Is Cobble Hill, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Cobble Hill was a Seller's Market.
Key Takeaway
Cobble Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cobble Hill, NY
How much do homes in Cobble Hill, NY cost?
Median Sold Price
$2,151,000
$1,296/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cobble Hill have sold for 38.8% more than they did a year ago.
Summary: The median home sold price in Cobble Hill was $2,151,000 in June 2024, up 38.8% from last year, and the median price per square foot was $1,296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $720K | $765K | +6.3% |
| 2 Bedrooms | $1.5M | $1.6M | +4.3% |
| 3 Bedrooms | $2.5M | $2.7M | +6.8% |
| 4 Bedrooms | $5.2M | $5.0M | -2.0% |
| 5+ Bedrooms | $6.9M | $4.9M | -29.5% |
Summary: Cobble Hill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Cobble Hill | $1.5M | $2.1M | +38.8% |
| Columbia Street Waterfront District | $1.0M | $1.4M | +34.7% |
| Brooklyn Heights | $1.3M | $1.8M | +32.7% |
| Boerum Hill | $1.7M | $1.7M | +4.1% |
| Carroll Gardens | $2.0M | $1.9M | -6.0% |
Housing Supply in Cobble Hill, NY
How many homes are available in Cobble Hill, NY?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Cobble Hill real estate market had 29 homes for sale in June 2024, a 12.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 9 | 5 | -44.4% |
Summary: The Cobble Hill housing inventory by bedroom type for June 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 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cobble Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Cobble Hill in June 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Cobble Hill, NY
We’re sorry, we don't have information for this market at the moment
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