Housing Prices in Borough Park, NY

How much do homes in Borough Park, NY cost?

Median List Price

$1,395,000

$640/sqft

Based on all homes listed in the last 12 months.

Difference Since April 2023

+$126,000(+9.9%)

Key Takeaway

The list price of homes in Borough Park has increased by 9.9% since last year.

Summary: The median home list price in Borough Park was $1,395,000 in April 2024, up 9.9% from the previous year, and the median price per square foot was $640.

Median List Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $429.5K$425K
-1.0%
2 $630K$647K
+2.7%
3 $1.1M$1.1M
+2.9%
4 $1.2M$1.2M
-1.5%
5+ $1.5M$1.8M
+13.7%

Summary: Borough Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 13.7%.

Median List Price Compared To Nearby Neighborhoods

Borough Park
+9.9%
Sunset Park
+5.2%
Kensington
+4.8%
Windsor Terrace
+2.2%
New Utrecht
0%

Housing Supply in Borough Park, NY

How many homes are available in Borough Park, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2120-4.8%

Summary: The Borough Park real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 22
0.0%
3 76
-14.3%
4 32
-33.3%
5+ 89
+12.5%

Summary: The Borough Park 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 12.5%.

Days on Market for Borough Park, NY

How long does it take to sell a home in Borough Park, NY?

Average Listing Age

Apr 2023Apr 2024CHANGE
338 Days281 Days-16.8%

Summary: Homes in Borough Park had an average listing age of 281 days in Apr 2024, down by 16.8% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Borough Park, NY

Nearby Markets to Borough Park, NY