Bay Ridge prices rose in Q3 2026, but the headline increase came with an important split: two-family homes moved quickly and close to asking, while single-family homes took longer and negotiated harder.
A total of 92 homes worth $86.3 million closed during the quarter. The median sale price reached $700,000, up 27.9% year over year, while the typical reporting sale finished 4.2% below its original asking price.
This page covers the essential market signals. The complete report adds co-op and condo results by bedroom count, house performance by building type, the complete price-reduction analysis and detailed buyer and seller guidance.
Bay Ridge at a glance
These figures describe the homes that sold and should not be interpreted as the change in value of an individual property. Asking-price results compare the closed price with the original list price.
Three segments, three different markets
Co-ops accounted for half of all transactions, while houses, 42% of sales, lifted the neighborhood-wide median. Condos represented only seven sales, so their quarter-level figures should be read cautiously.
Property type | Sales | Median price | Average price | Median DOM | Avg. vs original ask |
|---|---|---|---|---|---|
1 to 4 family homes | 39 | $1,450,000 | $1,579,962 | 45 | 5.5% below |
Condominiums | 7 | $858,500 | $913,929 | 60* | 1.0% below* |
Co-operative apartments | 46 | $355,000 | $396,576 | 53.5 | 3.5% below |
All Bay Ridge | 92 | $700,000 | $937,592 | 52 | 4.2% below |
DOM = days on market. Property-type results use only transactions reporting the relevant metric. Small-sample results are labeled rather than overinterpreted. The full report provides sample sizes and deeper breakdowns.
The mix explains the higher median
Houses rose to 42% of all sales from 36% a year earlier, helping lift the blended median. Within the house market, however, two-family homes sold faster and closer to original ask than single-family homes.
Homes that missed the market paid for it
Pricing strategy produced one of the quarter’s clearest differences.
On a $1.5 million house, the gap between the average outcomes for houses that cut and houses that held is approximately $142,500. This does not prove that pricing alone caused every result, but it shows why the opening strategy matters.
What buyers and sellers should notice
1 to 4 Family Homes
Houses supplied 39 of the quarter’s 92 sales at a $1.45 million median. Two-family homes sold in a median 37 days and 1.8% below original ask; single-family homes took 64 days and averaged 7.6% below.
The full report: performance by building type.
Condominiums
Only seven condos closed, three at 9511 Shore Road. The $858,500 median is useful context, but the small sample is a snapshot rather than a trend.
The full report: results by bedroom count and sample context.
Co-operative Apartments
Forty-six co-ops closed at a $355,000 median. Two-bedrooms performed more strongly than one-bedrooms, while studios remained the lowest-cost ownership entry point.
The full report: results by bedroom count.
Bay Ridge held its value at the top, but buyers negotiated harder. The clearest advantage belonged to well-positioned two-family homes; single-family sellers who started too high paid for it in both time and price.
Fouad Rahmé, Principal & Founder, Rahmé Team at Compass
Closed sales cannot establish today’s inventory or competition. Current listings and buyer feedback also matter.
What does this market mean for your home?
A neighborhood median cannot price your block, building, renovation or property type. Speak with Fouad about the recent sales most relevant to your plans.
Bay Ridge Q3 2026 market questions
Click the + sign to reveal each answer.
What was the median Bay Ridge home price in Q3 2026?
The median across 92 house, condo and co-op sales was $700,000, up 27.9% from Q3 2025 and 12.9% from Q2 2026. A larger share of house sales influenced both comparisons.
Why did the Bay Ridge median rise so much?
Houses represented 42% of sales, up from 36% a year earlier. Because houses sell at substantially higher prices than co-ops, that shift lifted the blended median; it does not mean every Bay Ridge home appreciated 27.9%.
Were Bay Ridge homes selling above asking?
Among 80 sales with an original asking price, three in four sold below it. The average result was 4.2% below original ask.
How long did it take to sell a Bay Ridge home?
The neighborhood-wide median was 52 days: 45 days for houses, 53.5 for co-ops and 60 for condos.
Which Bay Ridge property type dominated sales?
Co-ops accounted for 46 sales, exactly half of the quarter’s transactions. Houses accounted for 39 sales, or 42%, and condos for seven.
What is included in the full report?
The full report adds condo and co-op performance by bedroom count, house results by building type, the complete price-reduction analysis, buyer and seller recommendations and detailed methodology.
Fouad Rahmé
Principal & Founder, 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. RealTrends Verified ranks the team in the top 1.5% of real estate professionals nationwide.
Contact the team or call (718) 233-3365.
Rahmé Team is committed to the principles of the Fair Housing Act. We do not discriminate on the basis of race, color, national origin, religion, sex, disability or familial status. All real estate advertising on this site is subject to the Fair Housing Act.
