Is Brooklyn, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Brooklyn was a Seller's Market.
Housing Prices in Brooklyn, MD
How much do homes in Brooklyn, MD cost?
Median Sold Price
$214,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Brooklyn was $214,500 in March 2024, up 12.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $46K | N/A |
2 Bedrooms | $99.7K | $135K | +35.3% |
3 Bedrooms | $193.5K | $208K | +7.5% |
4 Bedrooms | $265K | $287K | +8.3% |
5+ Bedrooms | $335K | $302K | -9.9% |
Summary: Brooklyn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
Brooklyn | $190K | $214.5K | +12.9% |
Halethorpe | $280.7K | $300K | +6.9% |
Baltimore | $214.6K | $219.9K | +2.5% |
Housing Supply in Brooklyn, MD
How many homes are available in Brooklyn, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
221 | 230 | +4.1% |
Summary: The Brooklyn real estate market had 230 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 43 | 44 | +2.3% |
3 Bedrooms | 122 | 124 | +1.6% |
4 Bedrooms | 39 | 43 | +10.3% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Brooklyn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Brooklyn in March 2024, up by 37.5% month-over-month. Of the 33 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Brooklyn, MD
How long does it take to sell a home in Brooklyn, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 26 Days | -31.3% |
Summary: Homes in Brooklyn had an average of 26 days on market in Mar 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Brooklyn; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.