Is Cobble Hill, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Cobble Hill has remained a Buyer'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
$1,460,000
$1,510/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Cobble Hill have sold for 21.1% less than they did a year ago.
Summary: The median home sold price in Cobble Hill was $1,460,000 in November 2023, down 21.1% from last year, and the median price per square foot was $1,510.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $820K | $825K | +0.6% |
| 2 Bedrooms | $1.8M | $1.4M | -18.1% |
| 3 Bedrooms | $2.6M | $2.8M | +5.7% |
| 4 Bedrooms | $4.1M | $4.7M | +14.6% |
| 5+ Bedrooms | $5.8M | $6.2M | +6.9% |
Summary: Cobble Hill housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Boerum Hill | $1.7M | $1.6M | -5.7% |
| Brooklyn Heights | $1.6M | $1.4M | -9.0% |
| Cobble Hill | $1.8M | $1.4M | -21.1% |
Housing Supply in Cobble Hill, NY
How many homes are available in Cobble Hill, NY?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The Cobble Hill real estate market had 27 homes for sale in November 2023, a 12.9% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cobble Hill housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 November 2023, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
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Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.