,041
• 2019 Median Price: $1,250,000
• Percentage Change: 118%

Carroll Gardens

• 2010 Median Price: $715,000
• 2019 Median Price: $1,540,000
• Percentage Change: 115%

Prospect Heights

• 2010 Median Price: $535,791
• 2019 Median Price: $1,125,000
• Percentage Change: 110%

Gramercy Park

• 2010 Median Price:$694,500
• 2019 Median Price: $1,450,000
• Percentage Change: 109%

Williamsburg

• 2010 Median Price: $520,000
• 2019 Median Price: $1,075,000
• Percentage Change: 107%

Citywide prices jumped 50 percent since 2010 with a 38 percent increase in The Bronx, 37 percent increase on Staten Island and a 30 percent increase in Queens, according to the analysis.

The median recorded sales price in Brooklyn as of fall 2019 was $784,526 and $1,105,000 in Manhattan, StreetEasy reports.

Read the full report here.