Is Dumbo, 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, Dumbo has remained a Buyer's Market.
Housing Prices in Dumbo, NY
How much do homes in Dumbo, NY cost?
Median Sold Price
$2,990,000
$1,576/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dumbo was $2,990,000 in April 2024, up 66.1% from last year, and the median price per square foot was $1,576.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.2M | $1.6M | +25.2% |
2 Bedrooms | $1.8M | $1.9M | +5.5% |
3 Bedrooms | $3.5M | $4.7M | +34.5% |
4 Bedrooms | $4.1M | $7.5M | +79.9% |
5+ Bedrooms | $7.9M | $7.8M | -0.8% |
Summary: Dumbo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 79.9%, and 5+ bedroom homes decreased by 0.8%.
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% |
Housing Supply in Dumbo, NY
How many homes are available in Dumbo, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Summary: The Dumbo real estate market had 62 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 19 | +11.8% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dumbo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes decreased by 15%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Dumbo in April 2024, down by 50.0% 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 Dumbo, NY
We’re sorry, we don't have information for this market at the moment