Is Cobble Hill, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cobble Hill is a buyer's market

Buyer's
Market

Difference Since May 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

$1,925,000

$1,310/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$350,000(+22.2%)

Key Takeaway

Homes in Cobble Hill have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Cobble Hill was $1,925,000 in May 2024, up 22.2% from last year, and the median price per square foot was $1,310.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $720K$730K
+1.4%
2 $1.5M$1.5M
-2.5%
3 $2.6M$2.6M
-1.9%
4 $5.2M$5.0M
-2.0%
5+ $6.1M$4.9M
-19.9%

Summary: Cobble Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 19.9%.

Median Sold Price Compared To Nearby Neighborhoods

Brooklyn Heights
+27.0%
Cobble Hill
+22.2%
Boerum Hill
+12.2%
Carroll Gardens
-12.7%

Housing Supply in Cobble Hill, NY

How many homes are available in Cobble Hill, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3533-5.7%

Summary: The Cobble Hill real estate market had 33 homes for sale in May 2024, a 5.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 75
-28.6%
2 97
-22.2%
3 89
+12.5%
4 43
-25.0%
5+ 79
+28.6%

Summary: The Cobble Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cobble Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Cobble Hill in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

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

Report Updated 13 Days Ago

Newest Listings in Cobble Hill, NY

Nearby Markets to Cobble Hill, NY