Half of everything that sold in Bay Ridge this quarter sat on the market longer than 94 days before it went to contract, and only about one sale in four closed at or above its asking price. Across 108 closings from April through June, the median sale came in at $735,750, the average landed at $880,008, and sellers gave back 5.5% against ask on average (Compass closed-sales records, Q2 2026). That is a market where the clock works for buyers. This is the monthly Bay Ridge market report, updated as new closings record; the borough-wide view sits in our Brooklyn market report.
What sold, and for how much
Co-ops carried the quarter on count, 49 of the 108 sales, at a $390,000 median. Houses came next at 47 with a $1,400,000 median, and condos were the thin slice, 12 sales, with the reporting counts small enough to read those figures as direction rather than a fixed number.
Property type | Sales (Q2) | Median sale price | Average sale price | Avg. price per sq ft | Median days on market | Avg. vs ask | At or above ask |
|---|---|---|---|---|---|---|---|
Condos | 12 | $742,875 | $859,290 | $847 (12 reporting) | 70 (11 reporting) | -4.6% | 9.1% (11 reporting) |
Houses | 47 | $1,400,000 | $1,376,596 | $595 (45 reporting) | 99 (39 reporting) | -8.4% | 17.9% (39 reporting) |
Co-ops | 49 | $390,000 | $408,763 | $504 (40 reporting) | 90 (43 reporting) | -3.2% | 32.6% (43 reporting) |
Price per foot ranks opposite to price per unit here. Condos posted the highest rate at $847 a square foot even though they sold for a fraction of a house, while houses ran $595 and co-ops $504, which is what the co-op share does to the low end of the market. Houses gave back the most at the table, 8.4% under ask on average across 39 sales reporting an asking price. The quarter's highest sale broke the pattern entirely: 137 82nd Street, 2,530 square feet, closed at $1,999,999 after just 8 days on the market, the fastest notable trade in a slow three months.
Where the money went
Bay Ridge concentrates near the bottom of the price ladder. 62% of sales closed under $1,000,000, another 24.1% between $1,000,000 and $1,500,000, and 13.9% between $1,500,000 and $2,000,000 (Compass closed-sales records, Q2 2026). Nothing recorded above $2,000,000 this quarter. By bedroom count, one-bedrooms ran a $329,000 median across 25 sales, two-bedrooms $620,000 across 29, and three-bedrooms $1,358,855 across 14. The five- and six-bedroom medians, $1,487,000 across 10 sales and $1,490,000 across 9, sit close together at the top and reflect whole houses trading rather than apartments.
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Pace and negotiation
Marketing time is the headline in Bay Ridge, and it points one way. Among the 93 sales reporting an asking date, 51.6% took more than 90 days to reach contract, 11.8% ran 60 to 89 days, 17.2% took 30 to 60, and only 19.4% went inside 30 days (Compass closed-sales records, Q2 2026). More than half the market crossed the 90-day line. Houses were the slowest at a 99-day median with 17.9% clearing ask, co-ops sat at 90 days and 32.6% cleared it, and the small condo group moved quickest at 70 days but cleared ask on only 1 of 11 reporting sales. Buyers in nearly every lane had room to negotiate.
For buyers right now
Time is on your side across most of this market, so use it. With a 94-day median across the neighborhood and better than half of all sales past 90 days, there is rarely reason to rush an offer or waive an inspection. Houses are the clearest case: they closed 8.4% under ask on average and took a 99-day median to trade, which is standing room to negotiate on price, timeline, and repairs. Co-ops move on a separate track, so read the building before the apartment. Board approval, the financials, the flip tax, sublet rules, and any assessment belong in diligence, and a real estate attorney should read the offering plan and the last two years of minutes. The 8-day sale at 137 82nd Street is the exception that proves the rule; priced right, a listing still clears fast, but most did not.
For sellers right now
Price to the record, not to hope, because this market punishes a high number with months of sitting. More than half of Q2 sales took over 90 days, and the average seller across the neighborhood accepted 5.5% under ask. Co-ops cleared asking more often than any other type, 32.6% of them, and gave back the least, so a co-op priced to recent comps in the building has the best odds of a clean sale. Houses are the patient side: they averaged 8.4% back at the table and a 99-day median on market, which means the first list price does most of the work. Come to market documented, photographed, and priced to what actually closed this quarter, and treat your first two weeks of exposure as the whole game.
Questions buyers and sellers ask
Quick answers on the Bay Ridge housing market, straight from the Q2 closed-sales record.
How much does a home in Bay Ridge cost?
The median Q2 2026 sale was $735,750 across 108 closings. Co-ops ran a $390,000 median, houses $1,400,000, and condos $742,875 (Compass closed-sales records, Q2 2026).
Can you buy in Bay Ridge for under $1 million?
Yes, and most buyers did. 62% of the quarter's 108 sales closed under $1,000,000, led by the 49 co-op trades at a $390,000 median.
How much is a house in Bay Ridge?
The 47 house sales in Q2 2026 posted a $1,400,000 median at an average of $595 per square foot, with the average sale at $1,376,596. The quarter's top sale, 137 82nd Street, closed at $1,999,999.
How long does it take to sell a home in Bay Ridge?
The median listing reached contract in about 94 days among the 93 sales reporting marketing time. More than half took longer than 90 days, and houses were the slowest at a 99-day median.
What are property taxes like in Bay Ridge?
Among Q2 sales recording a tax bill, the median ran about $359 a month on condos across 10 sales and about $861 a month on houses across 39. Co-op taxes are paid through the building inside monthly maintenance rather than as a separate line. Tax treatment varies by property class, assessment history, and any abatement on the building, so check the actual bill on any specific address.
Fouad Rahmé
Founder, the Rahmé Team at Compass
The Rahmé Team advises buyers, sellers, investors, and developers across Brooklyn, with 40 years of combined experience, more than 1,000 clients and transactions, and over $800 million in career sales, $167 million of it since 2020. RealTrends Verified ranks the team in the top 1.5% of real estate professionals nationwide. Every number on this page comes from closed-sales records the team pulls and computes itself.
Contact the team or call (718) 233-3365.
What would your home sell for right now?
The Rahmé Team at Compass tracks Bay Ridge closings block by block, and on 108 quarterly sales a neighborhood median cannot price your building, your line, or your maintenance. Call (718) 233-3365 or contact us with the address. The borough-wide numbers live in the Brooklyn market report.
All figures Q2 2026, computed from Compass closed-sales records pulled August 5, one record per sale, condos, co-ops, and houses only. Days on market and at-or-above shares cover the 93 sales reporting an asking price; price per square foot covers the 97 sales reporting size; bedroom medians cover sales reporting a bedroom count. With 108 sales in the quarter, neighborhood-level figures move with a small number of closings, which is why the reporting count sits next to every subset. Sales at or under $50,000 and recorded parking or storage units sit out of the averages while still counting toward every median and sale count.
Next update: September 2026, once August's closings post.
