Red Hook

The median sale price in Red Hook is $1.1M. Co-op sales make up the bulk of activity, with a median of $177K.

Yes. The median sale price in Red Hook sits within a few percent of the 5-year high. Pricing is firm and listings priced near the comparable median tend to clear with limited room for negotiation.

Sale listings in Red Hook have a median of 1303 days on market. Roughly 10.0% of active listings have recorded a price cut, suggesting some negotiating room.

Red Hook is broadly balanced right now, with median days on market at 1303 days and 10.0% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.

Red Hook is primarily a co-op market, with the median sale price at $177K. Condo inventory is limited.

Roughly 1 homes change hands each month in Red Hook 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 Red Hook is $4,400/month. Live RLS listings show 1-bedrooms at $4,350, 2-bedrooms at $3,450, 3+ bedrooms at $10,000 per month. Rents are up 32.3% year over year.

Median asking rent in Red Hook is currently $596 below the 5-year high set in February 2026. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.

Median asking rent in Red Hook has risen 91.3% 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 Red Hook, median sale prices range across Carroll Gardens at $2.8M, Cobble Hill at $2.3M, Columbia St Waterfront District at $1.4M, Gowanus at $1.0M. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.

Red Hook is served by the Bus service. The commute to Midtown Manhattan runs roughly 84 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 Red Hook, 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].