Is Southeastern Brooklyn, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southeastern Brooklyn has remained a Buyer's Market.
Housing Prices in Southeastern Brooklyn, NY
How much do homes in Southeastern Brooklyn, NY cost?
Median Sold Price
$737,300
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeastern Brooklyn was $737,300 in April 2024, down 3% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $210K | -6.7% |
2 Bedrooms | $520K | $564K | +8.5% |
3 Bedrooms | $749.5K | $725K | -3.3% |
4 Bedrooms | $850K | $855K | +0.6% |
5+ Bedrooms | $1.1M | $1.1M | +1.6% |
Summary: Southeastern Brooklyn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
Southeastern Brooklyn | $760K | $737.3K | -3.0% |
Mill Basin | $850K | $810K | -4.7% |
Flatlands | $706K | $672.5K | -4.7% |
Bergen Beach | $917.5K | $840K | -8.4% |
Housing Supply in Southeastern Brooklyn, NY
How many homes are available in Southeastern Brooklyn, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
273 | 271 | -0.7% |
Summary: The Southeastern Brooklyn real estate market had 271 homes for sale in April 2024, a 0.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 14 | 0.0% |
2 Bedrooms | 43 | 41 | -4.7% |
3 Bedrooms | 124 | 122 | -1.6% |
4 Bedrooms | 35 | 38 | +8.6% |
5+ Bedrooms | 57 | 56 | -1.8% |
Summary: The Southeastern Brooklyn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 1.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 20 | -23.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Southeastern Brooklyn in April 2024, down by 23.1% month-over-month. Of the 20 sold homes, 75% were sold under asking, 10% were sold at asking, and 15% were sold over asking.
Days on Market for Southeastern Brooklyn, NY
How long does it take to sell a home in Southeastern Brooklyn, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
96 Days | 92 Days | -3.6% |
Summary: Homes in Southeastern Brooklyn had an average of 92 days on market in Apr 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Southeastern Brooklyn; 20% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.