Is Brooklyn Heights, 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, Brooklyn Heights has remained a Buyer's Market.
Housing Prices in Brooklyn Heights, NY
How much do homes in Brooklyn Heights, NY cost?
Median Sold Price
$1,600,000
$1,478/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brooklyn Heights was $1,600,000 in April 2024, up 14% from last year, and the median price per square foot was $1,478.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $717.5K | $762.5K | +6.3% |
2 Bedrooms | $1.4M | $1.4M | -2.9% |
3 Bedrooms | $2.7M | $2.4M | -10.5% |
4 Bedrooms | $4.2M | $4.4M | +5.6% |
5+ Bedrooms | $8.6M | $7.4M | -14.2% |
Summary: Brooklyn Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
Dumbo | $1.8M | $2.9M | +66.1% |
Brooklyn Heights | $1.4M | $1.6M | +14.0% |
Downtown Brooklyn | $1.2M | $1.4M | +12.7% |
Northwestern Brooklyn | $1.3M | $1.4M | +6.4% |
Boerum Hill | $1.7M | $1.8M | +4.0% |
Housing Supply in Brooklyn Heights, NY
How many homes are available in Brooklyn Heights, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 105 | -10.3% |
Summary: The Brooklyn Heights real estate market had 105 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 26 | -25.7% |
2 Bedrooms | 28 | 27 | -3.6% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Brooklyn Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Brooklyn Heights in April 2024, down by 7.1% month-over-month. Of the 13 sold homes, 8% were sold under asking, 92% were sold at asking, and 0% were sold over asking.
Days on Market for Brooklyn Heights, NY
We’re sorry, we don't have information for this market at the moment