Coney Island

The median sale price in Coney Island is $490K. Condos sit at a median of $499K and co-ops at $340K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.

No. The median sale price in Coney Island is currently 4.4% below the 5-year high recorded in December 2020. That gap can favor buyers searching for value relative to the neighborhood's past peak.

Sale listings in Coney Island have a median of 75.5 days on market. That is 13 days faster than the same point a year ago. Only 8.0% of active listings have a price cut on record, signaling tight pricing.

Coney Island is broadly balanced right now, with median days on market at 75.5 days and 8.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Coney Island offers both co-ops and condos. Condos are the higher-priced segment at a $499K median, with co-ops at $340K.

Roughly 7 homes change hands each month in Coney Island across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.

The overall median asking rent in Coney Island is $3,280/month. Rents are down 3.2% year over year.

Median asking rent in Coney Island is currently $140 below the 5-year high set in April 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Coney Island has risen 56.2% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.

Within walking or short-transit distance of Coney Island, median sale prices range across Gravesend at $975K, Sheepshead Bay at $753K, Manhattan Beach at $575K, Brighton Beach at $543K. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Coney Island is served by the Bus service. The commute to Midtown Manhattan runs roughly 186 minutes from Nearest bus stop.

Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Coney Island, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.

Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: [email protected].